LOAN SUMMARY | 1314 Cochise Circle, Austell, GA 30168
BORROWER
New Construction |
New Construction |
GROUNDFLOOR has received a payoff request good through July 12, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the property is currently under contract, with an expected closing date of July 15, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the following renovations are complete:
The borrower has advised the following renovations are complete:
The borrower has advised the property is currently under contract.
The borrower has advised the project is nearing completion.
The borrower has advised the following renovations are in progress:
The borrower has advised the following renovations are complete or in progress:
The borrower has advised the following renovations are complete:
The borrower has advised the following renovations are complete:
FINANCIAL OVERVIEW
After Repair Value (ARV)
$265,000
Total Project Costs
$192,900
$72,100
GROUNDFLOOR
$159,900
$33,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$40,000
Purchase Date
12/22/2021
Loan To ARV
60.3%
Loan To Total Project Cost
82.9%
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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)
$265,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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