LOAN SUMMARY | 106 Richland St #1, Clover, SC 29710
BORROWER
Refinance - Rehab |
Refinance - Rehab |
GROUNDFLOOR has received an updated payoff letter request good through April 8, 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 renovations are nearing completion.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that renovations are nearing completion.
The borrower has advised the following renovations are complete or in progress:
GROUNDFLOOR has received a payoff request good through January 31, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised that drywall and siding are complete.
The borrower has advised the following renovations are complete or in progress:
Framing and roof:100%
Plumbing rough:100%
HVAC rough:80%
Electrical rough:100%
The borrower has advised that renovations are ongoing.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that renovations are in progress.
FINANCIAL OVERVIEW
After Repair Value (ARV)
$300,000
Total Project Costs
$196,470
$103,530
GROUNDFLOOR
$176,770
$19,700
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$7,000
Purchase Date
07/31/2018
Loan To ARV
58.9%
Loan To Total Project Cost
90.0%
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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)
$300,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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