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Learn At Lunch Via Zoom

with... James McGowan

GroundFloor - funding for residential projects

Thursday, August 1, 2024 12:00 PM - 1:00 PM

GROUNDFLOOR is a direct lender for residential fixn-flip projects as well as new construction and ground up builds. All of our loans are true deferred interest
loans. No monthly payments for the life of the loan. In addition, GROUNDFLOOR is an investment platform, allowing accredited and non-accredited investors alike to direct invest in our loans.

 

Speaker: James McGowan

Loan Highlights:

  • 80-100% of purchase and rehab costs not to exceed 70% LTARV (experience driven). [We can now offer junior/2nd loans to cover down payment requirements for 100% financing, Full Stack Financing (Experience driven). Project must qualify. Standard flip loans only].
  • Loan amount up to $1,000,000 and as low as $75,000
  • Loans are for single-family 1-4 unit residential real estate projects
  • 12-month terms
  • Rates ranging from 10.5% - 14%
  • 640 minimum credit score
  • We look back 5 years for Experience. Completed flips and-or rental properties qualify 

The meeting will be hosted online at Zoom.com The meeting link will be emailed to you upon pre-registration - RETAIN THIS EMAIL! Please note, download Zoom on your device of choice, register for your free account and test your device for audio/camera/microphone capabilities.

VERY IMPORTANT!! Just like checking in at our in-person meetings, to enable us to check you in for the meeting your Zoom name must match your NCREIA account name - we need both first and last name to identify you.


Free Event

Date:  Thursday, August 1, 2024
Time:  12:00 PM - 1:00 PM


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