Real estate investment platform Groundfloor says it has surpassed $500 million in loan repayments. This includes both principal and interest paid.
Groundfloor says that it is currently home to over 230,000 registered investors.
Currently, Groundfloor reports that it has nearly $300 million in Assets Under Management (AUM), having topped $1 billion in investments.
Investors have consistently received 9% to 10% return on their investments, which are short-term or 9 to 18 months.
“Groundfloor’s core product continues to perform and deliver for the rising number of mass market individual investors who are turning to alternative investments,” said co-founder and CEO Brian Dally. He added that Groundfloor is the “leader in liquidity, choice, dependability, accessibility, and value when it comes to building wealth via real estate.
“Our original LRO [Limited Recourse Obligations] product solves the most important problems in alternative investing at scale.”
LROs are debt securities issued under the Reg A+ exemption.
Gr0undflor has originated over 4,100 loans to more than 2,000 independent developers and operators of fix-and-flip, new construction or buy-and-rent properties. Groundfloor now offers fractionalized debt and equity.
Groundfloor was founded in 2013 by Dally and Nick Bhargava with a mission to make private capital markets more accessible for individual investors.