GroundfloorReviews of groundfloor.com

underlying offering is good, but wish there was better reporting on how their overall portfolio was performing, and the website ux could use a lot of work.

Too many loans are extended and defaulted, in my case currently 35 loans are performing, 46 are extended and 7 are in default. Groundfloor can do a better job screening those taking loans

I have started investing in Groundfloor in February 2022. About 6 months now. I have invested 90% in LRO’s. Purchased about 60 now. I have invested in A, B, and C rated only. About 1/3 of each. Some LRO’s already have been repaid much before maturity. So return on the interest is minimal. So far most of LRO’s that had stayed to maturity have been extended. I would estimate 7 out of 10. And I feel that at least half of them will go into default. It is awfully high percent of LRO’s are not paid on time! It is a very high risk investment to me. With the returns are low for the high risk of loss of principal. I will see how it will go. I am not planning to add anymore funds for now. It looks like we are going for big losses here. Will update my review as time will go.

I like Groundfloor. The customer service is excellent. My returns have been underwhelming and the number of loans in default is concerning.

It was very easy to establish and fund and account, and investing is also made easy with a user friendly website. Groundfloor also does a good job your investments current and past. The big problem....the most important problem....out of about 25 investments I have currently (in the form of loans) about 20 are in default and 4 are in some sort of delayed payback workout arrangement, but will likely go into default soon. GF seems to loan money to a number of less qualified if not unqualified borrowers. Even the B rated loans are in default. I have more money available to invest, but will not until I see how my current "investments" play out.

I have been investing in the notes almost exclusively because of the firm repayment schedule. I have found that the loans get extended or go into default way more frequently than I'm comfortable with.

Super novel product - democratized hard money lending Website and reporting on investments and results are abysmal Investment results are good IF you don't put more than 5% of any one property and you can't put too much in their C properties

Good company as far as investing. But they are not the best at communicating with their investors about resolutions to unpaid loans.