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Asset Management Monthly Update — February 2025

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 February. 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.

February AM

Loan Repayments

Groundfloor recorded 59 loan repayments in February. A total of 914 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 February saw a total of $16,254,954. Interest volume for February returned $1,529,542.

Rate of Return

During the month of February, the rate of return was 10.44%. Groundfloor continues to uphold an impressive overall rate-of-return of 9.89%, signifying sustained strength and performance over an extended period.

Loss Ratio

In February, Groundfloor encountered 3 losses, resulting in a loss rate of 2.46%. The last twelve month average loss ratio stands at 1.93%. Groundfloor maintains an impressively low overall historical loss rate of 0.86%.

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: 

2007 Riverside Dr

  • The loan matured in March of 2024.
  • The borrower completed work on the project and listed for sale however was also seeking to refinance the property as well.
  • There was ongoing communication between the borrower and Groundfloor Asset Management  members throughout the process with several deals falling out both for the sale of the property and the refinance
  • File was referred to foreclosure in January 2025
  • Borrower continued to work on refinance as the foreclosure process began
  • The property was sold and the loan repaid in February 2025 with a full principal including default interest to investors

3113-3115 Central Ave

  • The loan matured in June of 2024
  • The borrower continued to make efforts to refinance and repay the Groundfloor loan however there were significant delays
  • The borrower ultimately decided to sell the property
  • File was referred to foreclosure in January 2025
  • During the foreclosure process, the borrower was able to secure a buyer to purchase the property
  • The property was sold and the loan repaid in February 2025 with principal plus interest to investors

February 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.

2701 Citrus Ave. Fort Pierce FL

(Purchase and Renovation)

Total Loan Amount: $228,208

Term: 12 months

Repaid Date: February 20th, 2025

Property sold at: $329,000

 

21423 Bailey Dr. Carrolton VA 

(New Construction)

Total Loan Amount: $384,970

Term: 18 months

Repaid Date: February 26th, 2025

Property Sold For: $544,000 

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