Company Adds 15 New Loans in Seven States, Opens Door For More Non-Accredited Investors to Earn 12 Percent on Their Dollar
Online, October 26, 2015 (Newswire.com) - LAS VEGAS--Today on the main stage at Money20/20, GROUNDFLOOR, the first and only real estate lending marketplace open to non-accredited investors, will announce that the company is introducing three new tools that expand peer-to-peer real estate lending. The new tools enable quick comparison of loans, automated investing and in-depth analysis of loan grading factors.
"The alternative lending industry has caught fire, but many are wondering, what happened to the other P in P-to-P?"
Since announcing its historic qualification by the SEC on August 31, 2015, the company has tripled daily investing volume and sold out every loan originally listed. Lender demand exceeded loan supply, despite lender participation being limited to an invite-only basis while loan inventory builds. This week, GROUNDFLOOR will introduce three times the volume of loans available to investors. With 15 new loans in seven states available, GROUNDFLOOR will begin inviting more investors to join in. Everyone awaiting an invitation as of October 28th will receive one.
"The alternative lending industry has caught fire, but many are wondering, what happened to the other P in P-to-P?" said Brian Dally, co-founder & CEO of GROUNDFLOOR. "In an industry increasingly dominated by institutions, we're opening the door for self-directed retail investors to earn short-term, high-yield returns backed by real estate. If you like LendingClub or Prosper, you're going to love GROUNDFLOOR."
This afternoon, as part of the LaunchPad 360 session on the main stage of the Money20/20 conference, CEO Brian Dally and Software VP Chris Schmitt will demonstrate the new tools, including:
Automated Investing
Automated investing allows investors to select the amount they want to invest each month, the recurring date to initiate the funds transfer and the percentage allocated to each loan grade on GROUNDFLOOR. It's the first automated tool available in P-to-P real estate lending, allowing investors to diversify their portfolio without manually checking for opportunities on a daily or weekly basis. Investors will be able to view a dashboard of their automatic investments and simply add, modify or delete to tailor their portfolio.
Quick Loan Comparison and In-Depth Analysis
With new loans being added regularly, investors will be able to take advantage of a loan comparison tool that stacks loans side by side for quick review. Investors can use the tool to shortcut the manual process of reviewing and selecting loans one by one.
Paired with a new in-depth analysis view, investors can assess and diversify their investments with more control than ever before. Every loan detail page now displays a standardized dashboard of loan grading factors, including underlying data sources for enthusiasts who want to dig into the details.
GROUNDFLOOR also announced a new promotion at Money20/20. Investors who fund their account and invest at least $2,500 will receive a deposit of $100 on top, yielding up to an additional four percent right out of the gate, before their first loan has repaid.
"Our team has worked tirelessly to introduce tools and loans that simply have not been available to self-directed investors before," said Nick Bhargava, co-founder and EVP of regulatory affairs, GROUNDFLOOR. "Today we're opening up even more of a $70 billion market in private real estate lending, and we're bullish about expanding further in the months ahead."
To sign up for GROUNDFLOOR please visit: www.groundfloor.us/
For press resources, please visit: www.groundfloor.us/press
About GROUNDFLOOR:
GROUNDFLOOR is the first and only real estate lending marketplace open to non-accredited investors. We open the door to short-term, high-yield returns backed by real estate. Typical loans have returned 12 percent annually on a six- to 12-month term.
GROUNDFLOOR was founded in 2013 by Brian Dally and Nick Bhargava. The company is headquartered in Atlanta, Georgia with a fast-growing team on a mission to reformat and open private capital markets for the benefit of individual investors and the investments they fund.
Fund your account today at www.groundfloor.us/.
Source URL: http://businesswire.com/news/home/20151026006118/en
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