Supervest vs Groundfloor Notes 2026
Supervest means its fixed-rate notes of Supervest Investments, LLC series. Groundfloor means its Fixed Income Notes program (Signature, Preferred and short notes), not its individual-loan LROs.
Two fixed-rate note programs with no investor fees, backed by very different loans: advances against small businesses' future sales on one side, first-lien loans to property builders on the other.
Guide Thesis
Compare issuer-level note with issuer-level note, then ask what stands behind each one.
TL;DR
The comparison in two sentences
Supervest pays a stated 10% to 15% for 12 to 36 months on $25,000 accredited-only notes backed by merchant cash advances, with security terms not public and no current financial statements. Groundfloor Notes pay up to 9.0% for 1 to 24 months from $100, many open to all investors, secured by a first-priority interest in a subsidiary's first-lien real estate loans, from a sponsor whose audited statements carry a going-concern warning.
If you read nothing else: jump to what collateral supports each note →
Start here
What you hold on each
| Product | What you hold | Minimum | Interest | Who can buy |
|---|---|---|---|---|
| Supervest notes | A fixed-rate note of a Supervest Investments, LLC series holding MCA participations; security not disclosed | $25,000 | Monthly, quarterly or at maturity by series | Accredited |
| Groundfloor Signature and 1/3-month Notes | A fixed-rate secured note of a Groundfloor subsidiary, backed by its loan assets | $100 (1/3-month), $1,000 (12-month) | At maturity (1/3-month), monthly (12-month) | All US investors, within Reg A limits |
| Groundfloor Preferred Notes | Same structure, longer terms | Up to $100,000 (24-month) | Monthly | Accredited |
| Groundfloor LROs (not compared) | An unsecured limited obligation tied to one loan | $10 | At loan repayment | All US investors |
At a glance
Side-by-side at a glance
| Feature | Supervest notes | Groundfloor Notes |
|---|---|---|
| Underlying credit | Merchant cash advances from partner funders | Short-term first-lien loans to residential and commercial builders |
| Rates | 10% to 15% (stated) | Up to 9.0% (rates as of May 2026); 6.0% to 12.0% on 2025 issuance per the 1-K |
| Terms | 12 to 36 months | 1 to 24 months |
| Noteholder security | Not publicly disclosed | First-priority interest in the issuing subsidiary's loan assets |
| Exemption | Rule 506(c) | Regulation A Tier 2 (Preferred Notes for accredited investors) |
| Investor fees | None stated | None stated |
| Sponsor statements | None public since 2021 (unaudited) | Audited FY2025 1-K: net loss attributable $10.4M, going-concern paragraph |
| Repayment record | 'Never missed' (platform-stated) | 100% of Notes since 2018 (platform-stated) |
| Tax form | 1099-INT | Not stated on the Notes page; Groundfloor's LROs report on 1099-OID |
Head-to-head
Supervest vs Groundfloor, factor by factor
Five factors comparing the two issuer-level note programs. Coupons are compared before credit losses; platform-stated figures are labeled.
Issuer-level notes on both sides; Groundfloor's single-loan LROs are a different product
Supervest vs Groundfloor: Compare the Right Products
Groundfloor sells two kinds of debt, and only one belongs in this comparison. Its Notes, marketed as a Fixed Income Notes program, are issuer-level secured promissory notes at fixed rates: 1- and 3-month notes from $100 paid at maturity and a 12-month Signature Note from $1,000 paying monthly, open to all investors, plus 6-, 12- and 24-month Preferred Notes for accredited investors paying monthly, at rates up to 9.0% ('All rates current as of May 2026'). Its individual loan investments are Limited Recourse Obligations (LROs), $10 slices tied to one loan each, which its offering circular describes as unsecured limited obligations with no security interest for the holder. Supervest's notes are also issuer-level: fixed-rate promissory notes of Supervest Investments, LLC series, 10% to 15% for 12 to 36 months from $25,000, funding merchant cash advance participations. So the like-for-like comparison is Supervest's notes against Groundfloor's Notes; LROs are mentioned only where they explain the difference.
