ATLANTA, Nov. 19, 2020 /PRNewswire/ — GROUNDFLOOR, the wealthtech platform that permits everybody to construct wealth by way of actual property, was acknowledged because the Greatest Lending Platform amongst the monetary service firms honored throughout Fintech Zoom’s International Fintech Awards final week.
The Fintech Zoom International Fintech Awards options firms in 35 completely different classes for his or her work creating optimistic and numerous change in monetary companies. Every class winner underwent two tough rounds of judging that ranked every nominee on their affect within the areas of funds, banking, investing, know-how, monetary literacy and extra. GROUNDFLOOR was additionally listed as a finalist for this yr’s Greatest Various Investments Platform.
“We based GROUNDFLOOR with a speculation that the revolution coming to non-public capital markets would profit entrepreneurs and particular person traders alike,” mentioned co-founder and CEO Brian Dally. “Our distinctive supply and construction of capital permits us to offer capital on phrases that no competitor can match. We’re honored to be acknowledged by Fintech Zoom this yr because the Greatest Lending Platform.”
A few of GROUNDFLOOR’s latest lending improvements embody:
- The Mortgage100 Program – Out there to skilled debtors, the Mortgage100 product gives financing for as much as 100% of complete challenge prices, together with buy and renovation (i.e. as much as 100% loan-to-Price).
- Decreased Origination Charges and Curiosity Charges: GROUNDFLOOR simply introduced a drop in its charges and rates of interest to additional help debtors. The decreased charges embody a lower of 1% throughout the board and as much as 1.5% off origination charges for qualifying debtors. This capacity to scale back charges is a direct results of GROUNDFLOOR’s elevated capability to finance larger-balance loans, together with efficiencies gained by the cumulative affect of leveraging proprietary know-how to streamline loan processing capability.
- New Development Loans in NC, FL and GA: With growing demand for residential new development tasks and restricted financing choices for small to mid-sized builders, GROUNDFLOOR is providing extremely versatile new development loans with non-recourse financing and enticing curiosity on disbursement phrases for certified builders.
Along with the Greatest Lending Platform Award from Fintech Zoom, GROUNDFLOOR has been acknowledged for quite a few different honors in 2020 together with: Inc. Journal’s Checklist of 5,000 Quickest Rising Corporations, the HousingWire Tech 100 Award, the Expertise Affiliation of Georgia’s Prime 10 Most Progressive Corporations, Atlanta Enterprise Chronicle’s Pacesetter Award and the Golden Bridge Award for Startup of the 12 months.
Based in 2013, GROUNDFLOOR opens non-public capital markets to all. GROUNDFLOOR was the primary firm certified by the U.S. Securities & Trade Fee to supply direct actual property debt investments through Regulation A for non-accredited and accredited traders alike. As we speak, it stays the one product providing everybody the flexibility to construct absolutely customizable actual property debt portfolios for short-term, high-yield returns. The corporate is headquartered in Atlanta and has raised $23.7 million in fairness capital from a wide range of sources, together with enterprise capital and on-line public fairness choices. As of its most up-to-date spherical of financing, the corporate is 23 p.c customer-owned.
Concerning the Fintech Zoom Fintech Awards
The Fintech Zoom Fintech Awards is an thrilling, forward-looking competitors to spotlight the businesses and people with essentially the most spectacular know-how, development and innovation who’re constructing the way forward for monetary companies and capital markets. This yr, Fintech Zoom is proud to have joined forces with Envestnet | Yodlee and Apex Clearing to facilitate essentially the most useful schooling and impactful networking within the rapidly altering house.