Groundfloor Lending is strategically expanding its leadership team to support its accelerating growth trajectory and solidify its position as an independent entity within the Groundfloor ecosystem. This move marks a pivotal moment for the company, signaling its commitment to sustained development and market leadership in real estate investment financing. The new appointments are expected to enhance operational efficiency, drive revenue growth, and fortify risk management, ensuring a robust foundation for future expansion.
The newly appointed executives bring a wealth of diverse experience to Groundfloor Lending. Patrick Donoghue, now serving as Vice President and General Manager, leverages a decade of experience within Groundfloor, focusing on market risk, operations, and lending to optimize borrower experiences and growth strategies. Kendall Bazan joins as Vice President of Revenue, bringing extensive expertise from the fintech and technology sectors, where she successfully scaled companies and oversaw billions in real estate transactions. Andrew Hurd, taking on the role of Vice President of Risk, contributes over 15 years of experience in commercial lending, private banking, and real estate finance, crucial for overseeing credit, underwriting, and asset management functions. Together, their combined expertise forms a formidable leadership core poised to navigate market complexities and seize new opportunities.
This bolstered leadership team arrives at a time of remarkable performance for Groundfloor Lending, which reported an impressive 66% surge in origination volume and a 49% increase in revenue during the first half of 2025 compared to the previous year. The company also achieved a new internal record for originations in June 2025, underscoring its significant momentum. Originating from a crowdfunding platform, Groundfloor has successfully financed over $1.8 billion in real estate investment loans across more than 45 states, demonstrating its broad reach and impact in the real estate lending landscape.
Groundfloor Lending's strategic leadership enhancements and exceptional growth trajectory reflect a forward-thinking approach to real estate investment. By uniting seasoned professionals with a shared vision, the company is not only navigating the dynamic financial landscape but also actively shaping it. This commitment to innovation and robust management ensures that Groundfloor Lending will continue to empower investors and contribute positively to the real estate sector's evolution, fostering responsible growth and creating lasting value.