Summary
1018-1020 E 57th St, Los Angeles, CA is a $491,593 loan offering structured as a first lien position in Los Angeles, CA listed on Groundfloor.
The offering carries a stated rate of 11.5%, a term of 15 months, and a loan-to-value of 65.55%.
It is secured by Purchase and renovation. CHUCKY'S CORPORATION borrower with 0 prior completed projects (entity OR principal). Loan funded 6/3/2026. ACTIVE STRESS: platform updates 5/8/2026 and 6/2/2026 confirm borrower is evicting tenant and seeking external refinance to exit Groundfloor. PQA March 12, 2026. First West Coast property in current inventory, and the borrowing entity is CHUCKY'S CORPORATION.
According to the offering circular, a 11.5% rate to the borrower.
across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.
Terms shown here are drawn from website disclosures and were captured by AltStreet on 2026-06-03. Figures are as disclosed at the time of the offering and are not updated for subsequent performance.
Disclosed Terms
- Offering amount
- $491,593
- Stated rate
- 11.5%
- Term
- 15 months
- Loan-to-value
- 65.55%
- Position
- First Lien
- Collateral
- Real Estate
- Return type
- Interest
- Tax document
- 1099-INT
- Borrowing entity
- CHUCKY'S CORPORATION
- Status
- Active
- Target return
- 11.5% yield
- Senior secured
- Yes
- Launched
- 2026-01-29
- Rate to borrower
- 11.5%
Terms as disclosed at the time of the offering. AltStreet does not update these figures for subsequent performance, and a disclosed rate is not a realized return.
Where It Sits in Groundfloor's Book
Disclosed rate
11.5%
Above 69% of peers, median 10.5%. High for the book.
Hold period
15 mo
Above 65% of peers, median 12 mo. Near the middle of the book.
Loan to value
65.55%
Above 41% of peers, median 67.9%. Near the middle of the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 25 of them are in CA, where the median disclosed rate is 12.5%. This offering is one of 9 Groundfloor real estate offerings launched in 2026. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Terminal Analysis
Terminal analysis for this offering
Terminal access unlocks rate, LTV, and term percentiles against every tracked peer, the full valuation and cost stack, grade and realized outcome, and more.
Access full researchQuestions About This Offering
What is 1018-1020 E 57th St, Los Angeles, CA?
1018-1020 E 57th St, Los Angeles, CA is a $491,593 loan offering structured as a first lien position in Los Angeles, CA listed on Groundfloor. The offering carries a stated rate of 11.5%, a term of 15 months, and a loan-to-value of 65.55%. It is secured by Purchase and renovation. CHUCKY'S CORPORATION borrower with 0 prior completed projects (entity OR principal). Loan funded 6/3/2026. ACTIVE STRESS: platform updates 5/8/2026 and 6/2/2026 confirm borrower is evicting tenant and seeking external refinance to exit Groundfloor. PQA March 12, 2026. First West Coast property in current inventory, and the borrowing entity is CHUCKY'S CORPORATION.
What interest rate does 1018-1020 E 57th St, Los Angeles, CA pay?
The offering carries a stated rate of 11.5% over a term of 15 months, as disclosed at the time of the offering on Groundfloor. Stated rates are not guaranteed returns; repayment depends on the borrower and the underlying collateral.
What is the loan-to-value on 1018-1020 E 57th St, Los Angeles, CA?
The disclosed loan-to-value is 65.55% on the property in Los Angeles, CA. For fix-and-flip and construction lending, this ratio is typically measured against after-repair value rather than the current as-is value, so it reflects a projected valuation rather than a realized one.
When did 1018-1020 E 57th St, Los Angeles, CA launch and close?
The offering launched on 2026-01-29. AltStreet records its status as active.
Is 1018-1020 E 57th St, Los Angeles, CA still open to investors?
AltStreet's record shows the offering as active. AltStreet tracks this offering from platform disclosures, last captured 2026-06-03. Offering status changes without a corresponding filing in many cases, so current availability should be confirmed directly with Groundfloor before acting.
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