GROUNDFLOOR Lowers Fees and Announces New Lending Initiatives
GROUNDFLOOR, the award-winning wealthtech platform that allows everyone to build wealth through real estate, is rolling out a series of initiatives to meet the growing demand for residential real estate investment capital and opportunities to supply it.
The new lending initiatives from GROUNDFLOOR include:
- The Loan 100 Program. Available only to the most experienced borrowers in GROUNDFLOOR’s network, the Loan 100 product provides financing for up to 100% of total project costs, including purchase and renovation.
- Reduced Origination Fees and Interest Rates. The reduced fees include a decrease of 1% across the board and of up to 1.5% off origination fees for qualifying borrowers. This ability to reduce fees is a direct result of GROUNDFLOOR’s increased capacity to finance larger-balance loans and by leveraging proprietary technology to streamline loan processing capacity.
- Full Lending Operations to 30 States. The wealthtech platform has now expanded to resume its lending programs with deferred payment options and zero interest reserves across 30 states.
- New Construction Loans in NC and GA. GROUNDFLOOR is offering highly flexible new construction loans with non-recourse financing and attractive interest on disbursement terms for qualified builders.
