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.
Please note: This will be the final post in the current format as we are in the process of revamping the Asset Management blog. We’re excited about what’s to come, and while the timeline is still to be determined, we appreciate your continued readership and look forward to sharing the new experience with you soon.
Within this segment, we present insights into the metrics relating to the loan portfolio performance for the month of July. 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 70 loan repayments in July. A total of 882 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:
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Repayment & Interest Volume
The repayment volume for the month of July saw a total of $14,473,169. Interest volume for July returned $1,131,952.
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Rate of Return
During the month of July, the rate of return was 8.81%. Groundfloor continues to uphold an impressive overall rate-of-return of 9.91%, signifying sustained strength and performance over an extended period.
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Loss Ratio
In July, Groundfloor encountered 4 losses, resulting in a loss rate of 2.99%. The last twelve month average loss ratio stands at 2.12%. Groundfloor maintains an impressively low overall historical loss rate of 0.94%.
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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.
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Lastly, we present a full view into our overall loan portfolio over the last twelve months, broken out into expanded detail for your assessment.
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.
