Summary
614 & 616 SHERMAN AVENUE, SOUTH BEND, IN is a $92,870 loan offering structured as a first lien position in SOUTH BEND, IN listed on Groundfloor.
The offering carries a stated rate of 12%, a term of 15 months, a loan-to-value of 10%, and a minimum investment of $10.
It is secured by Real estate at 614 & 616 SHERMAN AVENUE, IN, and the borrowing entity is Property Bros LLC.
According to the offering circular, the loan is a first lien, on the property at SHERMAN AVENUE SOUTH BEND. IN 46616, with a 15-month term, a 12% rate to the borrower.
AltStreet tracks 9 other Groundfloor offerings in SOUTH BEND, IN, with disclosed rates ranging from 10% to 13.5%, 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
- $92,870
- Stated rate
- 12%
- Term
- 15 months
- Loan-to-value
- 10%
- Position
- First Lien
- Minimum investment
- $10
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- Property Bros LLC
- Status
- Active
- Target return
- 12%
- Collateral in place at close
- Yes
- Property address
- SHERMAN AVENUE SOUTH BEND. IN 46616
- Lien position
- First Lien
- Loan term
- 15 months
- Rate to borrower
- 12%
- Loan-to-ARV
- 10%
- Loan principal
- $92,870
- Maximum offering
- $92,870
- 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
12%
Above 74% of peers, median 10.5%. High for the book.
Hold period
15 mo
Above 65% of peers, median 12 mo. Near the middle of the book.
Loan to value
10%
Above 0% of peers, median 67.9%. Low for the book.
Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 97 of them are in IN, where the median disclosed rate is 10%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.
Filing Record
614 & 616 SHERMAN AVENUE, SOUTH BEND, IN 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
1048 DIAMOND AVENUE, SOUTH BEND, IN
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1254 PORTAGE AVE #1, SOUTH BEND, IN
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534 ALLEN STREET, SOUTH BEND, IN
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540 BLAINE AVENUE, SOUTH BEND, IN
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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 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN?
614 & 616 SHERMAN AVENUE, SOUTH BEND, IN is a $92,870 loan offering structured as a first lien position in SOUTH BEND, IN listed on Groundfloor. The offering carries a stated rate of 12%, a term of 15 months, a loan-to-value of 10%, and a minimum investment of $10. It is secured by Real estate at 614 & 616 SHERMAN AVENUE, IN, and the borrowing entity is Property Bros LLC.
What interest rate does 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN pay?
The offering carries a stated rate of 12% 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 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN?
The disclosed loan-to-value is 10% on the property in SOUTH BEND, IN. 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 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN?
The securities are issued by GRE1.
What property backs 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN?
The offering circular identifies the property as SHERMAN AVENUE SOUTH BEND. IN 46616. The loan is a first lien. Loan-to-after-repair-value is disclosed as 10%.
What is the minimum investment for 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 614 & 616 SHERMAN AVENUE, SOUTH BEND, IN 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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