GroundfloorReviews of groundfloor.com

I would like to fault the current administration, who took a booming real estate market and demolished it. I will continue to invest with Groundfloor and hope for new leadership. Go Brandon. (sorry).

Scam. Almost most of loans (10+) ran into delays. ITs been multiple years and still have to recover my invested principal for multiple loans. Forget the interest. Underwriting and rating of loans are too loose, and company seems is not investing required amount and resources to recover unpaid loans....

My first two investments went well. They were very timely in repayment. The last two investments I made are both in a "workout" situation. I think that this is going to take months to years to resolve. In the meantime, my capital is tied up. I believe that I would have been better off investing in REITs that pay a monthly or quarterly dividend. And REITs can be bought or sold at any time on a brokerage exchange.

I have been with Groundfloor since the very beginning. Recently they enabled business accounts and I have also joined as one. While early investors have seen the equity price increase, the quality of loans, payback for investors, and growth have all gone downhill these past two years (2020-2022). My A and B loans have about a 45% delayed or default rate. I have loans from 2019 that have yet to be repaid. The 6 month term on those has gone on too long! Almost four years ffs! How long will you keep "reaching out to borrower"? Just foreclose already. Still, I would now not bother to invest. Payback takes 2x-5x longer and you are not collecting any interest during that time. What's even the point of putting capital at risk when the timeline goes out 3-5 extra years and we don't get any compensation (interest or otherwise) for delays? Don't risk your funds. They were good in the beginning but since 2020 have just gone continually downhill. I am not confident they will recover and get back to high quality all around.

No comment. I really enjoy using real estate investment product.

Extremely great potential of loans going into default and foreclosure modes. Leading to principal locked in without any guarantees of retrieving. Invest only if you are ready to lose your invested principal and have no regrets. Foreclosure processes takes months to years.

Effective, efficient, regular high rate returns.

I have been investing in Groundfloor for more than seven years. They keep my informed of what's going on with the properties where I have my money and are always coming up with new products. This has been a simple way for me to invest in small amounts and grow my money gradually. My returns have been so much higher than any bank could offer.