B

LOAN SUMMARY | 4218 Lost Lake Lane, Spring, TX 77388

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
10%
6 months
40.6%
$130,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$130,000
Repaid on 05/21/2020
Started on
Funded on
Repaid on
Matures on
02/21/2020
05/21/2020
08/26/2020

LOAN UPDATES

GROUNDFLOOR - 5/11/2020

GROUNDFLOOR has received a payoff request for June 1, 2020. Please keep in mind closing dates are subject to change.

GROUNDFLOOR - 4/15/2020

The borrower has advised the refinance is in progress.

GROUNDFLOOR - 4/8/2020

GROUNDFLOOR has received a payoff request for May 5, 2020. Please keep in mind closing dates are subject to change.

GROUNDFLOOR - 3/27/2020

The borrower has advised that the project is progressing.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$173,000
Total Project Costs
$189,100
$-16,100
GROUNDFLOOR
$130,000
$59,100
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$110,000
Purchase Date
TBD
Loan To ARV
40.6%
Loan To Total Project Cost
54.3%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
7
10
Quality of Valuation Report
4
4
Skin-in-the-Game
9
10
Location
4
8
Borrower Experience
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$173,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

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