Summary
24W523 LAKE STREET, ROSELLE, IL is a $122,360 loan offering structured as a first lien position on a purchase & renovation project in ROSELLE, IL listed on Groundfloor.
The offering carries a stated rate of 10%, a term of 15 months, a loan-to-value of 68%, and a minimum investment of $10.
It is secured by Real estate at 24W523 LAKE STREET, IL, and the borrowing entity is Lauk Enterprises LLC.
According to the offering circular, the loan is a first lien, on the property at 24W523 LAKE STREET, with a 15-month term, a 10% rate to the borrower.
across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.
Terms shown here are drawn from SEC filing 0001104659-22-074484 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
- $122,360
- Stated rate
- 10%
- Term
- 15 months
- Loan-to-value
- 68%
- Position
- First Lien
- Minimum investment
- $10
- Project type
- Purchase & Renovation
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- Lauk Enterprises LLC
- Status
- Active
- Target return
- 10%
- Collateral in place at close
- Yes
- Property address
- 24W523 LAKE STREET
- Lien position
- First Lien
- Loan term
- 15 months
- Rate to borrower
- 10%
- Loan-to-ARV
- 68%
- Loan principal
- $122,360
- Maximum offering
- $122,360
- Offering circular
- Form 1-A POS 0001104659-22-074484
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
10%
Above 25% of peers, median 10.5%. Low for the book.
Hold period
15 mo
Above 65% of peers, median 12 mo. Near the middle of the book.
Loan to value
68%
Above 50% of peers, median 67.9%. Near the middle of the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 199 of them are in IL, where the median disclosed rate is 10.5%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Filing Record
24W523 LAKE STREET, ROSELLE, IL 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 24W523 LAKE STREET, ROSELLE, IL?
24W523 LAKE STREET, ROSELLE, IL is a $122,360 loan offering structured as a first lien position on a purchase & renovation project in ROSELLE, IL listed on Groundfloor. The offering carries a stated rate of 10%, a term of 15 months, a loan-to-value of 68%, and a minimum investment of $10. It is secured by Real estate at 24W523 LAKE STREET, IL, and the borrowing entity is Lauk Enterprises LLC.
What interest rate does 24W523 LAKE STREET, ROSELLE, IL pay?
The offering carries a stated rate of 10% 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 24W523 LAKE STREET, ROSELLE, IL?
The disclosed loan-to-value is 68% on the property in ROSELLE, IL. 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 24W523 LAKE STREET, ROSELLE, IL?
The securities are issued by GRE1.
What property backs 24W523 LAKE STREET, ROSELLE, IL?
The offering circular identifies the property as 24W523 LAKE STREET. The loan is a first lien. Loan-to-after-repair-value is disclosed as 68%.
What is the minimum investment for 24W523 LAKE STREET, ROSELLE, IL?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 24W523 LAKE STREET, ROSELLE, IL 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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