The last few weeks have been pretty exciting at GROUNDFLOOR. We’ve welcomed two new interns and seen record-breaking investment activity. There’s more… We recently released an updated version of our loan detail page offering you more insight into each loan live on our site. Keep scrolling for a walkthrough of the new loan detail page.
The loan summary section has been reorganized to display relevant information at the very top of the screen. You will see the property address, a link to the borrower profile, loan details like grade, rate, term, and more, and a button to invest in just one click.
Financial Overview, Grade Factors, Valuation Sources
These three boxes are a completely new addition to the loan detail page and offer you insight into how we determine a loan grade and rate. In the financial overview box you will see a visual representation of the borrower’s capital stack including the GROUNDFLOOR loan, other loans, and project costs. The grade factors box displays the factors we use in our loan grading algorithm and how the particular project scores in each category. The valuation sources box offers borrower-provided information like comps and appraisals as well an estimate from Zillow.
This new section summarizes information about the borrower for a particular project making it simple for you to learn more without leaving the loan detail page. You will see information specific to the borrower and the borrower’s company including projects with and outside of GROUNDFLOOR.
Click through to the investments page and see the new loan detail page for any of our existing loans. Then tell us what you think via email at firstname.lastname@example.org. We’re always happy to hear your feedback and answer your questions.