Financing solutions to support your real estate activity
WWith all the real estate financing options available, it can be difficult to know which one is right for you. So what are your options for funding your next project?
Cash (Equity): most expensive capital and could limit the volume of your project
Bank loan: requires current credit and will not provide high levels of finance debt – meaning your equity must be greater than your debt
Home equity loan: good risks at a risk of personal assets as collateraI
Private lenders: high leverage but capital participation limits upward meaning you are held on to the equity the private lender can offer
Hard money lenders: fast, but expensive and aggressive in a recovery situation (“ready to own”)
None of these are right for you? There is another option. GROUNDFLOOR is an experienced alternative lender that combines the best elements of all of the above to give you flexible terms and the most money on hand. Last year alone, GROUNDFLOOR made more than 600 loans worth an average of $ 177,000 to real estate investors carrying out residential projects across the country. The company has funded more than 1,200 projects since its inception.
As far as figures are concerned, GROUNDFLOOR’s prices and tariffs are simple and transparent. Borrowers must pay an application / subscription fee of $ 250, interest, points (usually 1-2, which can also be funded in the loan), and $ 1,250 management / processing fee. And, since the company understands how important it is to have access to as many funds as possible during your project, you have the flexibility to defer your loan repayments until the end of the term.
But these numbers are only part of the reason GROUNDFLOOR has moved away from traditional lending sources. Real estate investors appreciate the customer-friendly and customer-centric approach:
- North Carolina real estate investor Julian Montoya said what stood out “was the effort they put into contacting me and guiding me through the process to make me as easy as possible. task”.
- With over 16 years of real estate experience and over 100 projects completed to date, husband and wife team John and Nikkia Holmes reveal why their experience working with GROUNDFLOOR has been exceptional: “Their customer service is absolutely awesome – he’s just as attentive and kind as the culture at Chick-Fil-A! At any time [we] have questions or concerns, a team member is always there to answer them.
- John Constatine, a veteran with 15 flips to his credit, differentiates GROUNDFLOOR from the competition on the basis of constant communication: “I like it with GROUNDFLOOR, it’s teamwork – there is always someone (be it my sales rep or another member of the team) in communication with me to check on the project, see how things are going and make sure I have what I have need.