Real estate crowdfunding platform Groundfloor today launched Loan Origination Network, a new opportunity for mortgage brokers and third-party originators to access new loan opportunities.
The benefits include:
- Rates beginning at six per cent
- Deferred payment option
- Low documentation
- Closing times beginning at seven days
- Costs rolled into loan principal
- Fee discounts for high-volume partners
- Partners are assigned their own business development manager
“Our retail investor demand is growing at a rate of more than 15 percent 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,” co-founder and CEO Brian Dally said.
“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. She is the ideal executive to build our new Loan Origination Network, which will be critical in helping us meet national demand.”
Ms. Valentine brings more than 25 years of experience to her new role. She has held executive-level and sales positions for National City Bank, PCFS/Provident Bank, Frontline Capital Partners & Ford Consumer Finance.
“I’m excited to join Groundfloor and help the team scale and achieve its sales goals,” Ms. Valentine said. “Groundfloor’s unique business model brings something different to the real estate investment market and is offering a growing number of diversified products to meet the needs of borrowers and investors.”