Summary
608 IDEAL WAY #7, CHARLOTTE, NC is a $108,730 loan offering structured as a first lien position on a new construction project in CHARLOTTE, NC listed on Groundfloor.
The offering carries a stated rate of 10%, a term of 12 months, a loan-to-value of 69.6%, and a minimum investment of $10.
It is secured by Real estate at 608 IDEAL WAY #7, NC, and the borrowing entity is Charlotte Home Buyers LLC.
According to the offering circular, the loan is a first lien, on the property at 608 IDEAL WAY, CHARLOTTE NC 28203, with a 12-month term, a 10% rate to the borrower.
AltStreet tracks 62 other Groundfloor offerings in CHARLOTTE, NC, with disclosed rates ranging from 6.9% to 15.6%, and across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.
Terms shown here are drawn from SEC filing 0001104659-21-084682 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
- $108,730
- Stated rate
- 10%
- Term
- 12 months
- Loan-to-value
- 69.6%
- Position
- First Lien
- Minimum investment
- $10
- Project type
- New Construction
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- Charlotte Home Buyers LLC
- Status
- Active
- Target return
- 10%
- Collateral in place at close
- Yes
- Property address
- 608 IDEAL WAY, CHARLOTTE NC 28203
- Lien position
- First Lien
- Loan term
- 12 months
- Rate to borrower
- 10%
- Repayment
- Balloon payment principal and interest returned on repayment due at maturity.
- Loan-to-ARV
- 69.6%
- Loan principal
- $108,730
- Maximum offering
- $108,730
- Offering circular
- Form 1-A POS 0001104659-21-084682
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
12 mo
Above 19% of peers, median 12 mo. Low for the book.
Loan to value
69.6%
Above 62% of peers, median 67.9%. Near the middle of the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 321 of them are in NC, where the median disclosed rate is 10%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Filing Record
608 IDEAL WAY #7, CHARLOTTE, NC 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
608 IDEAL WAY #5, CHARLOTTE, NC
CHARLOTTE, NC · Real Estate
3314 ANSON ST #1, CHARLOTTE, NC
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3314 ANSON ST #2, CHARLOTTE, NC
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608 IDEAL WAY #6, CHARLOTTE, NC
CHARLOTTE, NC · Real Estate
608 IDEAL WAY #1, CHARLOTTE, NC
CHARLOTTE, NC · Real Estate
608 IDEAL WAY #2, CHARLOTTE, NC
CHARLOTTE, NC · Real Estate
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 608 IDEAL WAY #7, CHARLOTTE, NC?
608 IDEAL WAY #7, CHARLOTTE, NC is a $108,730 loan offering structured as a first lien position on a new construction project in CHARLOTTE, NC listed on Groundfloor. The offering carries a stated rate of 10%, a term of 12 months, a loan-to-value of 69.6%, and a minimum investment of $10. It is secured by Real estate at 608 IDEAL WAY #7, NC, and the borrowing entity is Charlotte Home Buyers LLC.
What interest rate does 608 IDEAL WAY #7, CHARLOTTE, NC pay?
The offering carries a stated rate of 10% 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 608 IDEAL WAY #7, CHARLOTTE, NC?
The disclosed loan-to-value is 69.6% on the property in CHARLOTTE, NC. 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 608 IDEAL WAY #7, CHARLOTTE, NC?
The securities are issued by GRE1.
What property backs 608 IDEAL WAY #7, CHARLOTTE, NC?
The offering circular identifies the property as 608 IDEAL WAY, CHARLOTTE NC 28203. The loan is a first lien. Loan-to-after-repair-value is disclosed as 69.6%.
What is the minimum investment for 608 IDEAL WAY #7, CHARLOTTE, NC?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 608 IDEAL WAY #7, CHARLOTTE, NC 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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