Real estate crowdfunding platform launches loan origination network

Debora Valentine has joined Groundfloor to lead the buildout of the network

Real estate crowdfunding platform launches loan origination network
Real estate crowdfunding platform Groundfloor has launched a loan origination network to offer additional loan opportunities to mortgage brokers and third-party originators.

As part of the move, the company appointed mortgage industry veteran Debora Valentine as senior vice president for business development to build the network.

Through Groundfloor’s platform, brokers can now offer customers with low-cost capital for fix-and-flip projects. The company said borrowers can access investment capital while enabling individual investors to earn more return on investment with access to short-term, high-yield investments. Typical available interest rates range from 6% to 14% on terms of six to 12 months.

Groundfloor said other benefits include a unique deferred payment option, low documentation, closing in as little as seven days, costs rolled into loan principal, and discounted fees for high-volume partners. Partners are also assigned a dedicated business development manager.

"Our retail investor demand is growing at a rate of more than 15% per month, and with our first institutional buyer on board, we are better positioned than ever to provide our mortgage broker clients with financing that addresses their clients' demand for low-cost capital as well as their emerging business needs," Groundfloor CEO and co-founder Brian Dally said.

Valentine brings more than 25 years of experience in sales to the company’s senior leadership team. In her role, she will lead the team tasked to build the loan origination network. Valentine previously held various executive-level and sales positions for companies such as National City Bank, PCFS/Provident Bank, Frontline Capital Partners, and Ford Consumer Finance.

"We are also thrilled to have Debora Valentine on board as she is an experienced leader with a proven record of increasing sales and profits,” Dally said. “She is the ideal executive to build our new loan origination network, which will be critical in helping us meet national demand."


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