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LOAN SUMMARY | 1385 Centra Villa Drive Southwest, Atlanta, GA 30311

BORROWER

Total Housing Solutions, LLC
Ja'Juan Warren - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
8.3%
12 months
64.9%
$83,130
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Cash Out
First Lien
$83,130
Repaid on 10/22/2020
Started on
Funded on
Repaid on
Matured on
06/18/2019
09/17/2019
10/22/2020
06/17/2020

FINANCIAL OVERVIEW

After Repair Value (ARV)
$128,000
Total Project Costs
$87,330
$40,670
GROUNDFLOOR
$83,130
$4,200
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$42,000
Purchase Date
05/01/2014
Loan To Value
64.9%
Loan To Total Project Cost
95.2%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
10
10
Quality of Valuation Report
4
4
Skin-in-the-Game
7
10
Location
4
8
Borrower Experience
1
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$128,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower was advanced the money it needed to begin renovation of this property on June 18, 2019 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.
  • The Borrower has not completed or sold any projects in the past year. As such, the Borrower's average revenue, costs, and margins cannot be calculated.
  • The principal has not yet completed or sold any projects. As such, the principal's average revenue, costs, and margins cannot be calculated.
  • Please consult the Offering Circular