In Two Hours, Crowdfunding Effort Draws $308,000 of Interest in Washington DC Building

Crowdfunding is gaining steam as a way to use the Internet to pool individual investors and Fundrise — the D.C. start-up — continues to demonstrate how to use it to locate aspiring commercial real estate investors.

On Wednesday morning, 130 people logged in to the company’s Web site expressing interest in buying stakes in a two-story building east of Logan Circle totaling $308,000. The company’s owners were hoping to find interest approaching the $300,000 in 30 days.

Instead, it took about two hours.

Read more at Washington Post


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