Summary
2315 MICHIGAN AVE, PANAMA CITY, FL is a $139,970 loan offering structured as a first lien position on a purchase & renovation project in PANAMA CITY, FL listed on Groundfloor.
The offering carries a stated rate of 9.5%, a term of 9 months, a loan-to-value of 70%, and a minimum investment of $10.
It is secured by Real estate at 2315 MICHIGAN AVE, FL, and the borrowing entity is No Name Properties LLC.
According to the offering circular, the loan is a first lien, on the property at 2315 MICHIGAN AVE, PANAMA CITY, FL 32405, with a 9-month term, a 9.5% rate to the borrower.
AltStreet tracks 11 other Groundfloor offerings in PANAMA CITY, FL, with disclosed rates ranging from 8.3% to 12%, and across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.
Terms shown here are drawn from SEC filing 0001104659-21-128042 and were captured by AltStreet on 2026-05-31. Figures are as disclosed at the time of the offering and are not updated for subsequent performance.
Disclosed Terms
- Offering amount
- $139,970
- Stated rate
- 9.5%
- Term
- 9 months
- Loan-to-value
- 70%
- Position
- First Lien
- Minimum investment
- $10
- Project type
- Purchase & Renovation
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- No Name Properties LLC
- Status
- Active
- Target return
- 9.5%
- Collateral in place at close
- Yes
- Property address
- 2315 MICHIGAN AVE, PANAMA CITY, FL 32405
- Lien position
- First Lien
- Loan term
- 9 months
- Rate to borrower
- 9.5%
- Repayment
- Balloon payment principal and interest returned on repayment due at maturity.
- Loan-to-ARV
- 70%
- Loan principal
- $139,970
- Maximum offering
- $139,970
- Offering circular
- Form 1-A POS 0001104659-21-128042
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
9.5%
Above 22% of peers, median 10.5%. Low for the book.
Hold period
9 mo
Above 13% of peers, median 12 mo. Low for the book.
Loan to value
70%
Above 71% of peers, median 67.9%. High for the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 872 of them are in FL, where the median disclosed rate is 10%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Filing Record
2315 MICHIGAN AVE, PANAMA CITY, FL is offered under Groundfloor's Regulation A (Form 1-A) program, a single SEC registrant that covers 1,266 tracked offerings. The program's filing history runs from 1-A on Mar 24, 2023 to 1-K on Apr 1, 2026. Those filings describe the program, not this loan; the terms above are this offering's own.
13 audited annual statements are on file for this issuer.
From SEC EDGAR, as filed. Issuer filing history.
Other Offerings by the Same Borrowing Entity
Terminal Analysis
Terminal analysis for this offering
Terminal access unlocks rate, LTV, and term percentiles against every tracked peer, the borrower's prior-loan repayment record, the full valuation and cost stack, and more.
Access full researchQuestions About This Offering
What is 2315 MICHIGAN AVE, PANAMA CITY, FL?
2315 MICHIGAN AVE, PANAMA CITY, FL is a $139,970 loan offering structured as a first lien position on a purchase & renovation project in PANAMA CITY, FL listed on Groundfloor. The offering carries a stated rate of 9.5%, a term of 9 months, a loan-to-value of 70%, and a minimum investment of $10. It is secured by Real estate at 2315 MICHIGAN AVE, FL, and the borrowing entity is No Name Properties LLC.
What interest rate does 2315 MICHIGAN AVE, PANAMA CITY, FL pay?
The offering carries a stated rate of 9.5% over a term of 9 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 2315 MICHIGAN AVE, PANAMA CITY, FL?
The disclosed loan-to-value is 70% on the property in PANAMA CITY, FL. 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.
Who is the issuer of 2315 MICHIGAN AVE, PANAMA CITY, FL?
The securities are issued by GRE1.
What property backs 2315 MICHIGAN AVE, PANAMA CITY, FL?
The offering circular identifies the property as 2315 MICHIGAN AVE, PANAMA CITY, FL 32405. The loan is a first lien. Loan-to-after-repair-value is disclosed as 70%.
What is the minimum investment for 2315 MICHIGAN AVE, PANAMA CITY, FL?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 2315 MICHIGAN AVE, PANAMA CITY, FL still open to investors?
AltStreet's record shows the offering as active. AltStreet tracks this offering from SEC filings, last captured 2026-05-31. 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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