B

LOAN SUMMARY | 18709 Santa Barbara Drive, Detroit, MI 48221

BORROWER

Infiniti Homes International Inc
Derek Washam - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
8.5%
12 months
45.4%
$68,170
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Cash Out
First Lien
$68,170
Repaid on 07/09/2020
Started on
Funded on
Repaid on
Matured on
02/20/2020
05/28/2020
07/09/2020
02/19/2021

FINANCIAL OVERVIEW

After Repair Value (ARV)
$150,000
Total Project Costs
$149,990
$10
GROUNDFLOOR
$97,390
$52,600
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$150,000
Purchase Date
12/05/2014
Loan To Value
45.4%
Loan To Total Project Cost
64.9%

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)
$150,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS