B

LOAN SUMMARY | 1999 Willa Way, Decatur, GA 30032

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9%
6 months
64.0%
$237,170
866
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$237,170
Funded
Started on
Funded on
Repaid on
Matured on
02/16/2021
03/10/2021
Pending
07/24/2021

FINANCIAL OVERVIEW

After Repair Value (ARV)
$365,000
Total Project Costs
$270,920
$94,080
GROUNDFLOOR
$237,170
$33,750
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$135,000
Purchase Date
01/25/2021
Loan To ARV
64.0%
Loan To Total Project Cost
87.2%

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)
$365,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

1999 WILLA WAY, DECATUR, GA 30032
The Borrower intends to use the loan proceeds to renovate the property. 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 needed to begin renovation of this property on January 25, 2021 by Groundfloor Finance Inc. (“Groundfloor,” “we,” “us,” or “our”) or a wholly-owned subsidiary of Groundfloor. The Borrower has now begun renovation 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 renovation of the property may be extensive, and therefore subject to delays and other unexpected issues.
  • The renovation will require permitting, and permits may not be obtained on time or may be denied.
  • Please consult the Offering Circular