SEC Info - Groundfloor Finance Inc. - ‘1-A POS’ on 5/25/21

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Groundfloor Finance Inc. – ‘1-A POS’ on 5/25/21

On: Tuesday, 5/25/21, at 2:20pm ET · Accession #: 1104659-21-71737 · File #: 24-10753

Previous ‘1-A POS’: ‘1-A POS’ on 4/29/21 · Next: ‘1-A POS’ on 6/3/21 · Latest: ‘1-A POS’ on 5/9/24 · 12 References:

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/25/21  Groundfloor Finance Inc.          1-A POS                4:136M                                   Toppan Merrill/FA

Post-Qualification Amendment of a Form 1-A Offering Statement — Regulation A/A+

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 1-A POS     Post-Qualification Amendment of a Form 1-A          HTML      3K 
                Offering Statement -- primary_doc.xml                            
 2: PART II AND III  Offering Statement - Parts II and III          HTML    475K 
 3: EX1A-11 CONSENT  Exhibit 11.1                                   HTML      6K 
 4: EX1A-12 OPN CNSL  Exhibit 12.1                                  HTML     18K

‘1-A POS’ — Post-Qualification Amendment of a Form 1-A Offering Statement — primary_doc.xml

This ‘1-A POS’ Document is an XML Data File that may be rendered in various formats:

Form 1-A – Plain Text – SEC Website – EDGAR System – XML Data – <?xml?> File

XML Data rendering: Post-Qualification Amendment of a Form 1-A Offering Statement

<?xml version="1.0" encoding="windows-1252"?>

<edgarSubmission xmlns="http://www.sec.gov/edgar/rega/oneafiler" xmlns:ns1="http://www.sec.gov/edgar/common">

<headerData>

<submissionType> 1-A POS </submissionType>

<filerInfo>

<liveTestFlag> LIVE </liveTestFlag>

<filer>

<issuerCredentials>

<cik> 0001588504 </cik>

<ccc> XXXXXXXX </ccc>

</issuerCredentials>

<offeringFileNumber> 024-10753 </offeringFileNumber>

</filer>

<flags>

<sinceLastFiling> true </sinceLastFiling>

</flags>

</filerInfo>

</headerData>

<formData>

<employeesInfo>

<issuerName> GROUNDFLOOR FINANCE INC. </issuerName>

<jurisdictionOrganization> GA </jurisdictionOrganization>

<yearIncorporation> 2013 </yearIncorporation>

<cik> 0001588504 </cik>

<sicCode> 6199 </sicCode>

<irsNum> 46-3414189 </irsNum>

<fullTimeEmployees> 40 </fullTimeEmployees>

<partTimeEmployees> 0 </partTimeEmployees>

</employeesInfo>

<issuerInfo>

<street1> 600 Peachtree Street, Suite 810 </street1>

<city> ATLANTA </city>

<stateOrCountry> GA </stateOrCountry>

<zipCode> 30308 </zipCode>

<phoneNumber> 404-850-9225 </phoneNumber>

<connectionName> Nick Bhargava </connectionName>

<industryGroup> Other </industryGroup>

<cashEquivalents> 1429172.00 </cashEquivalents>

<investmentSecurities> 0.00 </investmentSecurities>

<accountsReceivable> 69463931.00 </accountsReceivable>

<propertyPlantEquipment> 1056577.00 </propertyPlantEquipment>

<totalAssets> 71949680.00 </totalAssets>

<accountsPayable> 5021791.00 </accountsPayable>

<longTermDebt> 68533600.00 </longTermDebt>

<totalLiabilities> 73555391.00 </totalLiabilities>

<totalStockholderEquity> -1605711.00 </totalStockholderEquity>

<totalLiabilitiesAndEquity> 71949680.00 </totalLiabilitiesAndEquity>

<totalRevenues> 5451538.00 </totalRevenues>

<costAndExpensesApplToRevenues> -611436.00 </costAndExpensesApplToRevenues>

<depreciationAndAmortization> -527862.00 </depreciationAndAmortization>

<netIncome> -4786633.00 </netIncome>

<earningsPerShareBasic> -2.25 </earningsPerShareBasic>

<earningsPerShareDiluted> -1.19 </earningsPerShareDiluted>

<nameAuditor> Cherry Bekaert LLP </nameAuditor>

</issuerInfo>

<commonEquity>

<commonEquityClassName> Common Stock </commonEquityClassName>

<outstandingCommonEquity> 1732585 </outstandingCommonEquity>

<commonCusipEquity> 000000N/A </commonCusipEquity>

<publiclyTradedCommonEquity> N/A </publiclyTradedCommonEquity>

</commonEquity>

<preferredEquity>

<preferredEquityClassName> Series Seed </preferredEquityClassName>

<outstandingPreferredEquity> 568796 </outstandingPreferredEquity>

<preferredCusipEquity> 000000N/A </preferredCusipEquity>

<publiclyTradedPreferredEquity> N/A </publiclyTradedPreferredEquity>

</preferredEquity>

<preferredEquity>

<preferredEquityClassName> Series A Preferred Stock </preferredEquityClassName>

<outstandingPreferredEquity> 747373 </outstandingPreferredEquity>

<preferredCusipEquity> 000000N/A </preferredCusipEquity>

<publiclyTradedPreferredEquity> N/A </publiclyTradedPreferredEquity>

</preferredEquity>

<debtSecurities>

<debtSecuritiesClassName> Convertible Promissory Notes </debtSecuritiesClassName>

