Groundfloor Reviews 403

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.

I was looking for a solution for short-term investing outside of the stock market. Groundfloor offers a unique style of real estate backed debt investments which generate consistent returns that are hard to match on other platforms. Diversification across multiple properties is made simple with the $10 minimum. I have had occasion to work with Support a few times and have received excellent service. I would highly recommend Groundfloor to any investor looking for consistent returns with the flexibility of having their money available in the short term.

I am one of the small investors and a senior citizen; my savings would be in a savings account if I hadn't been introduced to Groundfloor. Groundfloor has set up easy-to-understand information about each property, plus I get the opportunity to help others make money while also getting a very profitable return on my investment.

I love ground floor it's so much fun picking properties is inproperties to invest in with his little Liz $10 a house with no toilets to fix no rehab just watch your money come in and invest in another property property great platform easy to use. I love it I do wish they had more notes and go back to letting us invest a $100 in dollars in their notes that would be great

The loans with GROUNDFLOOR are taking way too long to be repaid. 6 month loans are being paid back in 12-15 month time span.
And only receiving a dollar more. The percentage that is shown as the rate of return seems to be a little off. The numbers shown seem to be higher than what is being paid. Also, only being shown very vague robotic updates on the status of the properties that are over due. Taking wayyyy too long.

I AM VERY SATISFIED WITH MY GROUNDFLOOR EXPERIENCE.

More loans than expected have been deferred or defaulted and this has led to a reporting of returns much less than expected. I think that expectations could be set better and more realistically or the reporting needs to change to reflect more accurate long term expected returns. Maybe it’s just the first year or two that returns are so much lower because of the high amount of deferred payments. But it seems like the risk is s higher than expected and the returns are lower.