Groundfloor Loans 2 LLC

The Estimated Use of Proceeds table lists Organization and Offering Expenses as $105,000 (yielding Net Proceeds of $74,895,000), but the table's own footnote (2) and the Summary fee table describe those same expenses as $5,000 of organizational costs plus up to $145,000 of legal fees ($150,000 total) — the $105,000 figure understates expenses by $45,000 and overstates net proceeds.

“Organization and Offering Expenses(2)(3) $ 105,000 Net Proceeds from this Offering $ 74,895,000 ... We will reimburse our Manager for organization and offering costs, which include expected organizational costs of approximately $5,000 and up to $145,000 of legal fees incurred in preparing this offering.”

The offering documents don't answer a standard institutional DDQ question (Governance). An allocator will ask this directly — the GP should be ready with an answer.

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.

The offering documents don't answer a standard institutional DDQ question (Economics). An allocator will ask this directly — the GP should be ready with an answer.