GROUNDFLOOR is currently closing loans in as fast as 3 weeks. Below are our current lending guidelines:
- 1-4 Unit Properties in 30 states
- New Construction projects in GA and NC
- Loan size: $75,000-$1M
- Terms: 6, 9, 12 month loans
- Up to 75% LTARV; Up to 100% Loan-to-Cost depending on experience
- No minimum transactions experience required, no JV Agreements considered
- 5 year look back for experience
- Minimum credit score of 640
- Minimum property value $50,000
- All loans will be Full Recourse Loans with Personal Guarantees
We will refinance a loan from another lender if the project is complete.