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283:, bringing its total financing to $ 7.5 million. The round was led by Fintech Ventures, a $ 100 million venture capital investment fund focused on innovation in non-bank lending, savings and smart payments, managed by Serguei Kouzmine. Groundfloor announced it would use the money to expand its business beyond the present nine states where it operates.
286:
In 2017, Groundfloor originated $ 30 million in loans. By
October 2018, the company had loaned more than $ 70 million across 500 properties in the United States, one third of which are in Atlanta. Following $ 4.2 million secured from 2304 investors during the 2017-18 campaign, as of October 2018 the
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Groundfloor targets residential-development projects. They use a proprietary loan grading algorithm in addition to application review to assign a loan a letter grade and corresponding rate. Loan terms generally range from six to 12 months and financing can be in a senior or junior position.
303:. Its marketplace provides short-term, high-yield returns backed by real estate. Typical loans return 12 percent annually on a six-to-12-month term. In November 2015, Groundfloor 2.0 was introduced, reducing the minimum investment to $ 10.
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in the fall of 2015. By late
October, Groundfloor sold out every loan originally listed. By December, the company had funded 54 loans and sold more than $ 3 million in
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because of the Invest
Georgia Exemption (IGE) which allows state residents to invest in crowdfunded projects regardless of their investor accreditation status.
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192:. By October 2018, Groundfloor had loaned more than $ 70 million across over 500 properties in the United States and had fundraised $ 13.8 million.
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of real estate: quick comparison of loans and in-depth analysis of loan grading factors.
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In August 2015, Groundfloor became the first real estate crowdfunding company to achieve
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545:"GROUNDFLOOR High Rises with $ 5M Series A, First of New $ 100M Fintech Ventures Fund"
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592:"Groundfloor Announces Three New Tools to Expand Peer-to-Peer Real Estate Lending"
401:"Groundfloor CEO Brian Dally Opines on IPO Results, Growth & Platform Updates"
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377:"Crowdfunding startup says its loans will help ease Triangle's housing crunch"
352:"GROUNDFLOOR Is Breaking New Ground With The World's First Regulation A+ Deal"
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614:"Real Estate Service Groundfloor to Expand Footprint with $ 5M Raise"
495:"Groundfloor Raises $ 1M, Moves to Georgia to Crowdfund Real Estate"
702:"Crowd lending: Groundfloor makes real estate investing accessible"
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In
October 2015, Groundfloor introduced two new tools that expand
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658:"Home flipping once again on the rise in metro Atlanta"
636:"CRE Crowdfunding Firms Continue to Scale Up Platforms"
517:"Company tests new waters for small-scale investors"
212:). In March 2014, the company raised $ 300,000 from
235:, since the regulation became operable through the
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568:. United States Securities and Exchange Commission
177:after the regulation became operable through the
760:Financial services companies established in 2013
204:, in February 2013 by Brian Dally (who launched
446:"Crowdfunding's Next Hot Frontier: Real Estate"
239:. The company subsequently opened investing in
680:"Groundfloor stretches crowd-funding's limits"
660:. The Atlanta Journal-Constitution. 2018-08-22
471:Rules and Regulations of the State of Georgia
467:"Rule 590-4-2-.08 - Invest Georgia Exemption"
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216:in the region. After raising $ 1 million in
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770:Crowdfunding platforms of the United States
755:Companies based in Raleigh, North Carolina
165:marketplace. It was the first real estate
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750:Investment companies of the United States
403:. Crowdfundinsider.com. 20 September 2018
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295:Groundfloor was purposely built to serve
279:securities. It also closed a $ 5 million
184:Groundfloor was purposely built to serve
220:, Groundfloor moved its headquarters to
208:) and Nick Bhargava (contributor to the
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287:company had fundraised $ 13.8 million.
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379:. News & Observer. 31 October 2018
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444:Catherine Clifford (1 April 2014).
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678:Laura Baverman (28 April 2014).
634:Beth Mattson-Telg (2018-05-08).
515:Bevington, Rickey (2015-11-10).
638:. National Real Estate Investor
493:Deborah Gage (19 August 2014).
350:Ryan Lichtenwald (2015-09-12).
765:Peer-to-peer lending companies
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421:Rebecca Grant (30 May 2013).
700:Rebecca Burns (8 May 2014).
277:Limited Recourse Obligation
200:Groundfloor was founded in
158:is an American real estate
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612:Philip Ryan (2015-12-15).
543:Kiki Roeder (2015-12-11).
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173:qualification utilizing
17:GROUNDFLOOR Finance Inc.
301:institutional investors
297:self-directed investors
202:Raleigh, North Carolina
186:self-directed investors
72:Bank of America Plaza,
497:. Wall Street Journal
324:Disruptive innovation
38:real estate investing
312:peer-to-peer lending
273:District of Columbia
231:qualification under
124:peer-to-peer lending
594:. Crowdfund Insider
169:company to achieve
131:Number of employees
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704:. Atlanta Magazine
190:institutional ones
616:. Bank Innovation
519:. Marketplace.org
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122:Real estate
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69:Headquarters
682:. USA Today
642:10 December
572:10 December
523:10 December
429:10 December
358:10 December
299:instead of
188:instead of
156:Groundfloor
145:groundfloor
58:Brian Dally
35:Crowdfunded
744:Categories
708:2018-12-10
686:2018-12-10
664:2018-12-10
620:2018-12-10
598:2018-12-10
566:"Form 1-A"
551:2018-12-10
501:2018-12-10
476:2018-12-10
452:2018-12-10
407:2018-12-11
383:2018-12-10
330:References
265:Washington
241:California
87:Key people
318:See also
291:Platform
271:and the
261:Virginia
249:Maryland
245:Illinois
237:JOBS Act
210:JOBS Act
179:JOBS Act
119:Services
52:Founders
31:Industry
269:Georgia
222:Atlanta
196:History
163:lending
140:Website
44:Founded
80:U.S.A.
257:Texas
644:2018
574:2018
525:2018
431:2018
360:2018
147:.com
47:2013
229:SEC
171:SEC
108:EVP
98:CEO
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