1778 MARSTON ROAD

1778 MARSTON ROAD

Purchase & Renovation

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Location
COLUMBUS, OH
Loan to ARV
70%
No. Investors
3286
Projected Return
11.5%
Term
15 months
Total Project Costs
$173,330

Key Deal Facts

The Borrower was advanced the money it needed to purchase this property on September 8, 2023 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's 2022 revenue was derived from rental properties because the Borrower's primary focus in 2022 was buy and hold. The Number of Completed Projects reflects the number of rental units owned. The Gross Margin reflects the earnings after the expenses of the rental business, such as mortgage interest, property taxes, and maintenance, have been deducted from gross revenue., 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., Please consult the
Offering Circular
for further discussion of general risk factors.

Management Team / Advisory Board Bios

Brandia Graves - principal
Available to Invest : $55,227
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