Fundrise has been a trailblazer in the real estate crowdfunding world, according to Crowdfund Insider‘s own JD Alois, “The first to offer ‘Regulation A’ type investments, a process that allows anyone not just the wealthy class, to participate in real estate investments that generate solid returns, Fundrise has been getting quite a bit of attention in the past year with significant investments from prominent real estate and technology backers.”
The Washington, DC based company’s newest investment and its first investment in the luxurious Hamptons, is the Westhampton Dunes, a bayfront house currently under construction. The Hamptons’ crowdfunding campaign is a success, Fundrise having already raised $985K of its $1M goal from over 49 backers, with a minimum investment of $5,000.
Each single family 3500sf home is built in conjunction with Chatham Development Company, a multi-generational, family owned and operated real estate development company, that is also the largest developer on Long Island, New York. This property is located on the West Hampton Dunes barrier island with frontage to Moriches Bay. Due to the limited developable land on the island and the bay-front location of this property, Fundrise concluded that the area would be sought after for luxury homebuyers. Additional financial information is available to Fundrise investors on the company’s website.
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