Groundfloor Offers Promotional 24 Month 10% Note

Groundfloor, a real estate investment platform, is now offering a series of new notes, with one that provides investors with an interest rate of 10%.

Issued under the Reg A+ securities exemption, the Groundfloor notes represent non-traded, collateralized debt securities based on real estate loans. While generating a higher rate of return than some other interest-bearing products, the notes are not FDIC-insured.

Groundfloor co-founder and CEO Brian Dally said the Notes product “…expands on our track record of opening up equal opportunity to earn higher yields with lower volatility for the mass market, with features the competition simply cannot match.”

The NOtes are said to complement the platform’s core real estate debt products which have a higher rate of return but a longer term.

Groundfloor Notes are described as offering an attractive option to earn yields equal to or higher than comparable Treasury Bills. Currently, yields range from 5% to 10%.

These Notes are as follows:

  • Groundfloor 30-Day Note: 5% interest
  • Groundfloor 90-Day Note: 7% interest
  • Groundfloor 12-Month Note: 8.5% monthly pay interest
  • Groundfloor 10-Year Anniversary Note: 24-Month note with 10% monthly pay interest (available for a limited time)

Groundfloor states that at the maturity of each Note, investors may withdraw their principal and earned interest or roll over into another investment available on the platform.

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