Patch of Land Loan Performance

Statistics and Trends

Cumulative Loans Originated Since Inception

Current Stats

Through Third Quarter, 2016

Loans Originated:

$194,083,766

Loans Funded:

$168,283,766

Total Funds Returned to Investors:

$46,733,895

  • Number of
    Loans Funded

    344

  • Weighted Average
    Day 1 LTV

    64.90%

  • Realized Rate
    of Return

    11.54%

  • Average
    Loan Size

    $489,197

* Past performance is not indicative of future performance. Realized Rate of Return will depend on loan selection and investor rates available.


Geographical Diversification

States with Patch of Land Activity in Orange

Types of Projects Patch of Land Funds

Definitions:

Loans Originated - The total loan dollar value for all loans originated, including loans funded or referred to strategic partners by Patch of Land.

Loans Funded - The total loan dollar value for all loans funded by our lending entity, Patch of Land Lending, LLC.

Total Funds Returned to Investors - The total dollars returned to investors for closed loans including principal, interest, late fees, extension fees, and default interest.

Number of Loans Funded - The total count of all loans funded by Patch of Land Lending, LLC.

Weighted Average Day 1 LTV - The loan-to-value based on the initial loan disbursement amount divided by “as-is” value, weighted by total loan amount.  This calculation applies to all loans funded since April 2015 based on data availability.

Realized Rate of Return - The return investors have actually experienced across all paid off loans based on the weighted average internal rate of return (IRR). The IRR calculation is based on loan cash flows inclusive of principal, interest, late fees, extension fees, default interest, and gains/losses on principal. Actual realized gains/losses as of Q3 2016 equals 0.00% of Loans Funded.

Average Loan Size - Calculated based on the total dollar value of Loans Funded divided by the Number of Loans Funded.  

Some figures reflect data not limited to projects listed on www.patchofland.com