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 NumbersWithin 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.
Groundfloor recorded 85 loan repayments in April. A total of 891 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 $18,603,518. Interest volume for April returned $2,000,829.
Rate of Return
During the month of April, the rate of return was 10.67%. Groundfloor continues to uphold an impressive overall rate-of-return of 9.91%, signifying sustained strength and performance over an extended period.
Loss Ratio
In April, Groundfloor encountered 6 losses, resulting in a loss rate of 2.05%. The last twelve month average loss ratio stands at 1.91%. Groundfloor maintains an impressively low overall historical loss rate of 0.88%.
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:
2385 Prospect Ave
- The loan matured in January of 2024.
- Through April of 2024 the borrower continued to work on a refinance to repay the loan with Groundfloor however was unsuccessful.
- File was referred to foreclosure in August 2024
- Borrower listed the property and made efforts to sell during the foreclosure
- The property was sold and the loan repaid in April 2025 with full principal plus interest to investors
- The property was first listed for sale in April 2024
- The loan matured in October 2024
- In February 2025 the borrower requested a short pay approval which was denied by Groundfloor Asset Management with instructions to re-list the property.
- File was referred to foreclosure in April 2025
- Borrower was able to secure a contract and repay the loan.
- Groundfloor Investors received back full principal plus default interest upon repayment
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.
541 Forest Springs Dr. Gatlinburg TN
(New Construction)
Total Loan Amount: $597,6900
Term: 18 months
Repaid Date: April 1st, 2025
Property Sold For: $1,225,000
7 Wood St. Honesdale PA
(Purchase and Renovate)
Total Loan Amount: $139,995
Term: 12 months
Repaid Date: April 1st, 2025
Property Sold For: $200,000
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
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- Take a look at our Borrower Spotlight
- Check out our recent Monthly Market Trends Blog
- Read our Asset Management Supplement