With the addition of the Golden State, Groundfloor now offers its award-winning real estate investment loans in 32 states and the District of Colombia
ATLANTE, April 20, 2022 /PRNewswire/ — Ground floorthe Wealthtech platform, which allows everyone to build wealth through real estate, announces its expansion throughout the state of California. Starting now, Golden State real estate investors can apply for Groundfloor’s competitive loans to finance acquisition, value-added renovation, new construction, or construction of accessory dwelling units (ADUs). Additionally, the Wealthtech platform is increasing individual loan limits in California for $1.5 million. With the addition of CaliforniaGroundfloor now offers its award-winning lending products in 32 states and the District of Colombia.
“California is the nation’s largest real estate investment lending marketplace and we are excited to be entering it,” said co-founder and CEO Brian Dally. “This expansion and our new lending limit are direct benefits of the continued growth we are seeing in the breadth of our retail investor base, investment activity per investor and average assets under management. “
Groundfloor’s product offerings are designed for real estate investors and entrepreneurs who want more flexible capital to scale their business. Groundfloor’s unique deferred payment program eliminates traditional monthly payment obligations, giving borrowers the most cash on hand to use while the project is underway.
This expansion news follows Groundfloor’s announcement of $118 million new capital for the platform, and its launch in the first quarter of a joint venture in Jacksonville with a $50 million commitment to from Jacksonville residential housing boom. In 2022-2023, the Wealthtech Company plans to continue to expand its lending services into new local markets, roll out additional mobile apps, and continue to create new types of private investment and investor lending opportunities. unaccredited and accredited.
For more information on Groundfloor’s loan products or to start an application, visit borrowers.groundfloor.com.
About the ground floor
Founded in 2013, Groundfloor is an award-winning wealth management technology platform that empowers everyone to build wealth through real estate. Groundfloor was the first company qualified by the United States Securities & Exchange Commission to offer direct real estate debt investments through Regulation A for non-accredited and accredited investors. Today, it remains the only product offering everyone the ability to build fully customizable real estate debt portfolios for both short-term and high-yield returns. Based at AtlantaGroundfloor has won numerous awards for its rapid growth and innovation, including the Inc. 5000 and Deloitte’s Technology Fast 500. To date, Groundfloor has raised $41.8 million in funding from a variety of sources, including venture capital and online public equity offerings. Since its last round of financing, the company has been more than 30% owned by its customers.
SOURCE Groundfloor Finance Inc.