Daily real estate investors support GroundFloor’s rapid growth



GroundFloor invests in debt products that finance a range of real estate projects including residential single family homes, apartment buildings of up to four units, townhouses, condominiums, planned housing units, and new builds.

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GroundFloor, a real estate wealthtech platform that offers accredited and unaccredited individuals the opportunity to invest in real estate developments, announced in a press release that it was ranked # 1 on Inc. Magazine’s list of 5000 Fastest Growing Companies Has. 2,075.

The company has seen sales growth of 212 percent over the past three years due to its model of democratizing support for residential property construction and renovation investments. Investors can start with as little as $ 10.

“The company has achieved an annualized return of 10% on nearly 2,000 home loans over its eight-year track record,” the press release said.

GroundFloor invests in debt products that finance a range of real estate projects including residential single family homes, apartment buildings of up to four units, townhouses, condominiums, planned housing units, and new builds.

The company also offers short-term loans in 31 states for fix-and-flip investors of one to four units and property owners looking for efficient and fast loans for upgrades and market prep.

GroundFloor also made it onto the Inc. 5000 list in 2020, where it landed at # 1. 402

With more than 100,000 registered investors and total investment revenue of $ 510 million since its inception, GroundFloor will remain on a steady growth path in 2021.

In the second quarter of this year, an investment volume of 61.6 million US dollars was recorded. This represents an increase of 40 percent from the record in the first quarter of 2021.

“To keep up with this accelerated growth, the company is aggressively expanding its workforce by adding several new senior executives to the team and opening up current positions in engineering, marketing, sales and operations,” the press release said.

“We have always believed that retail investors should have equal opportunities to participate in alternative investments and not need a fund manager to select for them,” said Co-Founder and CEO Brian Dally in the press release. “We are very proud of the support and size of our retail investor base.”

The company, which was founded in Raleigh, North Carolina, in 2013, then moved to Georgia because the state allowed crowdfunders to own legal interests in the supported entity early on.

Do you have a technology product you’d like to discuss? Email to Craig Rowe

Craig C. Rowe started at the start of the commercial real estate dot-com boom, helping a number of commercial real estate companies build their online presence and analyze internal software decisions. Now he helps agents with technology decisions and marketing by reviewing software and tech for Inman.





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