{"id":42744,"date":"2023-04-13T06:44:14","date_gmt":"2023-04-13T13:44:14","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=42744"},"modified":"2025-03-17T04:30:16","modified_gmt":"2025-03-17T11:30:16","slug":"groundfloor","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/groundfloor\/","title":{"rendered":"The Ultimate Groundfloor Review for Borrowers in 2025"},"content":{"rendered":"\n

Thinking about a new property, but tired of endless burocracy? Groundfloor Lending might be exactly what you need. They’ve been financing real estate investors since 2013, offering everything from fix-and-flip loans to new construction financing with closing times as quick as 7 days.<\/p>\n\n\n\n

What makes Groundfloor Lending different is how they’ve streamlined the entire borrowing process<\/strong>.\u00a0No tax returns or bank statements required\u00a0– they focus on your property’s value and your experience instead of making you submit a mountain of paperwork.<\/p>\n\n\n\n

With APR starting at 9.99%<\/strong> and loan amounts from $75,000 to $2.5 million<\/strong>, they’re funding deals that traditional banks often won’t touch.<\/p>\n\n\n\n

But is Groundfloor Lending actually your best option in 2025? The Financer team has spent years analyzing real estate financing options, and we’ll compare Groundfloor loans conditions to understand if they make financial sense for your next real estate project<\/strong> or if you should be looking elsewhere.<\/p>\n\n\n

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Do We Recommend Groundfloor Lending?<\/h3>

Yes, we recommend Groundfloor as a trustworthy company. Skip to our full review below and see in details the Groundfloor review.<\/p>

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How We Rate Groundfloor Lending<\/h2>\n\n\n\n
Category<\/th>Rating<\/th><\/tr><\/thead>
Affordability<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Application process<\/td>\u2b50\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Loan terms<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Affordability<\/strong> – Interest rates start at 9.99% with origination fees of 2.75-4%, which is competitive for hard money but more expensive than traditional bank financing.<\/p>\n\n\n\n

Application process<\/strong> – Streamlined 10-minute application with no tax returns or bank statements required; decisions in 24 hours.<\/p>\n\n\n\n

Loan terms<\/strong> – Flexible options from 6-18 months with true deferred payments; up to 100% financing available for experienced borrowers.<\/p>\n\n\n\n

Transparency – <\/strong>Clear fee structure with upfront disclosure of $495 application fee and $1,250 closing costs; no hidden prepayment penalties.<\/p>\n\n\n\n

Customer support<\/strong> – One dedicated point of contact throughout the loan process, but some borrowers report communication delays during busy periods.<\/p>\n\n\n\n

What is Groundfloor Lending and How Does it Work?<\/h2>\n\n\n\n

Groundfloor Lending is a hard money lender that provides short-term financing for real estate investors. Founded in 2013, they specialize in funding fix-and-flip projects, renovations, and new construction with loan amounts ranging from $75,000 to $2.5 million.<\/p>\n\n\n\n

The application process is remarkably straightforward. You can apply online in about 10 minutes without submitting tax returns or bank statements.\u00a0Groundfloor issues preliminary approval decisions within 24 hours\u00a0and can close loans in as little as 7 days\u2014a major advantage when you’re competing for deals in hot markets.<\/p>\n\n\n

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Groundfloor evaluation<\/h3>

Unlike traditional banks that focus heavily on your personal finances, Groundfloor primarily evaluates the property itself and your experience level as an investor.<\/p>

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What sets Groundfloor’s lending approach apart is their flexible terms. Loans typically run 6-18 months with interest rates starting at 9.99%. For experienced borrowers, they offer up to 100% financing of both purchase and renovation costs\u2014something traditional lenders simply won’t do.<\/p>\n\n\n\n

Their deferred payment option lets you make no monthly payments during the loan term, instead paying all interest at the end when you sell or refinance the property.<\/p>\n\n\n\n

To a fully comprehension about Groundfloor Lending, take a look at its main informations:<\/p>\n\n\n\n

Characteristic<\/th>Groundfloor Lending<\/th><\/tr><\/thead>
Loan amounts<\/strong><\/td>$75,000 to $2.5 million<\/td><\/tr>
APR range<\/strong><\/td>Starting at 9.99%<\/td><\/tr>
Loan terms<\/strong><\/td>6-18 months<\/td><\/tr>
Available loan categories<\/strong><\/td>Fix & Flip, New Constructions, Bridge and DSCR<\/td><\/tr>
Fees<\/strong><\/td>Application fee: $495, Origination fees: 2.75-4%, Closing costs: $1,250<\/td><\/tr>
Application process<\/strong><\/td>10-minute online application; no tax returns or bank statements required<\/td><\/tr>
Approval timeline<\/strong><\/td>Decision within 24 hours<\/td><\/tr>
Prepayment Penalties<\/strong><\/td>None<\/td><\/tr>
Property Types<\/strong><\/td>Single-family, multi-family, commercial<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\t\t

Compare loans from 48 lenders<\/h3>

Find the cheapest rate with one click<\/p>

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Groundfloor Lending Options<\/h2>\n\n\n\n

Let’s explore the main lending products Groundfloor offer:<\/p>\n\n\n\n

Fix & Flip Loans<\/h3>\n\n\n\n

Groundfloor’s most popular loan product helps real estate investors purchase and renovate properties with the intention of selling them for profit.<\/p>\n\n\n\n

How it works:<\/strong>\u00a0Borrowers receive funding for both property acquisition and renovation costs in a single loan. The loans feature a flexible draw schedule that matches renovation timelines, allowing borrowers to access renovation funds as needed.<\/p>\n\n\n\n