Why Groundfloor?
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Rates starting at 5.4%
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Fix-and-flip hard money loans from $75,000 to $2,000,000 for residential properties (Please note: cannot be owner occupied)
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Closing as fast as 15 days
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Monthly payments or balloon payment at maturity date
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All points can be rolled into the loan
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No personal guarantee required
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Lend up to 70% ARV (after repair value)
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Borrow up to 90% LTC (loan to cost)
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Fast and simple application with minimal documentation (no tax returns, no bank statements)
Get A Rate Quote Now
Get prequalified today and find out why NPR calls Groundfloor ‘Innovative” and why USA Today said developers have embraced Groundfloor.
Groundfloor In The News
Closing the gap between the real estate investor and borrower through crowdfunding is what makes Groundfloor innovative.
Developers…have embraced the opportunity. They see it as a viable way to quickly raise cash for a project.
Groundfloor fills a void for real estate entrepreneurs... They provide short-term, high-yield returns backed by real estate to entrepreneurs who are often ignored by traditional lenders…
'It was a nightmare working with banks,' Costanzo said. 'It was bureaucratic and tedious.' Costanzo then reached out to Groundfloor…. Groundfloor allows developers, homebuilders and remodelers like Costanzo to crowdfund money from online investors across the U.S. — similar to how startups raise funds on Kickstarter to manufacture new products. Within a couple of weeks, Costanzo, a former wealth manager, raised $100,000 from 130 investors through Groundfloor….'They just make it happen,' Costanzo said. “It seems more efficient and faster than a bank.
What Other Real Estate Developers Have To Say
John Mangham
Danesha Palmer
Sherry Bailey
Adam Ailion
"My first GROUNDFLOOR project, which had 100% equity, was denied funding from a bank and a credit union since I owned the property for less than 6 months; I couldn’t even get a home equity line with my 740+ credit score! Thankfully Groundfloor arrived. The project funded relatively swiftly and the loan underwriting was timely and much smoother than what I’ve experienced at large banks. Loan servicing and post-closing support were also responsive and they were prompt to make payments on any construction draws."
Steve Brock
"Groundfloor’s innovative approach to real estate financing is proving to be an effective way for us to keep pace with rising demand in our communities. I was blown away by how quickly and easily we were able to fund a project--it took less than 36 hours on our first deal."
John Mangham
"We will defintely be using Groundfloor again. Groundfloor investors have become a meaningful part of our financing and business strategy. In addition to providing funds for our projects, we blieve that our cost of capital and fundraising timeline will decrease over time."
Is Your Project a Good Fit for Groundfloor?
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Residential property: single-family or 1-4 unit.
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No owner-occupied, multi-family, land, new construction or blanket properties.
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Loan between $75,000 - $2,000,000
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Borrower operates under an active LLC or Corporation
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Groundfloor will hold a senior lien position
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Located in a state in which we actively lend
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Principal's credit score is above 640
How Groundfloor Fix & Flip Loans Work
1 | APPLY
- Simple online loan application
- Complete at your convenience
- Get your rate in minutes
Finance your next residential real estate project with GROUNDFLOOR. Applying for a loan is simple. Complete our online application and see your initial rate quote in just one click. Contact Georges at (202) 813-1398 if you have any questions about the application process or your initial rate quote.
2 | FUND
- Close as fast as 5 days
- True asset based lending
- Defer payments for up to 1 year
Once your application is complete and submitted, our Lending Operations Team will connect with you to review your project and discuss the details. Once approved we will coordinate the closing and immediately fund your loan. Later, your project will be financially backed by thousands of GROUNDFLOOR investors.
3 | FLIP
- Simple draw process for finished work
- Complete the renovation, sell the property
- Repay your Groundfloor loan
Access funds efficiently with draw requests throughout the life of the loan. When you choose a Deferred Payment Loan, you make no payments until you sell or refinance the property. GROUNDFLOOR wants your project to succeed and gives you the cash in-hand to complete your project.