Groundfloor loans have deferred payment terms. When a borrower repays the principal and outstanding interest on a deferred payment loan, investors are repaid in one lump sum on their LRO investment.
You can view the maturity date per loan (LRO) by clicking on the pie chart icon labeled 'Assets' and selecting 'Loans'. From there, click on the 'Open Projects' tab. The Maturity Date reflects the date the loan is originated plus the full term of the loan. When a loan is repaid before the maturity date, the investor will only accrue interest through the date the loan was repaid. If a loan goes past its maturity date, it's possible that the investor could earn additional default interest for their investment due to default interest and other fees.
Once Groundfloor receives funds to satisfy the loan, Groundfloor will repay the investor's principal and interest within 7 days.
For a more detailed overview of how Groundfloor calculates your investment return, please see our blog post on the subject.