Tagged: brian dally

September 20, 2018 @ 9:00 am By Erin Hobey  |  

Groundfloor, a direct real estate investment platform, has reaped in an additional $4.2 million in its recent IPO. The total reportedly secured for the 2017-18 campaign to $6.2 million (1) from 2,304 investors and the company’s total fundraising to $13.8M. “The offering was very well-received… Read More

September 4, 2018 @ 9:33 pm By Brian Dally  |  

The idea of banking has been around for thousands of years. Archaeologists traced its origins back to ancient Mesopotamia, where tablets show that individuals recorded lending transactions. Then, as civilization created value for items like grain, rare jewels and, eventually, coinage and cash, banking practices… Read More

February 21, 2018 @ 7:00 am By Erin Hobey  |  

Groundfloor, said to be the first issuer qualified by the U.S. Securities & Exchange Commission to offer real estate based payment dependent notes that are available to non-accredited investors, has raised a total of $4.3 million from 671 participating investors in a combination of two… Read More

January 9, 2018 @ 1:54 pm By Erin Hobey  |  

Atlanta-based real estate investment platform Groundfloor has received regulatory approval to raise money under Reg A+. This crowdfunding offer has been in the works for some time now;  like all Reg A offers, the issuer must by scrutinized by the SEC before any securities may be… Read More

October 24, 2017 @ 8:44 am By Samantha Hurst  |  

Real estate crowdfunding platform Groundfloor announced on Tuesday the launch of its new Loan Origination Network for mortgage brokers and third-party originators who are interested in tapping additional real estate loan opportunities. The funding portal revealed that it has opened its real estate financing platform… Read More

September 12, 2017 @ 8:42 am By Samantha Hurst  |  

Real estate lending marketplace Groundfloor announced on Tuesday it has entered into a whole loan purchase relationship with Direct Access Capital (DAC), a specialty finance company focused on providing liquidity to non-bank lenders of short term residential backed business loans. According to the online lender, this… Read More

March 17, 2017 @ 9:36 am By Samantha Hurst  |  

Real estate lending marketplace Groundfloor announced on Thursday it has teamed up with IRA Services Trust Company to launch its tax deferred real estate investing. The platform revealed it will immediately begin to invite investors to its website to fund their accounts directly through their… Read More

September 1, 2016 @ 10:33 am By Samantha Hurst  |  

Groundfloor, a real estate lending marketplace open to non-accredited investors, announced on Thursday it is expanding into 12 additional states. This news comes just one year after the platform qualified under Regulation A+. The lending website is currently available in 23 states, and the new states are Rhode Island,… Read More

April 12, 2016 @ 11:36 am By Erin Hobey  |  

A year after launching an accelerator program focused on helping entrepreneurs in Georgia’s growing FinTech sector succeed, the Advanced Technology Development Center (ATDC) at Georgia Tech is working with a portfolio of 20 innovative startups — including 8 which have already raised more than $16.8… Read More

April 7, 2016 @ 10:57 am By Samantha Hurst  |  

Groundfloor,a real estate crowdfunding platform based in Atlanta, Georgia, announced on Thursday it has reduced its loan interest rates by 10 to 50 basis points. According to the funding portal, the loan rates will now start at 5.9 percent for “fix-and-flip” renovations. According to Groundfloor, investors… Read More

December 9, 2015 @ 1:11 pm By Samantha Hurst  |  

Groundfloor, a real estate lending marketplace open to non-accredited investors, announced on Wednesday it has closed a $5 million Series A round led by Fintech Ventures. Previous investors also participated in the round, bringing the company’s total financing to $7.5 million to date. On the heels… Read More

October 26, 2015 @ 4:30 pm By Samantha Hurst  |  

On Monday during the Money2020 conference, real estate lending marketplace Groundfloor introduced three new tools that expand peer-to-peer real estate lending. These tools enable quick comparison of loans, automated investing and in-depth analysis of loan grading factors. Since announcing its historic qualification by the SEC on… Read More

September 1, 2015 @ 4:09 pm By JD Alois  |  

Groundfloor, a real estate crowdfunding platform based in Atlanta, Georgia, is claiming to have received the very first 1-A, Regulation A+, approval from the Securities and Exchange Commission.  Groundfloor is also noting this will be the first real estate microlending offer as well and is… Read More

August 19, 2014 @ 11:47 am By JD Alois  |  

Groundfloor, a micro lending / crowdfunding community for real estate, has shared they have raised $1 million in seed round funding from angel investors including Michael Olander, Bruce Boehm, Mark Easley Sr. and Inception Micro-Angel Fund. Groundfloor simultaneously announced the company has moved their corporate… Read More

March 26, 2014 @ 8:07 am By JD Alois  |  

Based in the North Carolina Triangle but launched in Atlanta – real estate crowdfunding platform Groundfloor, described as a peer-to-peer lending marketplace, has announced the successful closing of its first two crowdfunded real estate transactions. According to the company Investors who backed the transactions are accruing interest at… Read More

December 19, 2013 @ 9:20 pm By JD Alois  |  

Groundfloor, a new crowdfunding site for real estate based in Georgia, has announced their second project following their successful private pilot launch which occurred this past November.  The first project which is raising $300,000 for a residential development is being followed by a refinancing of… Read More

November 11, 2013 @ 8:01 am By JD Alois  |  

Real Estate Investment is Available for Unaccredited Investors. North Carolina based Groundfloor, a real estate crowdfunding platform, has launched in the Atlanta market with the opening of its pilot development project in Midtown.  Capitalizing on Georgia’s innovative securities laws which has legalized crowdfunding with the Invest Georgia… Read More

October 25, 2013 @ 8:34 am By JD Alois  |  

Groundfloor, a  real estate crowdfunding startup has closed its first round of funding led by investors Bandwidth Labs and the American Underground. The company connects independent real estate entrepreneurs with early-stage loans funded online by mass-market savers and investors. The seed capital will allow Groundfloor… Read More