The Effect of Origination Growth on Quality: An Empirical Analysis of Loan Vintages

The Effect of Origination Growth on Quality: An Empirical Analysis of Loan Vintages

When Groundfloor was just getting started five years ago, critics and cynics objected with what we nicknamed “the Groucho Marx problem” -- i.e. the idea that no borrower we wanted would ever accept a loan from us. We’ve been lending for four years now, and lending extensively in non-Atlanta area markets for just over two years of that time. As our 2017 Year In Review indicates, volume has grown significantly. 

With another year of growth ahead, it’s a good time to ask: How have we done? The data shows the positive impact of ongoing improvements in our risk management, underwriting and asset management: A significant improvement in on-time repayment, without realizing a large reduction in net yield.

2017 Year in Review

2017 Year in Review

Groundfloor take a look back at the progress the company made in 2017. 

Groundfloor is Going Nationwide

Groundfloor is Going Nationwide

Today we’re pleased to announce that Groundfloor’s product offering has been qualified by the U.S. Securities & Exchange Commission under Tier II of Regulation A. Read about the path we took to arrive at this milestone and how we're preparing to go nationwide in 2018.

2017 Year-End Diversification Analysis

2017 Year-End Diversification Analysis

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.

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.