Groundfloor Lending Expands Leadership Team to Guide Record Growth and Next Chapter

New appointments underscore scale and accelerating growth of Groundfloor's new lending business unit

ATLANTA, Sept. 17, 2025 /PRNewswire/ -- Groundfloor Lending, the award-winning lender offering real estate financing solutions, is announcing the expansion of its leadership team as the new business unit continues to scale at a record pace. The recent appointments of Patrick Donoghue as VP & General Manager, Kendall Bazan as Vice President of Revenue, and Andrew Hurd as Vice President of Risk mark the next chapter for Groundfloor Lending as it matures into a standalone brand under the Groundfloor umbrella.

In the first half of 2025, Groundfloor Lending achieved 66% growth in origination volume, 28% growth in units, and 49% growth in revenue compared to the same period in 2024, with June setting a new all-time record for originations.

With its continued growth and momentum, Groundfloor Lending's new leadership team includes:

• Patrick Donoghue, VP and General Manager of Groundfloor Lending, now leads all aspects of the business, from borrower experience, to growth strategy, and servicing. During his 10 years at Groundfloor, Patrick has built deep expertise in lending, operations, and market risk, most recently serving as VP of Market Risk, where he managed portfolio performance and analyzed macro and regional housing trends.
• Kendall Bazan, Vice President of Revenue, joins Groundfloor with more than 12 years of experience driving growth for fintech and technology companies. She has scaled organizations from $1M to $100M in revenue, led GTM strategies for multiple acquisitions, and spearheaded initiatives that have supported more than $5 billion in real estate transactions. Previously, Kendall was Chief Marketing and Strategy Officer for Upright (Fund That Flip).
• Andrew Hurd, Vice President of Risk, oversees credit strategy, underwriting, servicing, and asset management. With 15 years in commercial lending, private banking, and real estate finance, Andrew brings institutional rigor paired with hands-on investing experience, ensuring loans are structured and managed for strong borrower and investor outcomes.

"This leadership team reflects the scale of the opportunity ahead of Groundfloor Lending," said Brian Dally, Co-founder and CEO of Groundfloor. "Patrick, Kendall, and Andrew each bring a distinct expertise — market analysis, revenue growth, and credit risk — that together will fuel our next chapter of innovation and expansion."

Since establishing itself as a distinct business unit focused on real estate financing, Groundfloor Lending has launched a refreshed brand identity and expanded borrower support functions. The unit benefits from Groundfloor's technology and investor base while operating independently to better serve the needs of today's real estate entrepreneurs, including industry-leading features such as deferred monthly payments

Groundfloor Lending offers a variety of private market loans for real estate projects, including fix and flip, new construction, bridge, and DSCR. Since 2013, Groundfloor Lending has helped borrowers access more than $1.8 billion in financing to upgrade and develop thousands of single-family homes across the country.

For more information or to see open positions, visit lending.groundfloor.com.

About Groundfloor Lending
Groundfloor Lending is a trusted partner for real estate investors, delivering fast, reliable, and flexible funding solutions nationwide. The company has funded more than $1.8 billion in real estate investment loans across 10,000+ successful projects in over 45 states, helping thousands of investors grow their businesses. Unlike traditional banks, Groundfloor Lending streamlines the process with higher LTV ratios, no income verification for investment properties, and true deferred payment options. With a 90% repeat investor rate and a dedicated team of business development managers, Groundfloor Lending provides tailored financing for fix-and-flip, bridge, construction, and DSCR loans. Apply for a loan today at lending.groundfloor.com.

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SOURCE Groundfloor Finance Inc.