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.
States Currently Lending In
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.