6224 ELLIS ST, DOUGLASVILLE, GA

Summary

6224 ELLIS ST, DOUGLASVILLE, GA is a $152,990 loan offering structured as a first lien position on a purchase & renovation project in DOUGLASVILLE, GA listed on Groundfloor.

The offering carries a stated rate of 11%, a term of 6 months, a loan-to-value of 75%, and a minimum investment of $10.

It is secured by Real estate at 6224 ELLIS ST, GA, and the borrowing entity is Upscale Development LLC.

According to the offering circular, the loan is a first lien, on the property at 6224 ELLIS ST, DOUGLASVILLE. GA 30134, with a 6-month term, a 11% rate to the borrower.

AltStreet tracks 11 other Groundfloor offerings in DOUGLASVILLE, GA, with disclosed rates ranging from 8% to 16%, and across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.

Terms shown here are drawn from SEC filing 0001104659-21-128042 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: $152,990
Stated rate: 11%
Term: 6 months
Loan-to-value: 75%
Position: First Lien
Minimum investment: $10
Project type: Purchase & Renovation
Collateral: Real Estate
Return type: Interest
Borrowing entity: Upscale Development LLC
Status: Active
Target return: 11%
Collateral in place at close: Yes
Property address: 6224 ELLIS ST, DOUGLASVILLE. GA 30134
Lien position: First Lien
Loan term: 6 months
Rate to borrower: 11%
Repayment: Balloon payment principal and interest returned on repayment due at maturity.
Loan-to-ARV: 75%
Loan principal: $152,990
Maximum offering: $152,990
Offering circular: Form 1-A POS 0001104659-21-128042

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

11%

Above 57% of peers, median 10.5%. Near the middle of the book.

Hold period

6 mo

Above 0% of peers, median 12 mo. Low for the book.

Loan to value

75%

Above 95% of peers, median 67.9%. High for the book.

Compared against 4,323 other Groundfloor real estate offerings with a disclosed rate. 1,423 of them are in GA, where the median disclosed rate is 10.5%. A percentile places a disclosed term, not a result. Browse the full Groundfloor book.

Filing Record

6224 ELLIS ST, DOUGLASVILLE, GA 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.

Terminal Analysis

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Questions About This Offering

What is 6224 ELLIS ST, DOUGLASVILLE, GA?

6224 ELLIS ST, DOUGLASVILLE, GA is a $152,990 loan offering structured as a first lien position on a purchase & renovation project in DOUGLASVILLE, GA listed on Groundfloor. The offering carries a stated rate of 11%, a term of 6 months, a loan-to-value of 75%, and a minimum investment of $10. It is secured by Real estate at 6224 ELLIS ST, GA, and the borrowing entity is Upscale Development LLC.

What interest rate does 6224 ELLIS ST, DOUGLASVILLE, GA pay?

The offering carries a stated rate of 11% over a term of 6 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 6224 ELLIS ST, DOUGLASVILLE, GA?

The disclosed loan-to-value is 75% on the property in DOUGLASVILLE, GA. 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 6224 ELLIS ST, DOUGLASVILLE, GA?

The securities are issued by GRE1.

What property backs 6224 ELLIS ST, DOUGLASVILLE, GA?

The offering circular identifies the property as 6224 ELLIS ST, DOUGLASVILLE. GA 30134. The loan is a first lien. Loan-to-after-repair-value is disclosed as 75%.

What is the minimum investment for 6224 ELLIS ST, DOUGLASVILLE, GA?

The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.

Is 6224 ELLIS ST, DOUGLASVILLE, GA 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.