Summary
6587 RUNLET WAY, REX, GA is a $85,320 loan offering structured as a first lien position on a purchase & renovation project in REX, GA listed on Groundfloor.
The offering carries a stated rate of 11%, a term of 12 months, a loan-to-value of 69.37%, and a minimum investment of $10.
It is secured by Real estate at 6587 RUNLET WAY, GA, and the borrowing entity is PAPILOTON DEVELOPER LLC..
According to the offering circular, the loan is a first lien, on the property at 6587 RUNLET WAY, with a 12-month term, a 11% rate to the borrower.
across 4,355 tracked Groundfloor offerings the median disclosed rate is 10.5%.
Terms shown here are drawn from SEC filing 0001144204-18-064611 and were captured by AltStreet on 2026-09-24. Figures are as disclosed at the time of the offering and are not updated for subsequent performance.
Disclosed Terms
- Offering amount
- $85,320
- Stated rate
- 11%
- Term
- 12 months
- Loan-to-value
- 69.37%
- Position
- First Lien
- Minimum investment
- $10
- Project type
- Purchase & Renovation
- Collateral
- Real Estate
- Return type
- Interest
- Borrowing entity
- PAPILOTON DEVELOPER LLC.
- Status
- Active
- Target return
- 11%
- Collateral in place at close
- Yes
- Property address
- 6587 RUNLET WAY
- Lien position
- First Lien
- Loan term
- 12 months
- Rate to borrower
- 11%
- Loan-to-ARV
- 69.37%
- Loan principal
- $85,320
- Maximum offering
- $85,320
- SEC qualified
- 2018-12-14
- Offering circular
- Form 1-A POS 0001144204-18-064611
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
12 mo
Above 19% of peers, median 12 mo. Low for the book.
Loan to value
69.37%
Above 59% of peers, median 67.9%. Near the middle of 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
6587 RUNLET WAY, REX, GA is offered under Groundfloor's Regulation A (Form 1-A) program, a single SEC registrant that covers 3,079 tracked offerings. The program's filing history runs from 1-A on Oct 4, 2022 to 1-K on Apr 1, 2026. Those filings describe the program, not this loan; the terms above are this offering's own.
7 supplements with pricing figures and 19 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 6587 RUNLET WAY, REX, GA?
6587 RUNLET WAY, REX, GA is a $85,320 loan offering structured as a first lien position on a purchase & renovation project in REX, GA listed on Groundfloor. The offering carries a stated rate of 11%, a term of 12 months, a loan-to-value of 69.37%, and a minimum investment of $10. It is secured by Real estate at 6587 RUNLET WAY, GA, and the borrowing entity is PAPILOTON DEVELOPER LLC..
What interest rate does 6587 RUNLET WAY, REX, GA pay?
The offering carries a stated rate of 11% 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 6587 RUNLET WAY, REX, GA?
The disclosed loan-to-value is 69.37% on the property in REX, 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 6587 RUNLET WAY, REX, GA?
The securities are issued by GF Finance.
What property backs 6587 RUNLET WAY, REX, GA?
The offering circular identifies the property as 6587 RUNLET WAY. The loan is a first lien. Loan-to-after-repair-value is disclosed as 69.37%.
What is the minimum investment for 6587 RUNLET WAY, REX, GA?
The disclosed minimum is $10. Eligibility, availability, and the current status of this offering are determined by Groundfloor, not by AltStreet.
Is 6587 RUNLET WAY, REX, GA still open to investors?
AltStreet's record shows the offering as active. AltStreet tracks this offering from SEC filings, last captured 2026-09-24. 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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