Groundfloor sought an offer price that was fair and appealing to investors seeking liquidity on their aging investments, whether for tax planning or cash management purposes, without forcing it upon other investors who are not similarly motivated.

The offer was supported by analysis of Groundfloor’s outstanding loan portfolio from the 2019, 2020, and 2021 vintages to estimate the future cash flows from these loans and the time period over which they will be received, with a discount applied to account for significant estimation uncertainty, carrying costs, and illiquidity risk.