You no long need to be a multi-millionaire to invest in the nation’s premier luxury real estate market. Through Realty Crowdfunding LLC, labeled as the first investment vehicle of its kind, investors can now own a piece of beachfront mansions that have defined the most prestigious and profitable real estate market in the Northeast for generations.
With estimated returns of 20 percent of more, Realty Crowdfunding has created an extraordinary opportunity for investors who are looking to capitalize on the hottest trend in real estate or simply diversify their portfolio. The enterprise is run by experienced developers and talented designers who have had tremendous success building and selling mansions all over the Hampton’s.
Principal of Realty Crowdfunding Richard Gherardi stated, “We are incredibly excited to announce this new venture. Through the popular crowdfunding model, which has typically been reserved for risky startups or commercial real estate projects, we at Realty Crowdfunding are finally able to give ordinary risk-adverse investors a fair chance to own a lucrative piece of paradise.”
Mr. Gherardi has been involved in high-end residential and commercial projects for more than 30 years, building more than 250 homes ranging from $300,000 to $15 million.
To participate in Realty Crowdfunding, investors pay a minimum of $5,000 into a pooled fund, which is a single-purpose entity capped at $9 million and detailed in a private placement project, it will be closed for additional investments. The remaining funds will be used to finance similar high-end, single-family projects ranging in size, construction cost and sales price and will be available to investors on a first-come, first-serve basis.
The lifecycle of the project, from development to the closing process, will take an estimated 14 to 18 months. Realty Crowdfunding and its members will own and hold title to the property until it is sold. At that point, the investors will receive preferred interested as well as profit sharing. The minimal duration of an investment is three years, giving investors an opportunity to participate in several projects.