On Thursday, real estate crowdfunding platform iFunding announced that it has hit a new milestone. The portal revealed that it returned over $5 million of capital to investors during 2015’s calendar year.
Founder and CEO of iFunding, William Skelley, shared:
“The entire team is excited about this significant milestone. Our investors are our first priority with every deal that comes through the pipeline. Being able to bring quality deals with accomplished sponsors to iFunding’s online platform is key in the success of this industry.”
Last year was a busy year for the online real estate platform. In August of 2015, iFunding reportedly had their best month for deal flow, which surpassed $14MM in offerings to accredited investors through the online site. The crowdfunding platform also funded its largest deal this year and raised capital for one sponsor totaling $4MM.
iFunding also reports that it completed ten $1MM or higher fundraises that are aligned with their new strategy of listing institutional quality commercial real estate investment offerings. Skelley added:
“I am really looking forward to what comes in 2016. Our investors are our main focus when we look for ways we can advance and grow. We all have much to anticipate as the company further executes on our strategic plans for the year.”