Summary
2709 BAYVIEW BLVD #1, PORTSMOUTH, VA is a $208,560 loan offering structured as a first lien position in PORTSMOUTH, VA listed on Groundfloor.
The offering carries a stated rate of 12%, a term of 12 months, a loan-to-value of 68.6%, and a minimum investment of $10.
It is secured by Real estate at 2709 BAYVIEW BLVD #1, VA, and the borrowing entity is Empire Real Estate LLC.
According to the offering circular, the loan is a first lien, on the property at 2709 BAYVIEW BLVD. PORTSMOUTH, VA 23707, with a 12-month term, a 12% rate to the borrower.
AltStreet tracks 8 other Groundfloor offerings in PORTSMOUTH, VA, with disclosed rates ranging from 9.6% to 13%, and across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.
Terms shown here are drawn from SEC filing 0001104659-22-012795 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
- $208,560
- Stated rate
- 12%
- Term
- 12 months
- Loan-to-value
- 68.6%
- Position
- First Lien
- Minimum investment
- $10
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- Empire Real Estate LLC
- Status
- Active
- Target return
- 12%
- Collateral in place at close
- Yes
- Property address
- 2709 BAYVIEW BLVD. PORTSMOUTH, VA 23707
- Lien position
- First Lien
- Loan term
- 12 months
- Rate to borrower
- 12%
- Loan-to-ARV
- 68.6%
- Loan principal
- $208,560
- Maximum offering
- $208,560
- Offering circular
- Form 1-A POS 0001104659-22-012795
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
12%
Above 74% of peers, median 10.5%. High for the book.
Hold period
12 mo
Above 19% of peers, median 12 mo. Low for the book.
Loan to value
68.6%
Above 53% of peers, median 67.9%. Near the middle of the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 72 of them are in VA, where the median disclosed rate is 11%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Filing Record
2709 BAYVIEW BLVD #1, PORTSMOUTH, VA 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 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA?
2709 BAYVIEW BLVD #1, PORTSMOUTH, VA is a $208,560 loan offering structured as a first lien position in PORTSMOUTH, VA listed on Groundfloor. The offering carries a stated rate of 12%, a term of 12 months, a loan-to-value of 68.6%, and a minimum investment of $10. It is secured by Real estate at 2709 BAYVIEW BLVD #1, VA, and the borrowing entity is Empire Real Estate LLC.
What interest rate does 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA pay?
The offering carries a stated rate of 12% over a term of 12 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 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA?
The disclosed loan-to-value is 68.6% on the property in PORTSMOUTH, VA. 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 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA?
The securities are issued by GRE1.
What property backs 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA?
The offering circular identifies the property as 2709 BAYVIEW BLVD. PORTSMOUTH, VA 23707. The loan is a first lien. Loan-to-after-repair-value is disclosed as 68.6%.
What is the minimum investment for 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 2709 BAYVIEW BLVD #1, PORTSMOUTH, VA 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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