GroundFloor Reviews & Rates
GroundFloor is a real estate lending marketplace offering fix and flip hard money loans. They have been in business since 2013 and have funded over 320 loans. Their interest rates start at 5.4%, and they’ll lend up to 90% LTV and 70% ARV. They have an A+ BBB Rating, with 1 customer review.
|Business Address:||75 Fifth Street NW, Suite 2170, Atlanta, GA 30308|
|Business Phone:||678-701-1194 or 404-850-9224|
GroundFloor Rates & Terms
|Types of Properties||Residential real estate projects for acquisition and/or renovation|
|Loan Amount||$75,000 to $2 million|
|Interest Rates||Starting at 5.4%|
|Lender Fees||Application fee: $250|
Underwriting fees: $750 - $1,500 depending on loan type and size
Points from 2% - 4.5% depending on loan type and size
|Loan Terms||6 to 12 months|
|Minimum Qualifications/Documentation||Credit Score: Above 640|
Borrower operates under active LLC or corporation
Residential property: Single family or 1-4 unit
|Time to Funding||15 days|
|Other Financing Available||Fix and flip loans|
*Exceptions may be granted. Lender information is updated often, however exact lender terms may have changed.
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Groundfloor is the only direct lender of crowdsourced capital that serves the residential fix & flip market. We understand the unique cash flow needs of our borrowers, so we offer a Deferred Payment loan option to give them more control and pre-fund all of our loans to provide cash-in-hand in as little as 5 days.