31
1817 HUGHES LOOP
The borrower’s unit has been deployed overseas, which has shifted the dynamic on-site a bit. He does have someone stepping in to help with the rehab, but from what we gather, the work isn’t quite meeting his expectations. There’s still a fair amount left to complete, including the kitchen, bathroom, bedroom, and garage.
32
4816 SMITHWOOD RD
The borrower expressed strong frustration with the permitting and loan management process, stating that Groundfloor’s strict requirements—particularly the need for permits on every aspect of the work—have significantly slowed progress.
33
118 CAN'T STOP
The property rehab is progressing well, with refinements underway. Payoff letters were sent out two days ago, on Friday, and Tyler reached out to Ralf on the same day for further updates.
34
235 CRAWFORD AVE
The latest update shows that the property is currently back on the market. A previous deal fell through due to the buyer’s financing, but momentum never slowed. Another full-price offer has already been accepted, and it’s going back under contract today.
35
2726 IDA AVE
The property remains actively listed for sale, with a recent $10,000 price reduction aimed at boosting interest. So far, though, no offers have come in just yet. Property showings will be scheduled as interest comes in. The borrower remains ready to move quickly if a serious buyer steps forward. In the meantime, they’re trying out a few different marketing approaches.
36
748 PINE HARBOR
37
615 CHESTNUT
38
200 FRONTAGE RD
The property has been on the market for two months, and things are looking great! It’s an exciting milestone, and the listing is definitely catching the attention of potential buyers. With everything on track, the next focus is on bringing in offers and moving closer to a successful sale.
39
3016 VIRGINIA DR
The rehab is roughly 40% complete, with key items like the roof, electrical work, floor, and exterior prep already checked off. At this stage, it seems the project is shifting from the heavier upfront work into the early phases of finishes.
40
1 NORTHBROWN CT
The property officially hit the market last Friday. Since then, there’s been a steady stream of interest, and they’ve already received a handful of offers—five in total at the moment. Right now, they are is in the process of reviewing those offers. Nothing finalized yet, but the early response feels encouraging. We’ll keep you posted as things move forward.