Groundfloor, a real estate investment platform, has announced that it has surpassed a significant milestone of $500 million in loan repayments, encompassing both principal and interest payments.
The platform currently boasts a sizeable user base of over 230,000 registered investors. Furthermore, Groundfloor reports that it currently has approximately $300 million in Assets Under Management (AUM), after surpassing $1 billion in total investments.
Investors on the platform have consistently enjoyed returns of 9% to 10% on their short-term investments, which typically range from 9 to 18 months.
Speaking about the platform’s success, Groundfloor’s co-founder and CEO, Brian Dally, highlighted that the company’s core product continues to perform exceptionally well, satisfying the growing demand from mass market individual investors seeking alternative investment options. Dally further emphasized Groundfloor’s reputation as the market leader in terms of liquidity, choice, dependability, accessibility, and value, specifically when it comes to building wealth through real estate.
The company’s original product, Limited Recourse Obligations (LROs), has proven to be a successful solution for alternative investing on a large scale. LROs are debt securities issued under the Reg A+ exemption.
Since its inception in 2013 by Brian Dally and Nick Bhargava, Groundfloor has facilitated over 4,100 loans for more than 2,000 independent developers and operators of properties for fix-and-flip, new construction, or buy-and-rent purposes. The platform has also expanded its offerings to include fractionalized debt and equity options.
Groundfloor’s mission has always been to increase accessibility to private capital markets for individual investors, and its recent achievements serve as a testament to the platform’s success in achieving this goal.
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