Practical answer
Compare Supervest's notes with Groundfloor Notes, not with Groundfloor's individual loans, which carry single-loan risk and no security interest.
| Decision factor | What changes |
|---|---|
| Supervest | Fixed-rate notes of a pooled MCA series; 10% to 15%; 12 to 36 months; $25,000. |
| Groundfloor Notes | Fixed-rate secured notes on a pool of real estate loans; up to 9.0%; 1 to 24 months; $100 to $100,000 minimums. |
| Groundfloor LROs (not compared) | Unsecured, limited-recourse, tied to one loan; $10. |
Undisclosed security over MCA participations vs a first-priority interest in a subsidiary's real estate loans
Supervest vs Groundfloor: What Collateral Supports Repayment
Groundfloor's FY2025 Form 1-K describes two secured note programs. 'The Groundfloor Notes are issued and secured by the assets of Groundfloor Real Estate 2 LLC', which granted noteholders a 'first priority security interest in all the loan assets' of that subsidiary, subject to exceptions; Stairs Notes are issued by Groundfloor Yield LLC on the same basis and are also 'general obligations of the Company'. The Groundfloor Yield offering circular says its notes are 'a full and unconditional obligation of the Company', 'secured by a first priority security interest in the assets' of the company, mainly commercial real estate loans, and 'not payment dependent on any individual underlying real estate loan'. The loans themselves are first-lien on the properties, so Groundfloor's claim is senior to any junior debt or the builder's equity in a sale or foreclosure. Supervest's public materials do not say whether its notes are secured, how they rank or how losses are allocated; those terms are in confidential documents AltStreet did not use. And the assets differ: an MCA is a purchase of a small business's future receipts, usually without a property to foreclose on.
Practical answer
Groundfloor discloses a security interest in a pool of first-lien real estate loans; Supervest does not disclose its notes' security, and its assets have no real property behind them.
| Decision factor | What changes |
|---|---|
| Underlying asset | Supervest: merchant cash advance participations. Groundfloor: short-term first-lien loans to builders. |
| Noteholder security | Supervest: not publicly disclosed. Groundfloor: first-priority interest in the issuing subsidiary's loan assets. |
| Depends on one loan? | Supervest: pooled. Groundfloor Notes: no, by the circular's terms. |
Accredited-only from $25,000 vs open to all from $100
Supervest vs Groundfloor: Interest Timing, Minimums and Accreditation
Groundfloor's 1- and 3-month notes pay principal and interest at maturity; its 12-month Signature Note and its 6-, 12- and 24-month Preferred Notes pay monthly. Minimums run from $100 (1- and 3-month) and $1,000 (12-month Signature) to $100,000 for the 24-month Preferred Note. The Signature and short notes are open to all US investors under Regulation A Tier 2, with non-accredited investors limited to 10% of the greater of their income or net worth; the Preferred Notes are for accredited investors. Groundfloor says its notes carry 'No management fees, no performance carry, no investor fees' and the Groundfloor Yield circular says its notes may be called, redeemed or prepaid by the issuer at any time. Supervest's notes are all accredited-only, from $25,000, paying monthly (10% Series B, 12% Series C), quarterly (12% Series A, 15% Series D) or at maturity (14% Series E), with no stated investor fees.
