C

LOAN SUMMARY | 4720 Wellborn Drive, Columbus, GA 31907

BORROWER

MD and MW Investments, LLC
Tracy McGuire - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
10%
6 months
75.6%
$86,600
665
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$86,600
Funded
Started on
Funded on
Repaid on
Matured on
02/26/2021
04/07/2021
Pending
08/08/2021

FINANCIAL OVERVIEW

After Repair Value (ARV)
$114,500
Total Project Costs
$86,600
$27,900
GROUNDFLOOR
$86,600
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$45,000
Purchase Date
02/09/2021
Loan To ARV
75.6%
Loan To Total Project Cost
100.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
3
10
Quality of Valuation Report
4
4
Skin-in-the-Game
0
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
0
1

VALUATION REPORTS

As Complete (ARV)
$114,500
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

4720 WELLBORN DRIVE, COLUMBUS, GA 31907
The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower was advanced the money it needed to purchase this property on February 9, 2021 by Groundfloor Finance Inc. (“Groundfloor,” “we,” “us,” or “our”) or a wholly-owned subsidiary of Groundfloor. The Borrower is now in possession of the property. If this offering is fully subscribed, Groundfloor will continue to administer and service the loan as further described in the Offering Circular.
  • The renovation of the property may be extensive, and therefore subject to delays and other unexpected issues.
  • The renovation will require permitting, and permits may not be obtained on time or may be denied.
  • Please consult the Offering Circular