LOAN SUMMARY | 127 Detroit St, Calumet City, IL 60409
BORROWER
Refinance - Rehab |
Refinance - Rehab |
GROUNDFLOOR is pleased to announce that this loan has repaid in full. Please refer to your dashboard for repayment details.
GROUNDFLOOR has received an updated payoff request good through June 15, 2022. Please keep in mind closing dates are subject to change.
GROUNDFLOOR has received a payoff request good through May 4, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised they are currently in the process of refinancing the GROUNDFLOOR loan, with an expected closing date of May 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the property is actively listed on the market.
The borrower has advised the following renovations are complete or in progress:
Cabinets kitchen & baths - 100%
The borrower has advised the project is complete and is ready to be listed.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised the property is being listed.
The borrower has advised that renovations are nearing completion.
The borrower has advised that renovations are nearing completion.
The borrower has advised that renovations are ongoing.
The borrower has advised that final touch ups are in progress.
FINANCIAL OVERVIEW
After Repair Value (ARV)
$125,000
Total Project Costs
$106,620
$18,380
GROUNDFLOOR
$87,470
$19,150
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$12,500
Purchase Date
08/09/2011
Loan To ARV
70.0%
Loan To Total Project Cost
82.0%
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Grade Factors
The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
Quality of Valuation Report
Skin-in-the-Game
Location
Borrower Experience
Borrower Commitment
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VALUATION REPORTS
As Complete (ARV)
$125,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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