C

LOAN SUMMARY | 1024 South Indian Creek Drive, Stone Mountain, GA 30083

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
11%
12 months
69.9%
$157,200
596
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$157,200
Funded
Started on
Funded on
Repaid on
Matured on
11/30/2018
Pending
01/06/2020

FINANCIAL OVERVIEW

After Repair Value (ARV)
$225,000
Total Project Costs
$186,200
$38,800
GROUNDFLOOR
$157,200
$29,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$95,000
Purchase Date
01/07/2019
Loan To ARV
69.9%
Loan To Total Project Cost
83.8%

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)
$225,000
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 purchase this property on January 7, 2019 by Groundfloor Finance Inc. (“Groundfloor,” “we,” “us,” or “our”) or a wholly-owned subsidiary of Groundfloor. The Borrower is now in possession 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 is a new entity and does not have any assets or operating history.
  • Please consult the Offering Circular