Dear Jayden,
In recent weeks our LROs have continued to sell out quicker than usual, leaving us with less inventory funding for investment. While it is always our preference to maintain a significant pool of LROs available at all times on our platform, we are encouraged by the fact that investor demand for our real estate debt investments is higher than ever. As reported earlier this month, we closed Q3 with a record $44.5 million in total investment sales on our platform, 33% higher than last quarter (our previous record)!
We have already accelerated our loan origination production to help increase our supply of LRO investments to meet this growing investor demand. In fact, since August, when we started rebuilding our lending pipeline in earnest, we've doubled month over month originations.
As a short term measure, today we released an additional batch of 9 LROs for funding on our platform, off cycle from our usual cadence, to help meet some of this demand while we continue to ramp up.
Thank you for your continued support and confidence in GROUNDFLOOR. As always, if you have any questions, our Investor Services team is available at support@groundfloor.us.