ATLANTA, Jan. 23, 2019 /PRNewswire/ -- Today, Atlanta-based GROUNDFLOOR is launching new investment opportunities specific to Georgia residents. The crowdsourced real estate investing and lending platform regularly offers investment opportunities to accredited and non-accredited investors throughout the country. Due to the federal shutdown and furloughs at the Securities and Exchange Commission, GROUNDFLOOR is now resurfacing state-by-state securities to continue to offer investors the opportunity to invest on a fractional, self-directed basis in Georgia real estate.
Through the state's Invest Georgia Exemption, originally created in 2011, GROUNDFLOOR plans to begin offering new investment opportunities for both accredited and non-accredited investors alike in Georgia. So long as an investor is a resident of the state, the individual can select from a portfolio of Georgia-specific real estate fix-and-flip projects and invest with as little as $10. Since its founding, GROUNDFLOOR's annual returns have averaged over 10%, with maturities ranging from 6 to 12 months.
In addition to fix-and-flip projects, GROUNDFLOOR is announcing a brand new investment opportunity for Georgia residents. Available today, "GROUNDFLOOR GA Notes" offer a fixed 5% annualized return in a 90-day investment period, which is more than four times the average annualized CD interest rate for one-quarter the holding period. At the 90-day maturity point, the GROUNDFLOOR investor can withdraw their principal and earned interest or roll over into another 90-day investment period. Similar to GROUNDFLOOR's real estate loan offerings, the notes product is collateralized and secured by underlying real estate assets.
"Georgia originally launched the Invest Georgia Exemption to provide an accessible regulatory framework for local companies needing access to capital," said Secretary of State Brad Raffensperger. "We're glad that companies are able to return to this framework to help raise capital."
"We moved to Atlanta to launch our company because of the pro-business climate created by the Invest Georgia Exemption," said Brian Dally, CEO and Co-founder of GROUNDFLOOR, which has raised $13.8M in equity capital to date. "There's no question that IGE is the strongest statewide regulatory framework, and we're thankful to resurface it as one of the many tools we're utilizing to continue offering investment and lending opportunities during the federal shutdown."
Founded in 2013 by Brian Dally and Nick Bhargava, GROUNDFLOOR opens private capital markets to a broader base of both investors and real estate entrepreneurs. GROUNDFLOOR was the first company qualified by the U.S. Securities & Exchange Commission to offer direct real estate debt investments via Regulation A for non-accredited and accredited investors alike. Today, it remains the only product offering a customizable real estate debt portfolio for short-term, high-yield returns. For real estate entrepreneurs, GROUNDFLOOR offers borrower friendly loan terms like a deferred payment option to give developers more control over their cash flow.
For more information on GROUNDFLOOR or to set-up an investor account, visit www.groundfloor.com.
Georgia Secretary of State Securities Division Disclaimer:
Use of the Invest Georgia Exemption does not mean that the Secretary of State Securities Division has verified, in any way, upon the truth, completeness, or accuracy of the information filed by the issuer, the merits of the securities offered, or has recommended or given approval to such security or transaction. Investing is risky. Investors should conduct their own due diligence before investing in any security and must be able to afford the loss of their entire investment.