We wanted to provide an update regarding the Jacksonville portfolio.
In our last update, we made mention of a new structure that was verbally agreed to by all parties in the Joint Venture. The new structure would ensure that Groundfloor (and its investors) would be the first to receive any proceeds as loans resolve. This amendment to the credit agreement was formally executed on October 31st, 2025.
Operationally, we continue executing on our plan to achieve maximum recovery - foreclosure and stabilization. Our goal is to complete all property foreclosures in Q2 and have approved plans to stabilize them by mid-year.
Our objective is to have comprehensive operating financials ready by year-end, at which point we will be positioned to market a portfolio for sale. In our estimation, this represents the best path forward to achieve the highest recovery possible for investors.
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If you have any further questions, feel free to reach out via support@groundfloor.us. You can also set up a time to chat with a Customer Support member, Monday through Friday, 8am – 5pm EST.
View the customer support team's calendar here to schedule a chat: https://calendly.com/d/crf2-dk7-kr2/new-meeting