Daily Real Estate Investors Drive GroundFloor’s Rapid Growth

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GroundFloor invests in debt products that finance a range of types of real estate projects, including single-family homes, multi-family units of up to four units, townhouses, condominiums, planned housing developments, and new construction.

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First floor, a real estate wealth platform that provides accredited and non-accredited individuals with the opportunity to invest in real estate projects, announced in a press release that it was ranked among the 5000 fastest growing companies by Inc. no. 2.075

Over the past three years, the company’s revenue has grown by 212% thanks to its model, which democratizes the support of investments in the construction and renovation of residential real estate. Investors can start with $ 10.

“The company has achieved a 10% annual return on investment on nearly 2,000 real estate loans over its eight-year period of operation,” it said.

GroundFloor invests in debt products that finance a range of types of real estate projects, including single-family homes, multi-family units of up to four units, townhouses, condominiums, planned housing developments, and new construction.

The company also offers short term loans in 31 states for regular one to four unit investors and property owners looking for efficient and fast loans for modernization and pre-sale preparation.

GroundFloor is also included in the Inc. list. 5000 in 2020. landed at no. 402

With over 100,000 registered investors and total investment sales of $ 510 million since launch, GroundFloor will also grow steadily in 2021.

In the second quarter of this year, the volume of investments amounted to $ 61.6 million. That’s 40 percent more than the record set in the first quarter of 2021.

“To cater for this accelerated growth, the company is aggressively expanding its headcount with several new senior employees joining the team and opening up new positions in engineering, marketing, sales and operations,” it said.

“We have always believed that retail investors should have an equal opportunity to participate in alternative investments and do not need a fund manager to choose for them,” co-founder and CEO Brian Dalli said in a press release. “We are very proud of the support and size of our retail investor base.”

The company was founded in 2013 in Raleigh, North Carolina and then moved to Georgia because the state allowed crowdfunders too early to own legal shares of the backed organization.

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Craig S. Rowe began his commercial real estate career in the early days of the dot-com boom, helping a number of commercial real estate companies strengthen their online presence and analyze in-house software solutions. He now assists agents with technology solutions and marketing by analyzing software and technology for Inman.



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