In response to gov. shutdown, GROUNDFLOOR opens investments for Georgians

GROUNDFLOOR, an Atlanta-based real estate crowdsourced and investment and lending platform that offers investment opportunities to both accredited and non-accredited investors across the country, is launching new investment opportunities specifically for Georgians.

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."

SOURCE GROUNDEFLOOR
Edited by V. Haviland

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