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Does GROUNDFLOOR charge me fees?

Last Updated: Dec 16, 2015 04:39PM EST
GROUNDFLOOR is an alternative to traditional finance institutions and hard money lenders for real estate investors. Our rates and fees are competitive for the private lending industry. We offer more flexibility and efficiency than a bank and better rates and terms than a hard money lender. 

Currently, GROUNDFLOOR generally charges borrowers between 2% and 6% of the principal amount of the loan for our services and does not take a spread on any part of the interest payments. Borrowers may capitalize the cost of closing into the principal amount requested. Closing costs typically range form $500 to $1,500. Unless otherwise limited by applicable law, GROUNDFLOOR will charge a penalty of 2% for any extension made to the borrower. Additional details may be seen in the "Fees and Expenses" section of the Offering Circular.

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