SEC filing record
Primary Source · SEC.gov

GROUNDFLOOR REAL ESTATE LLC

Platform / Operating Company2024 vintage506(b)
Latest signalSold increasedForm D/A · 2024-04-045 events: 1 sold increased, 1 investors increased, 1 offering upsizedLast filing 2024-04-04

Raised

$51M

Investors

2,359

Min Invest

$500

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AltStreet Analysis

·

Generated from EDGAR primary sources

GROUNDFLOOR REAL ESTATE LLC is a Georgia-based real estate platform entity filing under Rule 506(b). This amended filing reports $50.9M raised from 2,359 investors with a $500 minimum investment, selling debt securities. The entity is part of the Groundfloor real estate platform, which operates multiple related EDGAR entities.

This filing represents a crowdfunded real estate debt platform with an exceptionally low $500 minimum investment and high investor count, characteristic of retail-accessible real estate note offerings. The 506(b) exemption combined with 2,359 investors and debt securities structure is typical of platforms that pool small retail checks into real estate-backed loans, distinct from traditional institutional real estate funds.

Data Flags

First Sale DateFirst sale date not disclosed on filing with $50.9M total raise and 2,359 investors
generalAverage investment of approximately $21,577 per investor indicates granular retail participation consistent with platform crowdfunding model
Securities TypeDebt securities issued rather than equity, consistent with real estate note platform structure

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0001614171
Entity NameGROUNDFLOOR REAL ESTATE LLC
ExemptionRule 506(b)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising.
Entity TypeLimited Liability Company
Jurisdiction of OrganizationGeorgia
Issuer Address600 Peachtree Street Ne, Suite 610, Atlanta, GA 30308
Phone(404) 595-7857
Former NamesGroundFloor Real Estate, LLC (until December 7, 2016)
Industry / Fund TypeOther Banking and Financial Services
Securities TypeDebt
First Sale Date—
Filing DateApril 18, 2024
Accession Number0001614171-24-000002
Total Offering Amount$50,948,440
Total Amount Sold$50,948,440
Amount Remaining$0
Total Investors2,359
Non-Accredited InvestorsNone
Minimum Investment$500
Offering DurationIntended to last more than one year
Sales Commissions$0
Finders' Fees$0
Revenue RangeDecline to Disclose
State (Issuer Address)GA
Amendment Count2 amendments filed

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

AltStreet Coverage

Original reporting from AltStreet's daily EDGAR monitoring covering Groundfloor and its filings.

All AltStreet news

Capital Raise Timeline

3 Form D filings from Aug 30, 2023 to Apr 18, 2024, the latest a D/A.

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In the Terminal

Filing events

5

latest Apr 4, 2024

Critical / warning

0 / 1

4 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

2

withdrawn, closed

Latest event Sold increase · Apr 4, 2024

SEC.gov
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Investor

  • The dated record: 31 facts with source, effective date and capture date, viewable as AltStreet knew them on any past day
  • 5 filing events with values and deltas, latest 2024-04-04, and alerts on the next one
  • 2 offering timelines: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Nikhil Bhargava

Executive Officer · Atlanta, GA

Questions About GROUNDFLOOR REAL ESTATE LLC

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is GROUNDFLOOR REAL ESTATE LLC?

GROUNDFLOOR REAL ESTATE LLC is a Georgia limited liability company that filed a Form D with the SEC on April 18, 2024 in the Other Banking and Financial Services industry group. The filing claims Rule 506(b) for an offering of debt. AltStreet links the issuer to Groundfloor.

Is GROUNDFLOOR REAL ESTATE LLC legit?

AltStreet does not rate legitimacy; it reports the public record. GROUNDFLOOR REAL ESTATE LLC filed a Form D with the SEC on April 18, 2024 claiming Rule 506(b). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $50,948,440 sold to 2,359 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Groundfloor, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is GROUNDFLOOR REAL ESTATE LLC registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that GROUNDFLOOR REAL ESTATE LLC claimed Rule 506(b) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has GROUNDFLOOR REAL ESTATE LLC raised?

GROUNDFLOOR REAL ESTATE LLC reported $50,948,440 sold from 2,359 investors of a $50,948,440 total offering as of the Form D filed April 18, 2024.

Who can invest in GROUNDFLOOR REAL ESTATE LLC?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $500.

What is the minimum investment in GROUNDFLOOR REAL ESTATE LLC?

The Form D lists $500 as the minimum investment accepted from any outside investor as of April 18, 2024. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling GROUNDFLOOR REAL ESTATE LLC and how are they paid?

The Form D names no recipient of sales compensation, which usually means the issuer or its affiliates are placing the securities directly. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind GROUNDFLOOR REAL ESTATE LLC?

The Form D lists 1 related person: Nikhil Bhargava, executive officer. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is GROUNDFLOOR REAL ESTATE LLC located?

The issuer's address on its SEC filings is 600 Peachtree Street Ne, Suite 610, Atlanta, GA 30308. Its phone number of record is 404-595-7857. It is organized under the laws of Georgia.

How long is the GROUNDFLOOR REAL ESTATE LLC offering open?

The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 2 amendments are on record for this CIK.

What is GROUNDFLOOR REAL ESTATE LLC's revenue?

The issuer declined to disclose its revenue range on the Form D, which the form permits.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.