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GROUNDFLOOR Lowers Charges And Announces Brand New Lending Initiatives

GROUNDFLOOR Lowers Charges And Announces Brand New Lending Initiatives

Brand brand New initiatives offer more money to borrowers that are qualified stimulating the economy and providing more choices for retail investors to diversify through real-estate

News provided by

Nov 12, 2020, 08:53 ET

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ATLANTA , Nov. 12, 2020 /PRNewswire/ — GROUNDFLOOR, the award-winning wealthtech platform that permits everybody else to create wide range through property, is rolling out a number of initiatives to satisfy the growing need for domestic owning a home money and possibilities to provide it. Since the start of the , GROUNDFLOOR has proceeded to see record-breaking development from retail investors who wish to diversify short-term, high yield to their portfolios property opportunities. Now, as lending ramps back once again to pre- amounts, the wealthtech platform is leveraging who supply of money by considerably access that is increasing money for experienced property entrepreneurs.

«the first liquidity crunch obliterated all institutional financing into the residential fix and flip and property space that is rental. Many loan providers had been frozen, GROUNDFLOOR surely could carry on lending through the uncertainty that is economic to your unique money framework,» stated co-founder and CEO Brian Dally . «this season has proven that money sourced from mass market investors is much more reliable. Now we are showing that it is additionally more flexible and powerful also.»

The lending that is new from GROUNDFLOOR include:

The Loan 100 Program – Available and then the many experienced borrowers in GROUNDFLOOR’s system, the mortgage 100 product provides funding for up to 100percent of total project expenses, including purchase and renovation (i.e.

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