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Why Groundfloor Invest Open menu LROs Notes IRA Borrow Open menu FixFlip Full Stack Financing New Construction 24-Month Bridge Learn Open menu FAQ Support Blog Education Hub About Open menu Contact Us Culture Careers Press Team Menu Why Groundfloor Invest Open menu LROs Notes IRA Borrow Open menu FixFlip Full Stack Financing New Construction 24-Month Bridge Learn Open menu FAQ Support Blog Education Hub About Open menu Contact Us Culture Careers Press Team Log In Get Started Your next project starts on the groundfloor Better Real Estate borrowing The preferred private money lender for real estate professionals. The groundfloor Lending advantage No minimum transactions experience required Five year lookback for experience Minimum property value $50,000 Minimum credit score of 640​ 12 and 18 month terms No hard credit pulls True deferred payments – no payments until repay Origination points financed into loan GET STARTED Private Lender In Real Estate A private money lender is any non-bank company such as Groundfloor that lends money to people to buy real estate properties. What is Groundfloor? Groundfloor is a first-of-its-kind investment platform for everyday investors that gives both non-accredited and accredited investors direct access to short-term, high yield returns backed by real estate. Our returns are powered by venture loans to real estate entrepreneurs, originated and serviced by Groundfloor. We want to make your vision a reality, so let us know what you have in mind. Here at Groundfloor we’re not afraid to challenge the norm and think outside the box, so if that sounds like you then we might be just the team to help bring your next project to life! Ready to get Started with Groundfloor? Get started with a Groundfloor real estate investor loan by filling out this pre application form. Already a Groundfloor customer? Click Here Have More Questions? Meet With Us First. EXAMPLES OF PRIVATE REAL ESTATE FINANCING WE OFFER​ We finance projects of all sizes all across the country! FixFlip LEARN MORE Groundfloor offers several financing options to help you maximize your flip. Our simple solutions offer as much as 90% financing, including our renovation budget. These short-term financial instruments allow investors to purchase properties with plans for immediate profit through cosmetic renovations or complete reconstruction work on an existing structure, which can lead them toward greater returns down the line! Fix To Rent LEARN MORE Maybe you need hard money for rentals? Financing your rental portfolio can be a challenge without the right parter, and that’s where we come in. If you want to focus on your strategy of finding, fixing, and financing them with long-term leverage, let Groundfloor help simplify the process for you. Learn more out how our 2-step process will help maximize your cash on cash return and expand your rental portfolio. Rehab Investor LEARN MORE Real estate rehabs present an exciting opportunity for investors to increase their profits and expand their portfolios. By investing in properties that require renovations, savvy real estate moguls can quickly turn a small investment into substantial returns over the course of weeks or months – making it one of the most popular strategies amongst industry veterans! New Construction LEARN MORE With Groundfloor, home builders have access to a revolutionary new way of financing their new construction project homes. Unlike more traditional construction loans—which can require large down payments along with variable interest rates and often complex terms—Groundfloor offers an innovative alternative that makes the process easier than ever before! We can help with any project Meet Our Flips Check out some of the properties that we've helped transform all across the country. Lanham, Maryland Read More Jacksonville, FL Read More Atlanta, Georgia Read More Columbus, Ohio Read More Mableton, Georgia Read More Charlotte, North Carolina Read More Bluffton, South Carolina Read More Pensacola, Florida Read More Borrower Spotlight Meet Our Borrowers Learn more about a few of the borrowers that have worked with Groundfloor to turn bring their project to life! Jonathan Reid Atlanta, Georgia Groundfloor Projects: 41 Read More Cedric Williams Atlanta, Georgia Groundfloor Projects: 23 Learn More John Brunstad Atlanta, GA Groundfloor Projects: 12 Learn More Jeanine Smith Atlanta, GA Groundfloor Projects: 5 Learn More Previous slide Next slide Groundfloor Real Estate Lending FAQ Here are some of the questions we get asked the most. Why work with a Private Money Lender like Groundfloor? Private money lenders are non-institutional individuals or companies that provide short-term loans to borrowers for a variety of purposes. Working with a private money lender can offer several benefits, such as faster access to funds, more flexible loan terms, and a simplified application process. Speed is one of the primary advantages of working with a private money lender. Unlike traditional lenders, private lenders can often provide funds in a matter of days rather than weeks or months. Private lenders typically have more flexibility in their loan terms too. Another benefit of working with a private money lender is the simplified application process. Traditional lenders typically require extensive documentation and review processes that can be time-consuming and onerous. Private lenders, on the other hand, often base their lending decisions on the value of the collateral or the borrower’s ability to repay the loan rather than on strict credit score requirements. What if I want to repay my loan early? You may repay your Groundfloor loan at any time. There is a three-month minimum interest required for prepayments within the first three months of your loan. After three months, there is no prepayment penalty. What can I expect after my loan is approved? Loans go into conditional approval, pending the borrower’s acceptance of Groundfloor terms and conditions. At the closing table, Groundfloor will provide the initial disbursement of funds. Once the property has been purchased and the project begins, borrowers receive draws payouts in the form of draw requests from a Groundfloor-held escrow account. Please note that draws are approved based on completed work. For a more detailed explanation of a loan’s lifecycle, please refer to our blog post on the subject. What can I expect after I submit a loan application? Once you submit a loan application to Groundfloor, a Groundfloor representative will contact you to get more details about your project and discuss terms. Then, the loan moves through processing, wherein you submit all required documentation to your assigned Groundfloor representative. Once this is completed, the loan moves into the underwriting stage before being cleared to close. You will receive communications and updates about the status of your loan from the Groundfloor team, but you are always welcome to reach out to your dedicated Business Development Manager should you have any questions along the way. Our Operations Team can typically close a loan application within 10-14 business days. We will advise upon review whether the application is complete, or if we need additional information to complete the application. Does Groundfloor charge me fees? Groundfloor generally charges borrowers between 2.75% and 4% of the principal amount of the loan in interest for underwriting the loan. Borrowers’ points and fees are financed into principal loan amount at closing, and interest payments are deferred until the loan repays. Closing costs are a total of $1,250, plus an additional $495 application fee, which is paid at the time of application and covers the valuation costs. Once the loan closes there may be additional fees for servicing the loan should the loan mature or go into default. Check Out Our Podcast We're talking with expert leaders to hear more about how real estate entrepreneurs and investors can make...