Real estate investment company Groundfloor is expanding its product offerings and launching a new product that will enable accredited investors to finance the development of residential properties
The new product, Groundfloor Bridge Loans, will provide short-term financing for developers who are looking to quickly purchase and develop residential properties. The loans will have a term of 12 months and will be interest-only, with no prepayment penalties.
Groundfloor Bridge Loans will be available to accredited investors through the Groundfloor platform, which is accessible via the company's website. Accredited investors will be able to review loan terms and conditions, as well as information on the properties that are being financed.
The launch of Groundfloor Bridge Loans comes as the real estate investment company looks to expand its product offerings beyond its traditional fix-and-flip loans. The new product is designed to meet the needs of a broader range of customers, including developers who are looking for financing for larger projects.
"We're excited to launch this new product and provide our customers with even more options when it comes to financing their real estate investments," said Brian Dally, CEO of Groundfloor. "Bridge loans are a natural extension of our product offerings, and we're confident that they will be popular with our accredited investor base."
For more information on Groundfloor Bridge Loans or to access the platform, please visit our website.
Contact us:
Mail: [email protected]
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