A

LOAN SUMMARY | 4289 Inverness Ct NE, Roswell, GA 30075

BORROWER

MG WORLDWIDE INVESTMENTS, LLC
Carlos Jesus Merino Y Ponce De Leon - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
6%
9 months
62.2%
$157,070
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Cash Out
First Lien
$157,070
Repaid on 07/16/2021
Started on
Funded on
Repaid on
Matured on
04/08/2021
06/01/2021
07/16/2021
01/07/2022

FINANCIAL OVERVIEW

After Repair Value (ARV)
$435,000
Total Project Costs
$434,900
$100
GROUNDFLOOR
$157,070
$277,830
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$315,000
Purchase Date
03/10/2021
Loan To Value
62.2%
Loan To Total Project Cost
36.1%

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
10
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$435,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

4289 INVERNESS CT NE, ROSWELL, GA 30075
The property is being used as collateral for a loan. No substantial work is being done on the property, and the majority of the collateral is represented by the Borrower's skin-in-the-game.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower was advanced the money it needs to refinance this loan on April 8, 2021 by Groundfloor Finance Inc. ("Groundfloor," "we," "us," or "our") or a wholly-owned subsidiary of Groundfloor. The Borrower has now been refinanced for this property. If this offering is fully subscribed, Groundfloor will continue to administer and service the loan as further described in the Offering Circular.
  • The property is being used as collateral for a loan. No substantial work is being done on the property, and the majority of the collateral is represented by the Borrower's skin-in-the-game. As a result, there will be little to no "cushion" and the Borrower will repay the Groundfloor loan by selling the property or refinancing it.
  • Please consult the Offering Circular