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155 Water Street, Brooklyn, NY 11201 ■
(917) 503-9050 ■ info@ketsal.com

March 5, 2024

VIA EDGAR

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, NE

Washington, DC 20549

Attention: Ruairi Regan

 Re: Groundfloor Loans 1, LLC

Draft Offering Statement on Form 1-A

Submitted January 31, 2024

CIK No. 0002002281

Dear Mr. Regan,

On behalf of our client Groundfloor
Loans 1, LLC (the “Company”), we respectfully submit this correspondence to the staff (the “Staff”)
of the U.S. Securities and Exchange Commission (the “Commission”) relating to the Company’s submission
on January 31, 2024 of its Draft Offering Statement on Form 1-A (the “Offering Statement”). In connection with
this response to the issues raised in the Staff’s letter to the Company dated February 27, 2024 (the “Comment Letter”),
the Company is contemporaneously filing via EDGAR an amendment to the Offering Statement (the “Amended Offering Statement”)
with the Commission, responding to the Staff’s comments in the Comment Letter and updating the Offering Statement.

The following is the Company’s
response to the Comment Letter. The Company’s response is numbered to correspond to the Staff’s comments as numbered in the
Comment Letter. For your convenience, the Staff’s comments contained in the Comment Letter have been restated below in their entirety,
with the Company’s response set forth immediately under each comment. Unless otherwise defined herein, capitalized terms used in
this letter and not otherwise defined are used with the meanings assigned to such terms in the Amended Offering Statement. In general,
and throughout the Amended Offering Statement, the Company relies on General Instruction III to Form 1-A to cross-reference sections within
the Amended Offering Statement in order to avoid the repetition of information.

Also enclosed, for the convenience
of the Staff, is a copy of the Amended Offering Statement which is now marked to show changes from the relevant portions of the Offering
Statement.

U.S. Securities and Exchange Commission

Division of Corporation Finance

March 5, 2024

Page -2-

Risk Factors

By Purchasing Shares in this Offering...,
page 26

 1. Please reconcile your disclosure in this risk factor that arbitration must be conducted in the State
of Georgia with the terms of the subscription agreement including section 13 which refer to the State of Virginia in the Washington, D.C.
metropolitan area.

Response: The Company respectfully
acknowledges the Staff’s comment and notes that it has revised Exhibit 4.1 to provide that arbitration must be conducted in the
State of Georgia.

Thank you for the opportunity to provide our analysis
on these topics relating to the Offering Statement. If you have additional questions or comments, please contact me at zfallon@ketsal.com.

    Very truly yours,

    KETSAL PLLC

    By:
      /s/
    Zachary Fallon

      Zachary Fallon

      Partner