GROUNDFLOOR | What are you building?

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PROJECT SUMMARY | 1706 MORRIS AVENUE, EAST POINT, GA 30344

BORROWER

Handsome Home Co LLC

Phylesia Mintz - principal

13%

12 months

73.5%

$176,400

New Construction

First Lien

$176,400

Balloon payment - principal and interest returned on repayment / due at maturity.

FINANCIAL OVERVIEW After Repair Value (ARV) $236,800 Total Project Costs $196,400 $40,400 GROUNDFLOOR $176,400 $20,000 0% Skin-in-the-Game First Lien Loan Cushion Purchase Price $20,000 Purchase Date 06/10/2019 Loan To ARV 73.5% Loan To Total Project Cost 89.4%	Grade Factors The following factors determine in part how the loan was graded: (in descending order of importance) Loan To ARV Score 3 10 Quality of Valuation Report 4 4 Skin-in-the-Game 2 10 Location 4 8 Borrower Experience 3 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $236,800 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

PROPERTY DESCRIPTION

Address: 1706 MORRIS AVENUE, EAST POINT, GA 30344

The Borrower intends to use the loan proceeds to complete a new construction. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

Please consult the Offering Circular for further discussion of general risk factors.

CLOSING CONDITIONS

Loan is conditioned upon a clean title search and valid title insurance at the time of close.

DEVELOPER FEES

We generally charge borrowers an origination fee (which typically ranges between 2% and 6% of the principal loan amount) and a servicing fee (which typically ranges between 0.5% and 2%) for our services.
We do not take a "spread" on any part of the interest payments.
Borrowers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
Unless otherwise limited by applicable law, we will charge a penalty of up to 2% for any extension made to the Borrower. See “Fees and Related Expenses” in the Offering Circular

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

HANDSOME HOME CO LLC

DATE OF FORMATION

09/05/2014

Value of Properties

$25K

Total Debt

Completed Projects

Revenue

$360.7K

Unsold Inventory

Aged Inventory

Gross Margin %

20.3%

PRINCIPAL

Phylesia Mintz

FOCUS

New Construction

Loans Funded

Loans Repaid

Completed Projects Per Year

Average Project Revenue

$316K

On Time
Repayment

100.0%

Average Project
Time

12 months

Average Total
Project Costs

$206.3K

THE COMPANY PLAYED NO ROLE IN THE PREPARATION OF ANY OF THE VALUATION SOURCES OR ANY OTHER MATERIALS PROVIDED BY THE BORROWER. WHILE WE BELIEVE THE DATA CONTAINED THEREIN IS HELPFUL, WE DO NOT USE IT AS THE SOLE BASIS FOR A FUNDING DECISION.

Buy Equity in Groundfloor

PROJECT SUMMARY | 1706 MORRIS AVENUE, EAST POINT, GA 30344

BORROWER

FINANCIAL OVERVIEW

Grade Factors

VALUATION REPORTS

PROPERTY DESCRIPTION

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

CLOSING CONDITIONS

DEVELOPER FEES

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

Investor

Borrower

PROJECT SUMMARY | 1706 MORRIS AVENUE, EAST POINT, GA 30344

BORROWER

FINANCIAL OVERVIEW

Grade Factors

VALUATION REPORTS

PROPERTY DESCRIPTION

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

CLOSING CONDITIONS

DEVELOPER FEES

BORROWER SUMMARY UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED. BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.