December GROUNDFLOOR Investor Limited Time Offer
This Limited Time Offer is applicable to GROUNDFLOOR investors who meet all of the following requirements: (a) transfer total funds equal to or exceeding the Qualifying Amount during the Promotional Period, (b) make commitments to participate in Qualifying Investments that are in aggregate equal to or greater than the Qualifying Amount during the Promotional Period, and (c) complete Qualifying Investments in closed, fully funded GROUNDFLOOR LROs that are in aggregate equal to or greater than the Qualifying Amount during the Qualification Period.
All transfers, commitments, and investments must be made in a Qualifying Amount in a single Qualifying Account. Amounts transferred, committed, or invested cannot be aggregated to reach a Qualifying Amount across multiple Qualifying Accounts. The definition of a Qualifying Account is subject to change at the sole discretion of Groundfloor. Groundfloor IRA accounts are not Qualifying Accounts and are ineligible for this promotion.
Groundfloor Limited Recourse Obligations (LROs) shall be the only Qualifying Investment. Groundfloor Notes are ineligible and shall not be considered Qualifying Investments for purposes of this promotion.
The Promotional Period shall begin on December 1, 2018 at 12:00PM Eastern Time and end on December 31, 2018 at 11:59PM Eastern Time. The Qualification Period shall begin simultaneously with the Promotional Period and shall end on January 30, 2019 at 11:59PM Eastern Time, unless extended at the sole option of GROUNDFLOOR.
The Qualifying Amount shall be $5,000 (five thousand dollars). Any transfers out during the Promotional Period and investment cancellations during the Qualification Period shall be netted against otherwise qualifying transfers, commitments and investments in calculating eligibility. Any tabulation, report, or indication of Qualifying Amounts and bonuses earned under this promotion that is provided to you via our website, automated email, management personnel, or customer service representatives are not conclusive and are subject to revision or correction at any time in the exclusive discretion of Groundfloor.
An Investment Bonus of $100 (one hundred dollars) shall be credited to the Qualifying Account in the form of restricted credits for every Qualifying Amount meeting all of the Eligibility Requirements, up to a maximum of $1,000 (one thousand dollars) in Investment Bonuses in aggregate per user across all Qualifying Accounts. The Investment Bonus will be added to your GROUNDFLOOR account no later than January 30, 2019.
Restricted credits earned can be used towards the purchase of any Qualifying Investment. The restricted credits cannot be withdrawn as cash. If the restricted credit is not used within one year of issuance, it will expire and be removed from your GROUNDFLOOR account.
Participation in this program may result in the receipt of taxable income, and we may be required to send users, and file with the IRS, a Form 1099-MISC (miscellaneous income). Users are responsible for any tax liability, including disclosure requirements, related to participating in the promotion. Please consult a tax advisor if you have any questions about your personal tax situation.
This Limited Time Offer is subject to change and may be cancelled at any time without notice. In cases where we have a reasonable belief of fraud, we reserve the right to rescind any restricted credits that may have been given, at any time.
This Limited Time Offer cannot be combined with any other GROUNDFLOOR promotion.