American Homeowner Preservation will host a webinar to explore the company’s 2014A impact investing opportunity utilizing real estate crowdfunding.
Jorge Newbery, founder and CEO of American Homeowner Preservation, will host a webinar Thursday April 24 at 3 PM EST detailing AHP’s latest investment opportunity, 2014A. AHP purchases pools of nonperforming mortgages at significant discounts to help struggling homeowners avoid foreclosure while offering accredited investors returns based on their choice of terms: one year at 9%, two years at 10.2%, and five years at 12%. Opportunity 2014A contains 185 first mortgages, 95% of which are to homeowners who have filed bankruptcy.
AHP is purchasing 2014A for a third of the current property value and can extinguish more than $8 million in negative equity in the process. Nearly half of the assets within this pool are in Florida, Illinois, Indiana and Ohio, which have four of the five highest foreclosure rates in the nation.
AHP utilizes crowdfunding in order to purchase these pools. Through the crowdfunding model, an investor’s funds are pooled with those of other investors and spread out over many different loans, reducing exposure to losses on single assets.
American Homeowner Preservation started in 2008 as a 501c3 nonprofit before transitioning to for profit and evolving into a socially responsible hedge fund. AHP recently added crowdfunding, offering 9 – 12% annual returns to investors.
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