Practical answer
Groundfloor is the accessible option with short terms and small minimums; Supervest is accredited-only with longer terms and higher stated rates.
| Decision factor | What changes |
|---|---|
| Who can buy | Supervest: accredited only. Groundfloor: all investors for Signature and 1/3-month notes; accredited for Preferred. |
| Minimum | Supervest: $25,000. Groundfloor: $100 to $100,000 by note. |
| Interest timing | Supervest: monthly, quarterly or at maturity by series. Groundfloor: monthly on 6- to 24-month notes, at maturity on 1- and 3-month. |
| Investor fees | Neither states one. |
Worked example
$25,000 for 12 months, before credit losses
The two 12-month, monthly-paying notes: Supervest's 10% Series B and Groundfloor's 8.0% 12-Month Signature Note (rate as of May 2026; Groundfloor adjusts rates for new notes monthly). Simple interest, no reinvestment, no promotional bonus, both repaid on time. AltStreet arithmetic.
| Measure | Supervest Series B (10%) | Groundfloor 12-Month Signature (8.0%) |
|---|---|---|
| Monthly interest | $208.33 | $166.67 |
| Interest over 12 months | $2,500 | $2,000 |
| Investor fees | None stated | None stated |
| Who can buy | Accredited only | All US investors (non-accredited within Reg A limits) |
| What backs the note | MCA participations; security not publicly disclosed | First-priority interest in a subsidiary's first-lien real estate loans |
At these two stated rates Supervest pays $500 more before credit losses over the year. The difference buys a different asset and less disclosure about how the note is secured.
A manager-extendable term vs defined events of default
Supervest vs Groundfloor: When Repayment Runs Late
The Groundfloor Yield circular lists the events of default on its notes: failure to pay interest for 90 days 'and the time for payment has not been extended or deferred', failure to pay principal when due, and insolvency. A delayed loan inside the pool does not by itself change what the note owes, because the note is not payment dependent on any single loan; for an individual-loan LRO, by contrast, a defaulted loan runs to an extended payment date and the holder bears the loan's outcome. Supervest's note pages say a term is 'generally offered to investors at the discretion of the manager, and may exceed the estimated term by a significant amount of time', and funds are 'inaccessible until the maturity date'; the extension mechanics are in documents AltStreet did not use. Groundfloor's Notes page says 'Notes are held to maturity by design'; neither platform offers a secondary market for these notes.
Practical answer
Groundfloor's circular defines a missed principal payment as a default; Supervest's public materials reserve the manager's discretion to run long.
| Decision factor | What changes |
|---|---|
| Late principal | Supervest: term may be extended at the manager's discretion. Groundfloor Notes: an event of default under the circular. |
| Late interest | Groundfloor: event of default after 90 days unless extended or deferred. Supervest: not publicly stated. |
| Early exit | Neither has a secondary market for these notes; Groundfloor may call or prepay its notes. |
No public statements vs audited statements with a going-concern paragraph
Supervest vs Groundfloor: The Sponsors' Finances and Records
Groundfloor Finance files audited annual reports under Regulation A. Its FY2025 Form 1-K reports a net loss attributable to Groundfloor Finance of $10.4 million (2024: $14.3 million), total assets of $392.2 million, $42.4 million of Groundfloor Notes outstanding at December 31, 2025 at stated rates of 6.0% to 12.0%, and $88.4 million of Stairs Notes at 4.5% to 10.5%. Its auditor's report states that losses and negative operating cash flows since inception raise 'substantial doubt about the Company's ability to continue as a going concern'. Groundfloor says every Note since 2018 has paid 'every dollar of principal and every dollar of contracted interest', a platform-stated record. Supervest has no public financial statements for any note issuer; its last public statements, for the parent's 2021 year, were unaudited, and its 'never missed' payment record is platform-stated. Supervest also has late Form D notices and a pending merchant suit naming the parent and its adviser.
