Summary
438 SOUTH 98TH PLACE #1, MESA, AZ is a $71,900 loan offering structured as a first lien position on a new construction project in MESA, AZ listed on Groundfloor.
The offering carries a stated rate of 8.5%, a term of 21 months, a loan-to-value of 47.9%, and a minimum investment of $10.
It is secured by Real estate at 438 SOUTH 98TH PLACE #1, AZ, and the borrowing entity is DC Kelly Investments LLC.
According to the offering circular, the loan is a first lien, on the property at SOUTH PLACE MESA. AZ 85208, with a 21-month term, a 8.5% rate to the borrower.
AltStreet tracks 3 other Groundfloor offerings in MESA, AZ, with disclosed rates ranging from 8.5% to 8.5%, and 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
- $71,900
- Stated rate
- 8.5%
- Term
- 21 months
- Loan-to-value
- 47.9%
- Position
- First Lien
- Minimum investment
- $10
- Project type
- New Construction
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- DC Kelly Investments LLC
- Status
- Active
- Target return
- 8.5%
- Collateral in place at close
- Yes
- Property address
- SOUTH PLACE MESA. AZ 85208
- Lien position
- First Lien
- Loan term
- 21 months
- Rate to borrower
- 8.5%
- Loan-to-ARV
- 47.9%
- Loan principal
- $71,900
- Maximum offering
- $71,900
- 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
8.5%
Above 15% of peers, median 10.5%. Low for the book.
Hold period
21 mo
Above 96% of peers, median 12 mo. High for the book.
Loan to value
47.9%
Above 7% of peers, median 67.9%. Low for the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 13 of them are in AZ, where the median disclosed rate is 10%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Filing Record
438 SOUTH 98TH PLACE #1, MESA, AZ 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
438 SOUTH 98TH PLACE #3, MESA, AZ
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438 SOUTH 98TH PLACE #2, MESA, AZ
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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 438 SOUTH 98TH PLACE #1, MESA, AZ?
438 SOUTH 98TH PLACE #1, MESA, AZ is a $71,900 loan offering structured as a first lien position on a new construction project in MESA, AZ listed on Groundfloor. The offering carries a stated rate of 8.5%, a term of 21 months, a loan-to-value of 47.9%, and a minimum investment of $10. It is secured by Real estate at 438 SOUTH 98TH PLACE #1, AZ, and the borrowing entity is DC Kelly Investments LLC.
What interest rate does 438 SOUTH 98TH PLACE #1, MESA, AZ pay?
The offering carries a stated rate of 8.5% over a term of 21 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 438 SOUTH 98TH PLACE #1, MESA, AZ?
The disclosed loan-to-value is 47.9% on the property in MESA, AZ. 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 438 SOUTH 98TH PLACE #1, MESA, AZ?
The securities are issued by GRE1.
What property backs 438 SOUTH 98TH PLACE #1, MESA, AZ?
The offering circular identifies the property as SOUTH PLACE MESA. AZ 85208. The loan is a first lien. Loan-to-after-repair-value is disclosed as 47.9%.
What is the minimum investment for 438 SOUTH 98TH PLACE #1, MESA, AZ?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 438 SOUTH 98TH PLACE #1, MESA, AZ 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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