Groundfloor Review
Founded 2013 · Atlanta, GA
3.8
Editor Rating
Groundfloor is a unique lending platform that crowdfunds fix-and-flip loans from individual investors, enabling competitive rates for borrowers. A good option for flippers looking for an alternative to traditional hard money.
Editor's Take
Groundfloor occupies a unique niche — their crowdfunding model connects borrowers with individual investors, creating a different dynamic than institutional lenders. The main advantages are no prepayment penalties (rare for hard money) and accessibility for first-time flippers. The trade-off is higher origination fees and a lower max loan amount. Best for smaller flips where you want the flexibility to sell quickly without penalty.
— Bill Rice, 30+ year mortgage lending veteran
Pros & Cons
Pros
- No prepayment penalties — sell early without penalty
- Works with first-time flippers
- Low minimum credit score (600)
- Transparent pricing and terms
- Lower minimum loan amount
Cons
- Not available in all states
- Higher origination fees (2–4 points)
- Max loan amount lower than competitors ($1M)
- Crowdfunding model can mean variable availability
Loan Products Offered
Eligible Property Types
Best For
Compare Groundfloor
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. ProInvestorHub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.