Practical answer
Groundfloor lets you read audited numbers, which include a going-concern warning; Supervest gives you no current numbers to read.
| Decision factor | What changes |
|---|---|
| Financial statements | Supervest: none public since 2021 (unaudited). Groundfloor: audited Form 1-K, FY2025 net loss attributable $10.4M, going-concern paragraph. |
| Notes outstanding | Supervest: $58.1M sold per Form D (cumulative). Groundfloor: $42.4M Groundfloor Notes and $88.4M Stairs Notes at December 31, 2025. |
| Repayment record | Both platform-stated: Supervest 'never missed'; Groundfloor 100% of Notes repaid since 2018. |
Final read
Bottom line
Groundfloor Notes are the more transparent product: an issuer-level note with a disclosed security interest in first-lien real estate loans, small minimums, short terms and audited sponsor accounts, though those accounts carry a going-concern warning and the rates are lower. Supervest's notes pay higher stated rates for longer terms on merchant cash advances, with security terms, current financials and loss data not public.
If you are choosing between them, keep Groundfloor's individual-loan LROs out of the comparison, read Groundfloor's going-concern note before sizing a position, and read Supervest's confidential documents for the terms its public pages leave out.
Primary sources
Sources and access
Supervest
- ›Supervest note pages and FAQ: Coupons, terms, the extension footnote and the payment-record claim, read October 22, 2026.
- ›Supervest Investments, LLC Series D (CIK 2057882): One of eight note-series Form Ds totaling $58.1M sold.
- ›AltStreet Supervest review: Dashboard offering pages, Form D census and legal scan.
Groundfloor
- ›Groundfloor Fixed Income Notes page: Note types, rates as of May 2026, minimums, payment timing, accreditation, read October 23, 2026.
- ›Groundfloor Finance FY2025 Form 1-K: Groundfloor Notes and Stairs Notes terms and balances; net loss; going-concern paragraph.
- ›Groundfloor Yield LLC offering circular (June 2025): Note security, call rights and events of default.
- ›AltStreet Groundfloor review: The LRO structure and loan-level record.
FAQs
Supervest vs Groundfloor: Common questions
How do MCA-backed notes differ from real-estate-backed notes?＋
Merchant cash advances are short purchases of a small business's future receipts, collected by daily or weekly debits; Groundfloor's loans are short-term first-lien loans to residential and commercial builders, repaid when a property is sold or refinanced. Real estate gives a lender a property to foreclose on; an MCA's recovery depends on the merchant's continuing sales and any guarantee.
Are Groundfloor Notes the same as Groundfloor's individual loans?＋
No. Groundfloor Notes are issuer-level secured promissory notes paid at a fixed rate regardless of any one loan. Individual loans are sold as Limited Recourse Obligations (LROs): unsecured, limited obligations whose payments track one specific loan, with no security interest for the investor.
What collateral supports repayment?＋
Groundfloor's filings say its notes carry a first-priority security interest in the loan assets of the issuing subsidiary (Groundfloor Real Estate 2 LLC for Groundfloor Notes; Groundfloor Yield LLC for its promissory notes), and those loans sit in first-lien position on the properties. Supervest's public materials do not say whether its notes are secured or how they rank.
Do interest payments arrive periodically or at maturity?＋
Groundfloor: monthly on the 12-month Signature and the 6-, 12- and 24-month Preferred Notes; at maturity on the 1- and 3-month notes. Supervest: monthly on its 10% and 12% 18-month notes, quarterly on the 12% 24-month and 15% notes, at maturity on the 14% note.
Which products require accreditation?＋
Every Supervest offering is accredited-only. Groundfloor's 1-, 3- and 12-month Signature Notes are open to all US investors under Regulation A, with non-accredited investors limited to 10% of the greater of income or net worth; its Preferred Notes are for accredited investors.
What happens when the underlying loans are delayed?＋
A Groundfloor Note does not depend on any one loan; under the Groundfloor Yield circular, an event of default occurs if principal is not paid when due or interest is 90 days late without an extension or deferral. A delayed individual loan matters directly to an LRO holder, whose loan can run to an extended payment date. Supervest says its terms may run past target 'by a significant amount of time' at the manager's discretion.
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Platform Review
Groundfloor Review
Individual-loan LROs and secured note programs, with the loan-level record from the filings.
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