LOAN SUMMARY | 1791 Ledo Ave, Decatur, GA 30035
BORROWER
Purchase & Renovation |
Purchase & Renovation |
GROUNDFLOOR has received a payoff request good through December 17, 2020. Please keep in mind closing dates are subject to change.
The borrower has advised the property is currently under contract.
The borrower has advised the project is 95% complete, and the property is currently under contract.
The borrower has advised the project is progressing as planned.
The borrower has advised that exterior painting is complete and interior painting is nearing completion. The property is scheduled to be listed for sale by September 15, 2020. Please keep in mind listing dates are subject to change.
The borrower has advised the project is progressing as planned.
The borrower has advised the project has been delayed due to county response to inspection requests, but work is still progressing.
The borrower has advised the project is progressing as planned.
The borrower has advised the addition is 70% complete.
The borrower has advised the following renovations are complete, or in progress:
FINANCIAL OVERVIEW
After Repair Value (ARV)
$170,000
Total Project Costs
$116,510
$53,490
GROUNDFLOOR
$104,010
$12,500
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$48,000
Purchase Date
03/13/2020
Loan To ARV
61.2%
Loan To Total Project Cost
88.8%
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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)
$170,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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