The New & Improved Monthly Statement

The New & Improved Monthly Statement

I'm Chris Schmitt, VP of Software for Groundfloor. Having been a major part of the building and development of Groundfloor since the very beginning, on one hand it's satisfying to see how our product has grown from humble beginnings to what it is today. We've come a long way.

But like many startups, when it comes to product development, we're never satisfied. We thrive on customer feedback. Our roadmap and ideas for improvements and new features is big, always growing and never-ending. In the face of it, we offset limited budgets and limited staff with unlimited passion for what we do. We prioritize bang for the buck, and celebrate even what might sometimes seem like small wins--especially wins for the individual investors and real estate entrepreneurs we serve.

Today, we're releasing our newest such improvement for investors: Our redesigned Monthly Statement.

The new monthly statement is a huge step forward compared to its past iterations. For one, you can now download a PDF version of your Groundfloor Investor Account and IRA Account statements. But the improvements don't end there.

We've also added:

  • New charts depicting Historical Account Value and Historical Earnings in a graphical format
  • A clear accounting of the change in your account value during the month
  • Increased transaction-level detail for the month
  • Improved loan-level portfolio detail as of month-end

Investors should watch their inbox for a notification that their new statement is ready. Check it out and let us know what you think below, or by emailing support@groundfloor.us. Our team is excited to hear feedback... and get back to work on the next improvements and new features to continue making Groundfloor even better.

Lend Academy Podcast Featuring Brian Dally

Lend Academy Podcast Featuring Brian Dally

Last week Brian Dally, Co-Founder and CEO of Groundfloor, jumped on the Lend Academy podcast to talk about personal investing and what drives our mission to offer access to non-accredited and accredited investors like.

 In this episode you will hear renown industry analyst Peter Renton talk with Brian about:

  • Where the idea for Groundfloor come from
  • Why we decided to start in the real estate asset class
  • How we originate loans
  • How our securities offering is structured.
  • And much more...

Click here to head to Lend Academy and check out the podcast, read the transcript here, or play it below!

Introducing the Groundfloor Loan Origination Network

Introducing the Groundfloor Loan Origination Network

Today we’ve taken an important step toward balancing overwhelming investor demand with a more steady and radically larger supply of Groundfloor loans. This post explains why we’re launching our loan origination network now, how it works and what it means for current and future Groundfloor investors.

Introducing Our New Community Standards Policy

Introducing Our New Community Standards Policy

For those of you reading this who I’ve not yet helped or talked with, I’m Michelle Garrison, director of customer relations for Groundfloor. Since joining the company over six months ago, I’ve really enjoyed serving and getting to know our investors. Our executive team has asked me to take on an additional, new responsibility for Community Management. As part of that, I’m pleased to introduce our Community Standards Policy.

Groundfloor offers a unique financial product, in a unique way. No other “real estate crowdfunding” or “peer-to-peer lending” company out there allows non-accredited and accredited investors alike to participate directly in real estate loans with the full power of choice, without a middleman running your portfolio. We believe everyone should have the opportunity to participate in such private market investments this way. It is our company’s particular mission, purpose and values that have guided four years of effort and over $7 million in capital required to make this possible.

Our mission to “raise finance to the power of us” has much to do with the values and rules for behind our new community standards. We have always encouraged participation from and the contributions of our community of customers and onlookers. This is natural for a participatory product and platform such as ours. We often receive product suggestions from customers that we build upon to keep improving the platform and our service. We are grateful for the engagement of our users and for caring enough to comment and to help us continue to improve as a company.  And, of course, sometimes we’ve taken criticism, and have also used it as an opportunity to educate, inform and engage.

However, a few contributors along the way have unfortunately taken to using our community for purposes that are not congruent with our own. Our new Community Standards Policy establishes boundaries that when crossed will pose consequences to the posting privileges for these contributors. As we evolve and enforce the new rules, we can all look forward to a higher quality of discussion amongst a broader array of contributors. We’re aiming to foster constructive collaboration, while not becoming yet another outlet for bullies and fear mongers whose main impact is to silence and drive away others.

Our policy is posted and will be maintained online. Read it to learn more about the purpose, objective, values, rules and procedures as they currently stand. I will be responsible, in close collaboration with other members of the Groundfloor executive team, for overseeing the evolution and application of the policy. In the spirit of collaboration, let us know what you think in the comments below. We stand ready to consider additions, edits and clarifications that will further the purpose of fostering “dialog among and between people interested in Groundfloor, its products and the markets it serves.”

Announcing Monthly Payment Loans

Announcing Monthly Payment Loans

This week, we're pleased to release our first monthly payment loans for investment. Read about how our new monthly payment loan feature works and what investors can expect.