The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
Groundfloor, an alternative real estate crowdfunding platform that allows non-accredited investors to invest in high-yield, short-term real estate loans, just announced a new batch of real estate loan offerings. These loans have a minimum investment of only $10 and have returns that range from 8% to 12%.
The Investment Platform: Groundfloor provides short-term, hard money loans to real estate investors and builders for the renovation or construction of residential properties. Once the loans are originated, they're added to Groundfloor’s platform, where investors can contribute any amount in $10 increments to any number of properties they wish.
The investments are offered through a debt security for each loan called a limited recourse obligation (LRO) and Groundfloor holds a first lien position backed by the underlying real estate asset.
To date, the actual returns on the platform average 10.5%, with over $12.6 million in interest paid to investors.
Latest Offerings: The new loans available for investment range in amounts from $108,480 to $305,100, and are secured by properties located in Florida, Maryland, Georgia, Alabama, Illinois and Pennsylvania.
LRO Name |
LRO Amount |
LRO Rate |
Term |
Purpose |
---|---|---|---|---|
2056 Fairway Cir NE #2 |
$305,100 |
8.00% |
12 months |
Purchase & Renovation |
633 Lincoln Ave |
$206,660 |
10.00% |
12 months |
Refinance - Rehab |
1874 Williams Ave |
$195,220 |
12.00% |
12 months |
Purchase & Renovation |
2963 Orion Dr #1 |
$241,070 |
10.00% |
12 months |
Purchase & Renovation |
2235 15th Ave N |
$224,390 |
10.00% |
6 months |
Purchase & Renovation |
3477 Jackson Dr |
$278,600 |
10.00% |
6 months |
Purchase & Renovation |
701 Bonnie Dell Dr |
$234,480 |
9.50% |
9 months |
Purchase & Renovation |
5512 Carville Ave |
$247,390 |
10.00% |
6 months |
Purchase & Renovation |
4404 161st Ter N #1 |
$191,870 |
10.00% |
12 months |
Purchase & Renovation |
2045 Wright Avenue |
$127,250 |
10.00% |
6 months |
Purchase & Renovation |
5374 Brendlynn Dr #1 |
$254,290 |
10.00% |
12 months |
New Construction |
315 Simca St SE |
$134,810 |
10.00% |
6 months |
Purchase & Renovation |
9634 S Winchester Ave #1 |
$196,030 |
8.00% |
12 months |
Purchase & Renovation |
5126 Delphin Lane |
$108,480 |
10.00% |
6 months |
Purchase & Renovation |
40 County Road 744 |
$143,500 |
10.00% |
6 months |
Purchase & Renovation |
View current loan offerings on Groundfloor
Due Diligence: Groundfloor has a system for vetting and grading each deal before it's offered on the platform, and investors can review details on each loan before making any investment decisions. This includes information on the property and the borrower’s track record.
How To Invest: You can review available loans and decide if this type of investment is right for you by signing up for Groundfloor’s investment platform here.
Want To Be The First To Know About New Investment Opportunities? Gain access to the same investment offerings on which institutions and billionaire investors are earning 20% to 30% or higher annual returns.
While real estate crowdfunding is giving individual investors access to private deals that have historically been out of reach, many of the most lucrative deals are fully funded before the average investor ever has a chance to get involved.
Sign up here for free alerts to find out about new offerings before they go live.
See also: 2021 Groundfloor Review
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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