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 investment platform that allows non-accredited investors to invest in high-yield, short-term real estate loans, is releasing a new batch of 16 loans to investors on Wednesday. These loans have a minimum investment of only $10 and have returns that range from 8% to 12%.
The Investment Platform: Groundfloor provides hard money loans to real estate investors and builders for the renovation or construction of residential properties. Once the loans are originated, they are added to Groundfloor’s platform, where investors can contribute any amount in $10 increments to any loans they wish to invest in.
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 nearly $12.7 million in interest paid to investors.
Latest Offerings: The 16 new loans available for investment range in amounts from $81,110 to $308,3100 with terms between six and 12 months.
LRO Name |
LRO Amount |
LRO Rate |
Term (months) |
602 Jackson St |
$173,280 |
8.00% |
12 |
4926 Dearborn Street |
$104,720 |
8.00% |
12 |
802 Self St |
$130,070 |
8.00% |
12 |
2049 McAfee Rd |
$314,490 |
9.50% |
9 |
59 Division Street |
$147,010 |
9.50% |
9 |
1905 Windemere Drive NE #4 |
$199,320 |
10.00% |
12 |
2571 Sharondale Dr NE #2 |
$308,300 |
10.00% |
12 |
817 Cameron St |
$308,000 |
10.00% |
12 |
2525 Plymouth Sorrento Rd |
$303,880 |
10.00% |
12 |
701 W 36th St |
$196,910 |
10.00% |
12 |
251 Travella Blvd |
$100,360 |
10.00% |
12 |
12971 East 33rd St |
$89,410 |
10.00% |
12 |
1711 Mountain Dr |
$81,110 |
10.00% |
6 |
1559 SW Alma St SW |
$193,760 |
10.00% |
12 |
633 Lincoln Ave |
$206,660 |
12.00% |
12 |
14600 Red Arrow Highway |
$230,760 |
12.00% |
12 |
View current loan offerings on Groundfloor
Due Diligence: Groundfloor uses a proprietary 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, construction plans 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.
See also: 2021 Groundfloor Review
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.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.