Fees and Rates

Groundfloor offers two repayment options. Borrowers can make monthly interest payments throughout the term of the loan or one payment at maturity/repayment.
Closing fees can be capitalized - they can be rolled into the total loan amount.

APPLICATION FEE

There is a $250 application fee to cover the costs required to kickstart underwriting and to help ensure a quick decision.

ORIGINATION FEES

Points are automatically capitalized into your loan.

Monthly payment loans require 90 days of bank statements and personal guarantee

FEE SCHEDULE
Please note the following costs are passed through to the borrower: Document Prep($60), Flood Cert($20), Wire Transfer($35)

Tier

Min Size

Balloon Points

Monthly Pmt Points

Min Fee

UW Fee

Small

$75,000

4.5%

3.0%

$3,500

$750

Medium

$200,000

3.5%

2.5%

$5,000

$750

Large

$350,000

2.5%

2.0%

$7,000

$750

Jumbo*

$500,000

N/A

Negotiable

N/A

$1,500

SERVICING COSTS

Late payment fee: Greater of 5% of payment amount due or $50, whichever is greater (5-day grace period)

NSF fee: $50

Draw Fees: $175 per draw plus $25 wire fee ($200 total)

  • An independent inspection is undertaken for each draw.

INTEREST RATES

  • Groundfloor offers two repayment options. Borrowers can make monthly interest payments throughout the term of the loan or one payement at maturity/repayment.
  • All stated interest rates are annualized.
  • 3, 6, 9 and 12 month loan terms are available, at the interest rates below.
Balloon Payment

A

B

C

D

E

F

G

Below Loan Amounts

$150,000

$200,000

$300,000

$350,000

$400,000

$400,000

$400,000

3-Month

6.0%

7.5%

9.5%

12.5%

16.5%

20.0%

24.0%

6-Month

6.5%

8.0%

10.0%

13.0%

17.0%

20.5%

24.5%

9-Month

7.0%

8.5%

10.5%

13.5%

17.5%

21.0%

25.0%

12-Month

7.5%

9.0%

11.0%

14.0%

18.0%

21.5%

25.5%

Monthly Payment (Below Loan Amounts)

A

B

C

D

E

F

G

Below Loan Amounts

$150,000

$200,000

$300,000

$350,000

$400,000

$400,000

$400,000

3-Month

5.4%

7.0%

8.7%

11.7%

15.5%

19.0%

23.0%

6-Month

5.9%

7.5%

9.2%

12.2%

16.0%

19.5%

23.5%

9-Month

6.4%

8.0%

9.7%

12.7%

16.5%

20.0%

24.0%

12-Month

6.9%

8.5%

10.2%

13.2%

17.0%

20.5%

24.5%

Monthly Payment (At/Above)

A

B

C

D

E

F

G

At/Above

$150,000

$200,000

$300,000

$350,000

$400,000

$400,000

$400,000

3-Month

7.0%

8.0%

10.0%

12.5%

17.0%

20.8%

24.8%

6-Month

7.5%

8.5%

10.5%

13.0%

17.5%

21.3%

25.3%

9-Month

8.0%

9.0%

11.0%

13.5%

18.0%

21.8%

25.8%

12-Month

8.5%

9.5%

11.5%

14.0%

18.5%

22.3%

26.3%

FINANCE YOUR NEXT FIX-AND-FLIP