LOAN SUMMARY | 6985 Wycombe Rd, Atlanta, GA 30328
BORROWER
Purchase & Renovation |
Purchase & Renovation |
GROUNDFLOOR is pleased to announce that this loan has repaid in full. Please refer to your dashboard for repayment details.
GROUNDFLOOR has received a payoff request good through June 20, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that listing is scheduled.
The borrower has advised the project is complete.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that all renovations are 75 percent done.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that interior painting and tiling are nearing completion.
The borrower has advised that renovations are 50% complete.
FINANCIAL OVERVIEW
After Repair Value (ARV)
$950,000
Total Project Costs
$772,200
$177,800
GROUNDFLOOR
$685,200
$87,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$595,000
Purchase Date
11/05/2021
Loan To ARV
72.1%
Loan To Total Project Cost
88.7%
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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)
$950,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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