Indiana-based Mainstreet, a developer of short-stay rehabilitation facilities, through its subsidiary, MS Bloomington, LLC, has claimed a record in the U.S. by receiving commitments for $1.5 million in direct investment in less than one month to fund its new Bloomington Medical Resort. The response has led the company to open up a further investment opportunity of $300,000 for Bloomington.
Mainstreet offered accredited investors a unique and compelling opportunity to participate directly in Bloomington development project and earn a targeted 14% annualized return. In partnership with CrowdStreet, investors have the opportunity to review the project and relevant information on a secure website and commit capital directly to the project online.
Founder and CEO of Mainstreet Zeke Turner stated, “Today marks one month since we opened this investment opportunity and set ourselves out to be an industry leader in direct real estate investing. We couldn’t be more pleased with the rapid success of this fundraise. Because we believe there is additional interest in this opportunity, we are upsizing the offering to make a small amount of additional capacity available. We don’t expect this to be available very long.”
“Mainstreet’s record-breaking success with their direct real estate funding campaign is a testament to their high-quality leadership team and overall business model,” co-founder of Crowdstreet Darren Powderly explained. “They have been fully engaged in the process from day one and will remain wholly committed to their investors throughout the term of the deal. No other company is history has raised more money in less time for a direct investment real estate campaign of this nature than Mainstreet and CrowdStreet is honored to have played a role in their success.”
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