Groundfloor Reviews
(Rated by 13 users)
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Payment Methods
Payment Methods
- Verified Store VERIFIED
- Free shipping: Orders $50+
- In-store pickup: Ready in 2 hours
- 30-Day Returns
- Gap Good Rewards (4 brands)
Payment Methods
- Tops: $23 - $70
- Bottoms: $27 - $70
- Outerwear: $34 - $70
- Kids: $29 - $75
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Overall Rating
4.4
Base on 13 Reviews
Ratings by Feature
Ratings by Feature
- Price & Quality4.5
- Shipping & Delivery4.4
- Customer Service4.5
- Good Value4.7
- Return Policy4.7
Recent Customer Reviews (13)
Omero Barese
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Tara Honea
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Luana Carvalho
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Louise Robinson
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Elizabeth Mahon
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Alicia Bass
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Neal Hockaday
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Tom Leach
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Nancy Jimenez
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Leah Bachmeier
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Groundfloor Pricing
Minimum Investment
$10
Borrower Loan Rates
2.75% - 4%
Loan Application Fee
$250
Closing Fee
$1,250
Expected Returns
8% - 15%
Groundfloor Pros & Cons
Pros
1
Low Minimum Investment: Groundfloor allows investors to start with as little as $10.
2
No Investor Fees: Investors do not pay any trading, management, or account fees.
3
Predictable Returns: Groundfloor offers predictable returns within short timeframes, often as little as six months.
4
Automated Diversification: The platform provides automated diversification options, making it easier for investors to manage their portfolios.
5
Extensive Due Diligence: Groundfloor conducts thorough research on developers and real estate projects before offering investments.
6
Liquid Product Option: Rollover Notes offer a liquid investment option, allowing investors to withdraw their funds earlier than other investments.
CONS
1
Illiquidity: Most Groundfloor investments are illiquid until maturity, except for Rollover Notes.
2
Default Risk: There is a risk of borrower default, which can lead to losses for investors.
3
No Equity Ownership: Investors do not gain any equity in the properties, limiting potential gains.
4
High Default Rate: Groundfloor has a higher uncured default rate compared to other platforms, which can be a significant risk.
5
Limited Transparency: Some investors have noted a lack of detailed information about the proposed renovations and borrower experience, which can make it harder to assess risk.
6
No Bankruptcy Protection: Groundfloor does not offer bankruptcy protection for its investments, which can expose investors to additional risks.
Groundfloor Features and Benefits
Features
Low Minimum Investment
Start investing with as little as $10, making it accessible for all types of investors.
No Fees for Investors
There are no trading, management, or account fees for investors, ensuring that all returns go directly to the investor.
High Returns
Expected returns range from 8% to 15%, providing a lucrative opportunity for investors.
Short-Term Investments
Average holding period is six to twelve months, allowing for quicker returns compared to traditional real estate investments.
Automatic Investing
Funds are automatically and instantly invested across all available loans, ensuring instant diversification and optimizing the investing strategy.
Real Estate Backed
All investments are backed by real estate assets, providing a level of security and stability.
Competitive Loan Rates for Borrowers
Borrowers benefit from competitive loan rates, making Groundfloor an attractive option for real estate financing.
Transparent Process
Detailed information about each loan, including property pictures and financials, is provided, allowing investors to make informed decisions.
Regulation A Offering
Groundfloor is the first company qualified by the SEC to offer real estate debt investments via Regulation A for non-accredited investors.
Diverse Investment Options
Invest in various types of real estate projects, including fix-and-flip properties, new construction, and buy-and-hold properties.