In the next to last installment of #17loans17days, we head to Atlanta’s historic Edgewood neighborhood for a special project with the Atlanta Police Foundation.
And if not, here’s your chance. We met with Jenna from the Atlanta Police Foundation last Fall. She was excited about the prospect of a partnership. After telling us about the APF’s Secure Neighborhoods Program, we all agreed that GROUNDFLOOR was a great fit to help bring the program to life.
The Secure Neighborhood initiative empowers sworn police officers to become homeowners by making housing affordable in communities where officers serve and protect. Through our partnership with APF, our growing community of lenders has the opportunity to earn big on their investments and make a big impact on the community.
The property in Edgewood at 146 Ericson Street was acquired by the Fulton County City of Atlanta Land Bank for just $10. The FCCA Lank Bank supplies properties to the APF for the Secure Neighborhood initiative. And that’s where GROUNDFLOOR and its community of lenders step in.
We took the Ericson loan live on November 23rd of last year; and many of you were quick to lend. The $75,000 loan at 7% over 12 months was funded by 101 of you. With the loan funded, renovation has begun; the home should be ready for a house warming this spring.
When you invest with GROUNDFLOOR, it’s more than just yield, it’s making an impact on the communities right in your back yard. Lending with GROUNDFLOOR is simple and transparent. You, the lender, browse our loans, select one (or more) that interest you, examine the accompanying details, and decide to invest with just a few clicks. We make it easy to earn high yields while doing some good.
Invest today before you miss our Cheers to 2 Years! promotion. We’ll add $100 to any investment of $500 or more today and tomorrow.