This successful bond issuance accelerates Groundfloor’s path to profitable growth and, now and in the long run, opens up new opportunities for Groundfloor’s borrowers and investors alike.
For borrowers, we expect that this bond issuance and, perhaps, others to follow will allow us to lend more, expand the set of loan products we offer and go deeper in target local markets.
For investors, we expect the bond issuance will catalyze the development of new and better investment opportunities and generate cash that we can reinvest into continuing to improve the investor experience.