GROUNDFLOOR is a direct “investor friendly” lender. We specialize in fix-and-flip rehab loans. However, we also do cash out and are rolling out with a new construction product. Our crowd based platform allows us to offer competitive terms and flexible loan products.
- Single family residential, non-owner occupied (1 to 4 units)
- Up to 90% of purchase price and rehab budget (not to exceed 70% of ARV)
- Rates as low as 5.4% (simple interest) for qualified investors
- Deferred payment option. No monthly payments for term of loan (up to 12 months)
- Loans from $75,000 to $2,000,000
- Non-recourse loans (no personal guarantee required for loans under $500,000)
- No doc (no VOE, no tax returns, no pay stubs, no seasoning or sourcing of funds)
- Points are rolled into loan
- Close in as little as 7 days
Currently lending in: Alabama, Arizona, Colorado, DC, Florida, Georgia, Illinois, Maine, Maryland, Michigan, Minnesota, Missouri, North Carolina, New Jersey, New Hampshire, Nevada, Ohio, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington
Please contact me if you have any questions or want to discuss a file.