Fairness – Most well-liked
$243,407,782
08/15/2022
Atlanta, Georgia
Actual Property & Building
GROUNDFLOOR, with a valuation of $243 million, is elevating funds on Wefunder. The platform permits everybody to construct wealth via real-estate lending. The GROUNDFLOOR platform originates and underwrites loans for residential actual property initiatives. The loans are then transformed into LROs that may be invested in by particular person traders. GROUNDFLOOR has over 200,000 registered customers and reported $14.1 million in income in 2021. Brian Dally and Nick Bhargava based GROUNDFLOOR in January 2013. The present crowdfunding marketing campaign has a minimal goal of $50,002 and a most goal of $4,999,991. The marketing campaign proceeds might be used for buyer acquisition, product growth, and hiring.
Abstract Revenue and Loss Assertion
|
Income |
$11,220,099 |
$5,451,538 |
|
COGS |
$1,363,150 |
$611,436 |
|
Tax |
$0 |
$0 |
|
|
||
|
|
||
|
Web Revenue |
$-3,948,774 |
$-4,786,633 |
Abstract Stability Sheet
|
Money |
$2,641,950 |
$1,429,172 |
|
Accounts Receivable |
$0 |
$0 |
|
Complete Belongings |
$192,996,368 |
$71,949,680 |
|
Quick-Time period Debt |
$192,858,384 |
$73,416,711 |
|
Lengthy-Time period Debt |
$134,865 |
$138,680 |
|
Complete Liabilities |
$192,993,249 |
$73,555,391 |
Financials as of: 08/15/2022
Elevate Historical past
| GROUNDFLOOR | 04/30/2023 | Wefunder | $243,407,782 | $0 | Fairness – Most well-liked |
Energetic |
RegCF |
| GROUNDFLOOR | 06/30/2019 | Self Managed | $51,848,310 | $3,012,894 | Fairness – Most well-liked |
Funded |
RegA+ |
| GROUNDFLOOR | 06/30/2018 | Self Managed | $27,287,500 | $4,228,670 | Fairness – Frequent |
Funded |
RegA+ |
