Rates Starting at 6.5% and roll points into closing
True Deferred payments - NO payments until loan repays
Loan sizes from $75,000 to $350,000+
Up to 90% Loan-to-Cost, depending on experience
Up to 70% Loan-to-After Repair Value
6, 9 and 12 month terms
No minimum transactions experience required
5 year look back for experience
Minimum property value $50,000
Minimum credit score of 640
All loans will be Full Recourse Loans with Personal Guarantees
Get prequalified today and find out why NPR calls GROUNDFLOOR ‘Innovative” and why USA Today said developers have embraced GROUNDFLOOR.
"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."
"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."
"We will definitely 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 believe that our cost of capital and fundraising timeline will decrease over time."
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 us at (404) 850-9224 if you have any questions about the application process or your initial rate quote.
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.
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.