Microlending Company Creates New Investment Opportunities For
Non-Accredited Investors To Develop Local Communities While Generating
Mutually Beneficial Returns
the first microlending community for real estate, today announced its
headquarters in Atlanta, Georgia. This comes immediately after the
company raised $1 million in seed round funding from angel investors
including Michael Olander, Bruce Boehm, Mark Easley Sr. and Inception
Micro-Angel Fund. The company selected Georgia as its new home to grow
its business due to the state’s progressive stance on crowdfunding
policies and citizen-backed real estate development. The company has
joined the Atlanta Tech Village and plans to make at least five
strategic hires from the Atlanta area before the end of the year.
GROUNDFLOOR creates new investment opportunities for non-accredited
investors and streamlines access to financing for independent builders
looking to fund their next project. Once a project is listed, community
members can back builders with secured loans that pay 8-12% annually.
For builders, the community makes real estate financing simple and
transparent and provides choice and flexibility to drive economic
development across the state of Georgia.
“Georgia is the ideal headquarters for GROUNDFLOOR as investment
crowdfunding grows nationally. With the support of the state and the
early adopters behind our pilot projects here, we’re already seeing how
real estate microlending can play a role in the development of local
communities,” said Brian Dally, CEO and co-founder, GROUNDFLOOR.
“Georgia is arguably the most forward-thinking state on issues related
to crowdfunding, and we’re proud to help the state establish itself as a
birthplace of the real estate crowdfunding economy.”
GROUNDFLOOR selected Georgia as the state continues to prosper under
progressive and innovative legislation. Following the 2012 housing
collapse, Georgia has made significant strides to boost economic
growth. It is now the number one most
competitive state in the nation and the best
state for businesses.
“GROUNDFLOOR is a fantastic example of the types of business innovation
that will continue to build Georgia’s economy and create opportunities
for our residents,” said Georgia Secretary of State Brian Kemp. “Because
of the Invest Georgia Exemption, crowdfunding is taking off in Georgia
ahead of other states that are still waiting for the SEC to rewrite and
approve parts of the JOBS Act. We will continue to work tirelessly to
attract the next wave of innovators and jobs all across Georgia.”
As one of the only two states in the nation, Georgia welcomed
equity-based crowdfunding in 2011 with the Invest
Georgia Exemption, which allows companies to sell debt or equity
securities to non-accredited and accredited state residents. The
exemption aims to create jobs, open new business ventures, and expand
existing operations. For-profit companies based in Georgia can raise up
to $1 million annually from non-accredited and accredited investors
alike. Non-accredited Georgia residents can invest up to $10,000 per
company. The exemption also fuels a high growth economy that once
existed only in California and New York.
To learn more about GROUNDFLOOR, please visit https://www.groundfloor.us.
GROUNDFLOOR is the first microlending community for real estate.
Together we back independent builders with secured loans that pay 8-12%
Founded in March 2013 by Brian Dally and Nick Bhargava, GROUNDFLOOR is
headquartered in Atlanta, Georgia, with a fast-growing team of
crowdfunding, real estate and community development experts.
For more information, visit: https://www.groundfloor.us.
John Robert Reed, 512-567-9768