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Now Accepting Applications for New Construction, Heavy Rehab, and Refinance Renovation.

The Preferred Private Money Lender for Real Estate Professionals

No one knows your local real estate market better than a local lender, and getting the right loan for your project can take your real estate investing business to the next level. Groundfloor a premier private lender is here to help. 

A private money lender is any non-bank company such as Groundfloor that lends money to people to buy real estate properties. Groundfloor offers private money to companies that need hard money loans that are designed for short-term expenses.

Groundfloor is a first-of-its-kind investment platform for everyday investors that gives both non-accredited and accredited investors direct access to short-term, high yield returns backed by real estate. Our returns are powered by venture loans to real estate entrepreneurs, originated and serviced by Groundfloor.

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The Groundfloor Real Estate Lending Advantage

  • No minimum transactions experience required
  • Five year lookback for experience
  • Minimum property value $50,000
  • Minimum credit score of 640
  • 12 and 18 month terms
  • No hard credit pulls
  • Rates start at 7.5% and roll points into closing cost
  • True deferred payments - no payments until loan repays
  • Loan sizes from $75,000 to $750,000
  • Up to 90% Loan-to-Cost, depending on experience
  • Up to 70% Loan-to-After repair value

Interested in Learning More about Private Real Estate Lending? Meet With Us

 

Examples of Private Real Estate Financing We Offer

  • Fix and Flip Loans

    Groundfloor offers several financing options to help you maximize your flip. Our simple solutions offer as much as 90% financing, including our renovation budget. What are flip and fix loans? A fix-and-flip loan is a great way to make money in real estate. These short-term financial instruments allow investors to purchase properties with plans for immediate profit through cosmetic renovations or complete reconstruction work on an existing structure, which can lead them toward greater returns down the line! Read more. 

  • Fix to Rent Loans

    Maybe you need hard money for rentals? Financing your rental portfolio when your strategy is to find them, fix them and then finance them with long-term leverage. Find out how our 2-step process will help maximize your cash on cash return and expand your rental portfolio today!

  • Rehab Investor Loans

    Real estate rehabs present an exciting opportunity for investors to increase their profits and expand their portfolios. By investing in properties that require renovations, savvy real estate moguls can quickly turn a small investment into substantial returns over the course of weeks or months - making it one of the most popular strategies amongst industry veterans!

  • New Construction Loans

    With Groundfloor, home builders have access to a revolutionary new way of financing their new construction project homes. Unlike more traditional construction loans—which can require large down payments along with variable interest rates and often complex terms—Groundfloor offers an innovative alternative that makes the process easier than ever before! Continue reading.
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Reinventing Real Estate Podcast 

We're excited to introduce you to the dynamic partnership between Groundfloor Finance and RicherValues. These two companies have teamed up to bring you innovative solutions in the field of real estate investing and financial planning. We'll be sitting down with expert leaders from both organizations to hear more about how real estate entrepreneurs and investors can make a real impact in this dynamic industry. As real estate professionals, we understand the importance of understanding the value of a property before making an investment and how it can impact the potential return on investment.

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Groundfloor Real Estate Lending FAQ

What if I want to repay my loan early?

You may repay your Groundfloor loan at any time. There is a three-month minimum interest required for prepayments within the first three months of your loan. After three months, there is no prepayment penalty.
 

What can I expect after my loan is approved?

Loans go into conditional approval, pending the borrower’s acceptance of Groundfloor terms and conditions. At the closing table, Groundfloor will provide the initial disbursement of funds. Once the property has been purchased and the project begins, borrowers receive draws payouts in the form of draw requests from a GROUNDFLOOR-held escrow account. Please note that draws are approved based on completed work. For a more detailed explanation of a loan’s lifecycle, please refer to our blog post on the subject.
 

What can I expect after I submit a loan application?

Once you submit a loan application to Groundfloor, a Groundfloor representative will contact you to get more details about your project and discuss terms. Then, the loan moves through processing, wherein you submit all required documentation to your assigned Groundfloor representative. Once this is completed, the loan moves into the underwriting stage before being cleared to close. You will receive communications and updates about the status of your loan from the Groundfloor team, but you are always welcome to reach out to your dedicated Business Development Manager should you have any questions along the way.

Our Operations Team can typically close a loan application within 10-14 business days. We will advise upon review whether the application is complete, or if we need additional information to complete the application.
 

Does Groundfloor charge me fees?

Groundfloor generally charges borrowers between 2.75% and 4% of the principal amount of the loan in interest for underwriting the loan. Borrowers' points and fees are financed into principal loan amount at closing, and interest payments are deferred until the loan repays. Closing costs are a total of $1,250, plus an additional $495 application fee, which is paid at the time of application and covers the valuation costs.

Once the loan closes there may be additional fees for servicing the loan should the loan mature or go into default. 

 

 

 

Questions or Comments?

Call Us: (404) 850-9224

Hablas Español? (404) 793-7151

El prestamista privado preferido por los inversionistas inmobiliarios. Haz clic aqui para aprender más!

 

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