Groundfloor Avaliações 

This is my second review of Groundfloor and the song remains the same. What started out as a 12 month loan with an expected ROI of 10% turned into a 15.35 month loan with an ROI of 1.9%. I guess that might be slightly better than I could have done in a savings account. Be very careful before you entrust your retirement savings to this organization. All of my remaining loans through Groundfloor are either in default or in what they call work out mode which means they are not being paid as agreed to by the person who got the loan.

I invested with a play money of $1,000 just to test the water, starting late July 2021. Their platform allocated the funds to 33 Notes each of them worth $30. I tried to put the funds in most conservative options to mitigate the risk. Fast forward after approximately two years, I've got only $950.44 which includes the Principal plus interests of 30 Notes. I'm currently sitting on 3 Default Notes (worth total nominal value of $90) with no certain time frame to recover my funds. Given the high inflation rates in past two years, I've not even been able to restore my original $1K and underwater more than algebraic sum of -$49.56. I think they need to revise their underwriting criteria before offering the loans to investors. There are certainly much stronger and more robust Crowd Funding Platform out there. On my part it was a Pilot Project with a small fund to check these folks. They certainly failed.

This company never forecloses on these properties. I'm infested in 13 loans right now all of them are in default most of them have been that way for over a year and they still haven't even attempted to foreclose. My money is just tied up and not going anywhere and my returns are drying up while I wait. Don't invest here. Find someplace else to put your money.

I’ve invested well over $500,000 on dozens and dozens of properties and in note funds since 2018. Several investments have defaulted, to which I accepted the risk. However, Groundfloor has no regard for their investors it has taken 3+ years and they still can’t even bother to provide updates. Is it too much to ask for an update? I’m sitting on $30,000+ of money owed. Why do I have to send 20 emails to get any info? Sloppy sloppy company, and I would definitely avoid investing any money you aren’t comfortably able to lose.

This company is completely dishonest and misleading. A majority of all investments I have made with them have gone to default, despite their claims of high success. I would highly recommend other alternative investments.

The rates never pay out what they say. My 8.5% return did not give me an actual 8.5% but rather 5.5%. However, my negative 9.1% actually took 9.2% of my investment. Shady math and both these properties paid as far as I can tell and were given lengthy extension. I wouldn't mind the extensions if I were actually making what they claim I would. I'm also still trying to figure out my loss as there is very little up front info or easily found info on your investments so in the end I have no idea what went down with this.

I've been investing for over 3 years now. Yes, it is taking longer to get repaid but its Real Estate. It's taking longer for investors to get permits and work completed. This is something everyone needs to be realistic when investing. Since investing, I seen foreclosures on properties but GF has always paid their debt to the investors. I also invest in their notes. Maybe consider that instead of properties. You're paid monthly on interest earned and the principal is paid on completion.

I invested in a real estate project about a year and a half ago. It was supposed to be a six month investment. A year and a half later still haven't received a single penny back no update just nothing from these people save your money don't wast it with these people!!!!!!!

This company is a very trustworthy and secured platform for investment, there is no scam existance in this company, i love investing my money with them

100% of my C level LRO (20 of them) are in default after almost two years since in investing. Most of the loans were with 6 months duration. I started getting negative rates of return of 50% in actual loss of investment which they calculate and present as 20% negative rate of return. I am slowly moving all my investments out of GF as it seems they are in a massive default risk at the moment. Stay out of Groundfloor and avoid getting rekt.

I posted a "2 Star" review in June '22 and had hoped that by this time the platform would have evolved into something more predictable and informative. It hasn't. After 18 months of investing, the same issues still persist without any signs of improvement. Most notably, loan maturity dates continue to be meaningless. They indicate nothing other than the point in time in which the loans will transition from "Perform" to "Extended" status.....which they almost always do. Once extended, the loans drift away into the ether. Information on status and/or when/how they will be closed is practically non-existent. At best, cryptic one-line quips are provided keeping you submerged in the gray zone. You essentially know nothing on the future of your loans as the weeks, then months pass by. My stats:

- 86.1% of loans extended
- On average, loans that eventually closed were extended 107 days beyond their maturity date
- On average, loans that are still open are 240 days beyond maturity date, and counting
- 13.9% of loans went into default, but half these were eventually paid

I badly want the GF platform to work and become a significant part of my investment portfolio. The concept is great, but the execution is severely lacking and arguably stressful. My advice would be to use it like you would a slot machine in Vegas. Throw in a little money and try to have fun, but for sure don't invest an amount that would have a significant impact if lost or if tied up for months on end.

This was a fantastic company in the start of it. Then they became shady. I needed to modify my account information and now they have my money they refuse the bank I've been using since I opened My account and give me no access to my funds.
They are essentially forcing me to continue to invest or do nothing. They told Me My bank was no longer acceptable that they do better with more well known banks. They refused to send me a check or close my account. They are robbing me of 400 dollars.

I would like to fault the current administration, who took a booming real estate market and demolished it. I will continue to invest with Groundfloor and hope for new leadership. Go Brandon. (sorry).

Scam. Almost most of loans (10+) ran into delays. ITs been multiple years and still have to recover my invested principal for multiple loans. Forget the interest. Underwriting and rating of loans are too loose, and company seems is not investing required amount and resources to recover unpaid loans....

My first two investments went well. They were very timely in repayment. The last two investments I made are both in a "workout" situation. I think that this is going to take months to years to resolve. In the meantime, my capital is tied up. I believe that I would have been better off investing in REITs that pay a monthly or quarterly dividend. And REITs can be bought or sold at any time on a brokerage exchange.

I have been with Groundfloor since the very beginning. Recently they enabled business accounts and I have also joined as one. While early investors have seen the equity price increase, the quality of loans, payback for investors, and growth have all gone downhill these past two years (2020-2022). My A and B loans have about a 45% delayed or default rate. I have loans from 2019 that have yet to be repaid. The 6 month term on those has gone on too long! Almost four years ffs! How long will you keep "reaching out to borrower"? Just foreclose already. Still, I would now not bother to invest. Payback takes 2x-5x longer and you are not collecting any interest during that time. What's even the point of putting capital at risk when the timeline goes out 3-5 extra years and we don't get any compensation (interest or otherwise) for delays? Don't risk your funds. They were good in the beginning but since 2020 have just gone continually downhill. I am not confident they will recover and get back to high quality all around.

No comment. I really enjoy using real estate investment product.

Extremely great potential of loans going into default and foreclosure modes. Leading to principal locked in without any guarantees of retrieving. Invest only if you are ready to lose your invested principal and have no regrets. Foreclosure processes takes months to years.

Effective, efficient, regular high rate returns.

I have been investing in Groundfloor for more than seven years. They keep my informed of what's going on with the properties where I have my money and are always coming up with new products. This has been a simple way for me to invest in small amounts and grow my money gradually. My returns have been so much higher than any bank could offer.