GROUNDFLOOR’s Asset Management team works tirelessly to ensure that all of their loans are performing and progressing as expected. Here are a few ways in which we do this:

Project Updates: Their Asset Management team works with the borrowers to obtain monthly status updates of the project.
Project Progress Monitoring: Prior to closing the loan, GROUNDFLOOR agrees to a schedule for completion of the renovation works and listing of the project for sale. The time between each draw is tracked. In the event a draw is not made within 30 days, GROUNDFLOOR will send an independent inspector to the property to check on the status of the works.
Upcoming Maturity Monitoring: As the loan gets closer to the maturity date, their Asset Management team works with borrowers to ensure timely project completion and payoff. If there is a situation where the borrower will not be able to repay the loan on time, they will first attempt to negotiate a plan to complete and sell the property to avoid foreclosure.
Default Interest: Investors continue to earn interest from the time the initial investment is made until the time that the loan is paid in full. It is very important that GROUNDFLOOR reaches a resolution that provides for the maximum recovery of loan proceeds in the most time efficient manner. Foreclosure is always their last resort as it can be a very long and costly process.

GROUNDFLOOR is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A.

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