Groundfloor Launches App To Invest In Real Estate With As Little As $1

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.

The real estate investment platform Groundfloor launched its first mobile app Wednesday that combines the concept of traditional savings accounts with real estate investing.

The Stairs app allows investors to deposit as little as $1 and earn an annual interest rate of 4%-6%, according to a Groundfloor press release. 

How It Works: Funds deposited through the app are invested into a pool of loans secured by real property. Interest accrues daily and is paid to investors every five days. Investors can also withdraw money at any time without paying any fees or penalties.

While in beta, nearly 2,700 users invested more than $4.5 million with the Stairs app.

Groundfloor’s goal with the Stairs app is to simplify the world of alternative investing by combining the simplicity of traditional savings with the benefits and higher yields of real estate investing. The company refers to this new concept as “savesting.”

About Groundfloor: Groundfloor is a real estate investing platform that allows non-accredited investors to purchase shares of high-interest, short-term loans made to real estate investors and homebuilders. Groundfloor was the first company qualified by the U.S. Securities & Exchange Commission to offer direct real estate debt investments via Regulation A.

To date, investors on the Groundfloor platform have earned nearly $12.7 million in interest with total returns averaging 10.5%.

Current Groundfloor Offerings: Groundfloor has 68 loans available for investment on its platform with a minimum investment of $10. Target returns on the current offerings range from 6.5%-12% with terms ranging from six to 12 months. 

View more details about current offerings on the Groundfloor Platform. 

Photo by Alvaro Reyes on Unsplash.

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.