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 short-term real estate loans, has just released a new batch of loans available for investment. These loans have a minimum investment of $10 and have returns that range from 8% to 12%.
This new batch includes 18 loans with terms that range from six months to 12 months. The majority of the loans are made to real estate investors to purchase, renovate and sell the property for a profit, with others being used for new construction.
The new batch of loans from Groundfloor are concentrated in some of the fastest-growing states including Texas, Florida, Georgia and North Carolina.
Each of these loans are offered to investors through a limited recourse obligation, which is a debt security created for each loan. Groundfloor holds a 1st lien position on each loan, which are all backed by the underlying real estate asset.
You can view more details on these loans through Groundfloor’s investment platform.
Photo by Dillon Kydd 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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