<outstandingDebtSecurities> 2050000 </outstandingDebtSecurities>

<cusipDebtSecurities> 000000N/A </cusipDebtSecurities>

<publiclyTradedDebtSecurities> N/A </publiclyTradedDebtSecurities>

</debtSecurities>

<issuerEligibility>

<certifyIfTrue> true </certifyIfTrue>

</issuerEligibility>

<applicationRule262>

<certifyIfNotDisqualified> true </certifyIfNotDisqualified>

</applicationRule262>

<summaryInfo>

<indicateTier1Tier2Offering> Tier2 </indicateTier1Tier2Offering>

<financialStatementAuditStatus> Audited </financialStatementAuditStatus>

<securitiesOfferedTypes> Other(describe) </securitiesOfferedTypes>

<securitiesOfferedOtherDesc> Limited Recourse Obligation (LRO), a limited debt obligation of the issuer </securitiesOfferedOtherDesc>

<offerDelayedContinuousFlag> Y </offerDelayedContinuousFlag>

<offeringYearFlag> Y </offeringYearFlag>

<offeringAfterQualifFlag> N </offeringAfterQualifFlag>

<offeringBestEffortsFlag> Y </offeringBestEffortsFlag>

<solicitationProposedOfferingFlag> N </solicitationProposedOfferingFlag>

<resaleSecuritiesAffiliatesFlag> N </resaleSecuritiesAffiliatesFlag>

<securitiesOffered> 16679000 </securitiesOffered>

<outstandingSecurities> 0 </outstandingSecurities>

<pricePerSecurity> 10.0000 </pricePerSecurity>

<issuerAggregateOffering> 16679000.00 </issuerAggregateOffering>

<securityHolderAggegate> 0.00 </securityHolderAggegate>

<qualificationOfferingAggregate> 29470740.00 </qualificationOfferingAggregate>

<concurrentOfferingAggregate> 15167590.00 </concurrentOfferingAggregate>

<totalAggregateOffering> 61317330.00 </totalAggregateOffering>

<legalServiceProviderName> Manatt Phelps; Robbins Ross </legalServiceProviderName>

<legalFees> 1000.00 </legalFees>

</summaryInfo>

<juridictionSecuritiesOffered>

<jurisdictionsOfSecOfferedNone> true </jurisdictionsOfSecOfferedNone>

<issueJuridicationSecuritiesOffering> AL </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> AK </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> AZ </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> AR </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> CA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> CO </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> CT </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> DE </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> FL </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> GA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> HI </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> ID </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> IL </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> IN </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> IA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> KS </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> KY </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> LA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> ME </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MD </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MI </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MN </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MS </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MO </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> MT </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NE </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NV </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NH </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NJ </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NM </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NY </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> NC </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> ND </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> OH </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> OK </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> OR </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> PA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> RI </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> SC </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> SD </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> TN </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> TX </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> UT </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> VT </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> VA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> WA </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> WV </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> WI </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> WY </issueJuridicationSecuritiesOffering>

<issueJuridicationSecuritiesOffering> DC </issueJuridicationSecuritiesOffering>

</juridictionSecuritiesOffered>

<securitiesIssued>

<securitiesIssuerName> Groundfloor Real Estate 1, LLC. </securitiesIssuerName>

<securitiesIssuerTitle> LROs </securitiesIssuerTitle>

<securitiesIssuedTotalAmount> 43144450 </securitiesIssuedTotalAmount>

<securitiesPrincipalHolderAmount> 0 </securitiesPrincipalHolderAmount>

<securitiesIssuedAggregateAmount> $43,144,450 were issued and sold pursuant to Offering Circular File No. 024-11094. </securitiesIssuedAggregateAmount>

</securitiesIssued>

<unregisteredSecuritiesAct>

<securitiesActExcemption> Regulation A </securitiesActExcemption>

</unregisteredSecuritiesAct>

</formData>

</edgarSubmission>

1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 6/03/21  Groundfloor Finance Inc.          1-A POS                3:42M                                    Toppan Merrill/FA

11 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/07/21  Groundfloor Finance Inc.          1-A POS                3:68M                                    Toppan Merrill/FA
 3/30/21  Groundfloor Finance Inc.          1-K        12/31/20    3:686K                                   Toppan Merrill/FA
 6/15/20  Groundfloor Finance Inc.          1-A/A                  3:2M                                     Toppan Merrill/FA
 6/08/20  Groundfloor Finance Inc.          1-A/A       6/05/20    6:1.7M                                   Toppan Merrill/FA
 4/03/20  Groundfloor Finance Inc.          1-A                    6:1.2M                                   Toppan Merrill/FA
 2/07/18  Groundfloor Finance Inc.          1-A/A                  9:2.1M                                   Toppan Merrill/FA
 1/02/18  Groundfloor Finance Inc.          1-A/A                  4:11M                                    Toppan Merrill/FA
10/18/17  Groundfloor Finance Inc.          1-A POS                4:1M                                     Toppan Merrill/FA
11/25/15  Groundfloor Finance Inc.          1-A/A                  8:16M                                    Toppan Merrill/FA
10/07/15  Groundfloor Finance Inc.          1-A                    7:27M                                    Toppan Merrill/FA
 7/01/15  Groundfloor Finance Inc.          1-A/A                 24:9.1M                                   Toppan Merrill/FA

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Filing Submission 0001104659-21-071737 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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