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Asset Management Monthly Update — April 2024

Our monthly Groundfloor Asset Management series remains committed to highlighting key performance metrics and other relevant data managed by our Asset Management team. In this month's blog, we continue to deliver the key metrics you expect from this series, as well as provide highlights from the month.

By The Numbers

Within this segment, we present insights into the metrics relating to the loan portfolio performance for the month of April. Our assessment will encompass loan payoffs, repayment and interest volume, rate of return, and loss ratios. Additionally, we have included comprehensive views of our loan performance states and a detailed overview of the data from the last twelve months.



Loan Repayments

Groundfloor recorded 95 loan repayments in April. A total of 950 loans have been paid over the last 12 months.

Notwithstanding the continued economic challenges, ongoing asset management efforts have contributed to stability in loan repayment activity. Despite factors such as inflation, rising interest rates, and borrower struggles, the performance rates for loan repayments have remained consistent. 

Below is a monthly breakdown of the loans repaid and repayment volume over the last twelve months:

Repayment & Interest Volume

The repayment volume for the month of April saw a total of $25,150,489. Interest volume for April returned $2,661,710.

Rate of Return

During the month of April, the rate of return was 10.33%. Groundfloor continues to uphold an impressive overall rate-of-return of 9.85%, signifying sustained strength and performance over an extended period.

Loss Ratio

In April, Groundfloor encountered 3 losses, resulting in a loss rate of 0.20%. The last twelve month average loss ratio stands at 1.02%. Groundfloor maintains an impressively low overall historical loss rate of 0.57%.

Further Detail

Groundfloor identifies three distinct loan states within our portfolio: Current, Extended, and Default. The charts below offer a month-over-month depiction of repayments from all loan portfolio states for the last twelve months. Losses are reflected within the default loan state.


Lastly, we present a full view into our overall loan portfolio over the last twelve months, broken out into expanded detail for your assessment.

Highlights from the Month

Here are some of the notable loan achievements from last month: 

1604 Forrest Ave

  • The loan matured in September of 2023.
  • Groundfloor Asset Management continued to engage with the borrower throughout the extension period. 
  • Borrower was able to successfully repay the loan in April 2024, returning principal and interest to investors.

101 Eagle Point Drive

  • This loan matured in September 2023.
  • The borrower struggled to refinance the loan after multiple attempts. After continued delays, Groundfloor moved forward with a foreclosure action to drive the borrower to repay the loan.
  • Foreclosure began in April 2024.
  • Borrower was able to successfully repay the loan after the file moved to Default in April.

April Project Spotlights

We're highlighting some of the properties that were repaid last month and showcasing their before-and-after outcomes in the section below.

1005 Pickett PL SW. Vienna VA

(New Construction)

Total Loan Amount: $1,212,110

Term: 18 months

Repaid Date: April 5, 2024

Property Sold For: $2,340,000


350 Sugar Mountain Way, Pigeon Forge TN

(Cash Out Refinance)


Total Loan Amount: $278,643

Term: 12 months

Repaid Date: April 17, 2024

Property Sold For: $606,900


Review your Groundfloor Investor Account

To review your current portfolio's performance, and discover and invest in new LRO's, please visit your Investor Account here and your Auto Investor Account through the Groundfloor app.

If you don’t have an Auto Investor Account, transfer funds today via the app for easier automated investing. 

Further Reading:

Have Questions or Comments?

Please reach out to customer support at support@groundfloor.us or 404-850-9223, Monday through Friday, 9am – 5pm EST.