Groundfloor Reviews

Groundfloor | What are you building?

groundfloor.us
3.54
142 reviews
Great Rating
Based on 142 user experiences

Rated 3.54 out of 5 by 142 Happy Customers

42.3%
14.1%
14.8%
13.4%
14.8%
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J

Get your stolen asset recovered now

I was terrified, watching my hard-earned money vanish while support looked the other way. RetrieveXprO on google became my champion. They fought for me when I had no fight left. Today, I don't just have my funds back, I have my hope back.
P

Not what I was expecting as a new

Not what I was expecting as a new investor
J

Acorns Appear to Fall Far from this Mighty Oak

Suggestions to upper management for improving the investor experience tend to go unanswered Investor feedback helps companies create the best customer experience what s more collecting customer feedback shows investors that their opinions are valued Furthermore all investors are not created equal Obviously Groundfloor caters to the Passive investor who doesn t have the time to perform extensive due diligence on the many loan offerings presented regularly For these investors the passive strategy works well For others a more complex analysis may be desired I proposed such a suggestion to upper management it was never acknowledged How can a company rationalize the shoddy treatment of its current investors The behavior of corporations toward its bread-and-butter constituency is a national shame unbecoming a country that leads the pack in many other aspects of business practice Investor feedback should be treated as a golden opportunity to better understand what is of importance to those who place their dollars within the coffers of a company For a company wholly dependent on technology for its existence responding quickly or automatically to all inquiries and suggestions would seem to be a no-brainer and simply good business sense
L

Don t give you the return they tell you

Don t give you the return they tell you and lie about the percentage once you get a return
C

It was good at first

It was good at first with most of the projects paying back on time but now most of the projects are not paying back on time if fact like 10 of the projects I invested in are only a year overdue I wish i never invested in this
J

When do I get paid

I ve got one lro that s a month and a half past one a month past and one that s about to end but I doubt I ll be paid for that too
S

This company is completely dishonest

This company is completely dishonest and misleading A majority of all investments I have made with them have gone to default despite their claims of high success I would highly recommend other alternative investments
K

No real oversight and faulty risk ratings

Risk ratings don t make any sense Limited information and communication on status of investments Loans go into default extension with no effort to foreclose
M

Why bother Issues unresolved and quality going down

I have been with Groundfloor since the very beginning Recently they enabled business accounts and I have also joined as one While early investors have seen the equity price increase the quality of loans payback for investors and growth have all gone downhill these past two years 2020-2022 My A and B loans have about a 45 delayed or default rate I have loans from 2019 that have yet to be repaid The 6 month term on those has gone on too long Almost four years ffs How long will you keep reaching out to borrower Just foreclose already Still I would now not bother to invest Payback takes 2x-5x longer and you are not collecting any interest during that time What s even the point of putting capital at risk when the timeline goes out 3-5 extra years and we don t get any compensation interest or otherwise for delays Don t risk your funds They were good in the beginning but since 2020 have just gone continually downhill I am not confident they will recover and get back to high quality all around
S

Groundfloor is a scam

Groundfloor is a scam Nearly all of the investments with them dozens have gone into default Some still have not paid from 15 months PAST maturity date I would recommend avoiding this company

About Groundfloor

Groundfloor is a new financial tool for retail investors. We open the door to short-term, high-yield returns backed by real estate.

United States

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Frequently Asked Questions

Groundfloor is a financial technology company and funding portal that connects individual investors with short-term, high-yield real estate debt investments. Its mission is to democratize real estate investing by making it accessible to non-accredited investors with low minimum investment requirements, primarily focusing on residential fix-and-flip and new construction projects.

Investors browse vetted loan opportunities on the Groundfloor platform, each detailed with property information, loan purpose, borrower history, projected returns, and a risk rating (A through G). Investors purchase fractional debt notes, not direct property ownership, with minimums as low as $10. They receive proportional interest payments as borrowers repay their loans, typically over 6 to 18 months.

No, accreditation is not required to invest through Groundfloor. The platform operates under Regulation A of the Securities Act, which qualifies its offerings for both accredited and non-accredited investors, making real estate debt investing available to the general public.

The minimum investment on Groundfloor starts at $10 per loan. This low threshold allows investors to build diversified portfolios across multiple real estate projects, helping to spread and manage investment risk effectively.

Groundfloor primarily finances short-term loans for residential real estate projects, including fix-and-flip renovations and new construction. These loans are used by developers and house flippers to purchase, renovate, and sell properties, with terms generally ranging from 6 to 18 months.

About Groundfloor

Groundfloor: Democratizing Real Estate Investing

Groundfloor.us is the official website of Groundfloor, a financial technology company that has pioneered a unique model for real estate investment. The platform operates as a limited liability company and functions as a funding portal, connecting individual investors with short-term, high-yield real estate debt investments. Its core mission is to make real estate lending accessible to a broader audience, breaking down the traditional barriers of high capital requirements and accreditation status that have long defined the private real estate market.

How Groundfloor Works

The platform facilitates investments in residential fix-and-flip and new construction projects. Here is a breakdown of its operational model:

  • For Borrowers:Real estate developers and house flippers apply to Groundfloor for loans to finance their projects. These are typically short-term loans (6-18 months) used for purchasing, renovating, and selling residential properties.
  • For Investors:Individual investors can browse vetted loan opportunities on the Groundfloor website or mobile app. Each project is listed with detailed information, including the property location, loan purpose, borrower track record, projected returns (often ranging from 6% to 14% annually), and a risk rating assigned by Groundfloor (A through G).
  • The Investment Vehicle:Investors do not directly own a piece of the property. Instead, they purchase securities in the form of fractional debt notes. This means an investor can participate in a loan with a minimum investment often as low as $10, receiving proportional interest payments as the borrower repays the loan.

Key Features and Offerings

Groundfloor distinguishes itself through several key features designed for investor accessibility and education.

  • No Accreditation Required:Unlike many private real estate investment platforms, Groundfloor is open to non-accredited investors. This is possible because its offerings are qualified under Regulation A of the Securities Act, making them available to the general public.
  • Low Minimum Investment:With minimums starting at just $10, the platform allows for highly diversified portfolios across numerous loans, enabling investors to spread risk effectively.
  • Automated Investing Tools:Groundfloor offers an "Autopilot" feature, which allows investors to set custom criteria (like risk grade, loan term, or return target). The system then automatically allocates funds to new loans that match those parameters.
  • Transparency and Education:The website provides extensive educational resources, including a blog, guides, and a detailed explanation of its loan grading system. Each investment opportunity features a comprehensive project summary, fostering informed decision-making.
  • Secondary Market:Groundfloor operates a limited secondary market, providing some liquidity for investors who wish to sell their notes before a loan matures, though this is subject to market demand.

Considerations for Investors

While Groundfloor opens new doors, it is crucial for potential investors to understand the associated risks. These investments are not FDIC-insured and are subject to potential loss. The success of an investment is directly tied to the borrower's ability to complete and sell the property profitably. Groundfloor's risk ratings provide guidance, but all investments carry inherent risk, including the possibility of default. The platform's historical performance data is available for review, but past performance does not guarantee future results.

In summary, Groundfloor.us presents an innovative online platform that demystifies and opens access to real estate debt investing. By fractionalizing loans and eliminating accreditation hurdles, it empowers everyday individuals to build a diversified portfolio of short-term, income-generating real estate assets, fundamentally altering who can participate in the private lending market.