About
Groundfloor Lending is an Atlanta-based direct private lender founded in 2013, with over 6,400 loans funded and $1.8B+ in capital deployed across 32 states. Groundfloor's lending arm is distinguished by its unique deferred interest structure - no monthly payments until the loan repays - combined with points and fees financed into the loan, making it one of the most cash-flow-friendly fix-and-flip lenders available. They offer bridge, rehab, and ground-up construction loans for residential investors, with a soft credit pull only (no hard inquiry), no tax returns required, and closings in as few as 5 business days.
Where They Lend
32 States
Groundfloor Lending operates in 32 states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Washington D.C., Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin.
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Loan Types, Structures and Terms
$75,000 to $2,500,000
Typical Loan Amounts
6 to 24 Months
Typical Terms
9.00% to 15.00%
Typical Interest Rates
2.00% to 4.00%
Typical Points
Groundfloor offers Fix-and-Flip ARV bridge loans for purchase and rehab, short-term bridge loans for as-is acquisitions and refinances, and ground-up construction loans - all with deferred interest payment structures and no hard credit pulls.
Groundfloor Fix-and-Flip loans offer up to 100% LTC for experienced investors with deferred interest payments until payoff, points and fees financed into the loan, and closings in as few as 5 business days - maximizing cash flow throughout the flip.
| Fix & Flip Feature | Structure & Terms |
|---|
| Project Types | 1-4 Family residential, condos, townhomes. Non-owner occupied only. Urban and suburban areas. Minimum property value $50,000. No commercial properties, no rural locations. |
| Loan Limits & Terms | $75,000 to $2,500,000 | 6 to 24 months | Interest-only, first-lien | No prepayment penalties | Points and origination financed into the loan |
| Rates & Fees | Rates starting at 9% | Origination 2% to 4% | No hard credit pull | Deferred interest payments - nothing owed until loan repays | Appraisal required, BPO never accepted |
| Leverage Ratios (LTC/ARV) | Experienced (680+ FICO, 4+ deals in 5 years): Up to 100% LTP + 100% LTC, max 70% ARV | First-timers: Conservative leverage applied | Cash-out refi: Max 60% LTV |
| Key Advantages | Closes in as few as 5 business days. Proof of funds letters available. Auction purchases accepted. No tax returns. Interest deferred until payoff protects cash flow throughout your FlipperForce flip timeline. |
Groundfloor Ground-Up Construction loans offer up to 85% LTC with deferred interest until payoff, no development experience required, and will lend on partially completed projects - giving builders maximum flexibility with minimal cash flow burden.
| Construction Feature | Structure & Terms |
|---|
| Project Types | Non-owner occupied single-family homes and small residential construction. Partially completed construction projects considered. Minimum property value (ARV) $50,000. |
| Loan Limits & Terms | $75,000 to $2,500,000 | 6 to 24 months | Interest accrues on funds drawn | No development experience required to apply |
| Leverage Ratios (LTC/ARV) | Max land purchase: 85% LTP | Max construction costs: 85% LTC | Max completed value: 70% LTCV |
| Experience Required | No development experience required. First-time builders considered. More experienced builders may access better leverage. Five-year lookback on qualifying experience. |
| Rates & Fees | Rates from 9% | Deferred interest until payoff | No hard credit pull | No tax returns | Will lend on partially completed construction projects |
Groundfloor Short-Term Bridge loans provide fast-close capital with deferred interest payments until payoff for as-is acquisitions and refinances, closing in as few as 5 business days with no hard credit pull and no tax returns required.
| Bridge Loan Feature | Structure & Terms |
|---|
| Use Cases | As-is purchases (stabilized, no value-add), rate-term refinances, and cash-out refinances on non-owner occupied residential properties. Land loans up to 40% LTV for development projects only. |
| Property Types | 1-4 family residential, condos, townhomes. Non-owner occupied only. No commercial, no rural, no 2nd mortgages, no gap funding. Minimum property value $50,000. |
| Loan Limits & Terms | $75,000 to $2,500,000 | 6 to 24 months | Interest-only, first-lien | No prepayment penalties | Purchase: Max 80% LTP | Refi (no cash-out): Max 80% LTV | Cash-out: Max 60% LTV |
| Rates & Fees | Rates from 9% | Origination 2% to 4% financed into the loan | Deferred interest - no payments until payoff | No hard credit pull | No tax returns required |
| Structural Advantages | Closes in as few as 5 business days. Proof of funds letters available. Auction purchases accepted. Soft credit pull only - no hard inquiry. |
Borrower Qualifications (Are you qualified?)
Groundfloor qualifies borrowers based on the deal, the property value, and a soft credit pull - no hard inquiry, no tax returns, and no financial documentation required. First-time investors are considered with conservative leverage; experienced investors can access up to 100% LTC. Business entities required.
| Qualification Parameter | Lender Requirements |
|---|
| Experience Levels | All Levels Welcome. First-time investors considered with more conservative leverage. Experienced investors (4+ deals in the past 5 years with 680+ FICO) may qualify for up to 100% LTC and 100% LTP on fix-and-flip deals. Five-year lookback on qualifying experience. |
| Credit Requirement | 640 Minimum FICO. Soft credit pull only - no hard inquiry on your credit file. Credit check is required but will not impact your credit score. |
| Income Verification | No Tax Returns Required. No W-2s, no financial documentation required for most programs. Asset-based underwriting focused on the deal and the property. |
| Entity Requirement | Business Entity Required. Lends to LLCs, Limited Partnerships, and Corporations. Does not lend to individuals. Personal guaranty always required. |
Underwriting Process (How long will it take to get approved?)
Groundfloor underwrites in-house using a soft credit pull only - no hard inquiry, no tax returns. Appraisal always required before funding (BPO never accepted). Typical close in 10 business days, fastest in 5 business days.
| Stage / Requirement | Process & Timelines |
|---|
| Initial Review | Apply at lending.groundfloor.com. In-house underwriting focused on the deal and property - not the borrower's income. Loan application and soft credit pull required only. |
| Credit Check | Soft pull only. Minimum 640 FICO required. No hard inquiry - credit score is not impacted by the application. No tax returns, no income documentation for most programs. |
| Property Valuation | Appraisal always required before funding. BPOs never accepted. Appraisal cost: $495 to $895, paid to a third-party appraiser. All programs require first-lien position. |
| Speed to Close | Typical close in 10 business days; fastest close in 5 business days on qualifying deals with a complete application package. No prepayment penalties on any program. |
Draw Process (How long will it take to get draws?)
Groundfloor's draw structure is unique: rather than a traditional reimbursement draw, renovation funds are structured into the loan upfront and interest accrues on the total project cost from day one. No waiting on draws - contractors get paid on your schedule, not the lender's.
| Operational Step | Methodology & Timelines |
|---|
| Funding Structure | Upfront renovation budget. Unlike reimbursement-based draw systems, Groundfloor structures rehab funds into the loan at closing. Borrowers access their renovation budget as needed without waiting for inspection approvals before each payment. |
| Interest Accrual | Interest accrues on entire project cost from day one - not just on funds drawn. This simplifies budgeting and eliminates draw-by-draw delays, but means interest runs on the full rehab budget even before work begins. |
| Deferred Payments | True deferred interest payments - no monthly payments required during the loan term. All interest accrues and is paid in full at loan maturity/payoff. This significantly improves cash flow throughout your FlipperForce project timeline. |
| Fees at Closing | Points and origination fees financed into the loan - not paid out of pocket at closing. Also: $750 underwriting fee, $500 processing fee, $995 legal fee, $495-$895 appraisal fee. No prepayment penalties on any program. |
