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PROJECT SUMMARY | 2557 GLENWOOD AVE SE, ATLANTA, GA 30317

BORROWER

Pegasus Capital Group LLC

Hans Michel - principal

11%

12 months

67.4%

$414,600

Purchase & Renovation

First Lien

$414,600

Balloon payment - principal and interest returned on repayment / due at maturity.

FINANCIAL OVERVIEW After Repair Value (ARV) $615,000 Total Project Costs $488,100 $126,900 GROUNDFLOOR $414,600 $73,500 0% Skin-in-the-Game First Lien Loan Cushion Purchase Price $145,000 Purchase Date 07/31/2020 Loan To ARV 67.4% Loan To Total Project Cost 84.9%	Grade Factors The following factors determine in part how the loan was graded: (in descending order of importance) Loan To ARV Score 4 10 Quality of Valuation Report 4 4 Skin-in-the-Game 2 10 Location 4 8 Borrower Experience 5 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $615,000 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

PROPERTY DESCRIPTION

Address: 2557 GLENWOOD AVE SE, ATLANTA, GA 30317

The Borrower intends to use the loan proceeds to complete a new construction. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

The Borrower was advanced the money it needs to begin construction of this property on July 31, 2020 by Groundfloor Finance Inc. (“Groundfloor,” “we,” “us,” or “our”) or a wholly-owned subsidiary of Groundfloor. The Borrower will has begun construction of the property. If this offering is fully subscribed, Groundfloor will continue to administer and service the loan as further described in the Offering Circular.
The construction of the property may be extensive, and therefore subject to delays and other unexpected issues.
The construction will require permitting, and permits may not be obtained on time or may be denied.
There will be multiple loans on this project, each representing subsequent draws. The loans will range from $200,000 to $250,000. The Financial Overview box represents the aggregate amount of all loans to be secured by this property, giving a complete financial picture of the project.
There is no existing structure on this property, or if there is, it will be demolished, and a new structure built in its place.
The event of default on one Groundfloor note secured by this property will trigger default on all Groundfloor notes secured by this property. All LRO holders investing in LROs corresponding to notes secured by this property share the same priority in any recovery and recovered proceeds will be distributed on a pro-rata basis.
Please consult the Offering Circular for further discussion of general risk factors.

CLOSING CONDITIONS

Loan is conditioned upon a clean title search and valid title insurance at the time of close.

DEVELOPER FEES

We generally charge borrowers an origination fee (which typically ranges between 2% and 6% of the principal loan amount) and a servicing fee (which typically ranges between 0.5% and 2%) for our services.
We do not take a "spread" on any part of the interest payments.
Borrowers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
Unless otherwise limited by applicable law, we will charge a penalty of up to 2% for any extension made to the Borrower. See “Fees and Related Expenses” in the Offering Circular

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

PEGASUS CAPITAL GROUP LLC

DATE OF FORMATION

05/30/2017

Value of Properties

$450K

Total Debt

Completed Projects

Revenue

$795K

Unsold Inventory

Aged Inventory

Gross Margin %

35.0%

PRINCIPAL

Hans Michel

FOCUS

Single Family

Loans Funded

Loans Repaid

Completed Projects Per Year

Average Project Revenue

$254.7K

On Time
Repayment

0.0%

Average Project
Time

18 months

Average Total
Project Costs

$175.9K

THE COMPANY PLAYED NO ROLE IN THE PREPARATION OF ANY OF THE VALUATION SOURCES OR ANY OTHER MATERIALS PROVIDED BY THE BORROWER. WHILE WE BELIEVE THE DATA CONTAINED THEREIN IS HELPFUL, WE DO NOT USE IT AS THE SOLE BASIS FOR A FUNDING DECISION.

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PROJECT SUMMARY | 2557 GLENWOOD AVE SE, ATLANTA, GA 30317

BORROWER

FINANCIAL OVERVIEW

Grade Factors

VALUATION REPORTS

PROPERTY DESCRIPTION

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

CLOSING CONDITIONS

DEVELOPER FEES

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

Investor

Borrower

PROJECT SUMMARY | 2557 GLENWOOD AVE SE, ATLANTA, GA 30317

BORROWER

FINANCIAL OVERVIEW

Grade Factors

VALUATION REPORTS

PROPERTY DESCRIPTION

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

CLOSING CONDITIONS

DEVELOPER FEES

BORROWER SUMMARY UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED. BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.