GroundfloorReviews of groundfloor.com

I enjoy picking properties to invest in. I can’t choose individual investments on the app, just groups. It’s still cool, but not as much fun.

A couple of months back funds processing was very slow and erratic compared to last year(s). Later, auto investing troubles caused concern. It looks like now the issues are settled and I have now more of better experience. I hope it stays this way.

Fund movement between bank and GF account is too slow. Please consider implementing instant credit.

Great experience and returns of 10%+. Besides the returns, it’s a fun experience hunting for good balance of risk and return. Also feels good to support entrepreneurs and effectively economic growth through that. Need to be aware that these returns are not risk free, and though I did not yet suffer any losses, there are delays and the risk that returns don’t repay in full. However, the investments are secured by property, so total loss is unlikely and the return is very likely to cover occasional losses if investment is spread over a large number of loans.

Most all my investments have paid off as planned. But a few have gone longer than promised. Also, I would like to see them offer higher yields. Other than that, it is a great place to invest in real estate without the hassles of actually owning it outright.

Both apps need more work. Not happy that i cannot do desktop version of store on my phone. Interest rates need to be increased in stairs.

Great platform overall for getting involved in real estate and lending. Returns are generally good, but beware of default loans. My overall "return" shows over 10% but I have a couple dozen loans in default (and have been for years) that are not calculated in that yet. Just make sure you have a diverse portfolio from different borrowers.

I'm happy with the rate of return on my loans that eventually mature. But I'm not happy about the management of overdue loans. 20% of my loans are 9 months late. Another 20% are 6 months late. Management seems to ignore them unless one asks about their status.