Thank you for contacting Groundfloor and investing with us. I understand you’re looking for more detail on where to find information on Extended investments.

Extended investments reflect if a borrower is in good standing and the project has a clear path to completion and exit. In these cases, we will opt to offer an extension to the borrower. If they fit our qualifications, then extensions are granted 3 months at a time depending on the scope of the project.

We do this rather than taking legal action which could result in the project entering into default or foreclosure. Investors will continue earning interest for the entire time the loan is in extension and oftentimes will earn additional “penalty” interest.

For each of our LROs, our Asset Management team actively seeks updated from the borrower on the status throughout the project.

You can find more information with our monthly Asset Management updates on the Groundfloor blog.