Groundfloor take a look back at the progress the company made in 2017.
n July, we published an analysis quantifying the effect diversification had on the range of returns realized in the portfolios of over 2,400 Groundfloor investors up until that time. With 2017 now behind us, we’ve updated and enhanced that analysis. The data now includes 2,950 portfolios, with over 209 loans repaid representing $21 million in principal invested.
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 firstname.lastname@example.org. 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.
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...