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 600
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.