B

LOAN SUMMARY | 19736 Sorrento St 1st, Detroit, MI 48235

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
8.5%
12 months
45.2%
$48,380
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Cash Out
First Lien
$48,380
Repaid on 07/15/2020
Started on
Funded on
Repaid on
Matured on
05/25/2020
05/28/2020
07/15/2020
02/19/2021

FINANCIAL OVERVIEW

After Repair Value (ARV)
$107,000
Total Project Costs
$106,990
$10
GROUNDFLOOR
$69,110
$37,880
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$107,000
Purchase Date
01/23/2020
Loan To Value
45.2%
Loan To Total Project Cost
64.6%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
10
10
Quality of Valuation Report
4
4
Skin-in-the-Game
7
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$107,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS