$3 Million in Real Estate Funding via Patch of Land

Over $500,000 Returned to Investors to DateCarlo Tabibi.

Real estate crowdfunding platform Patch of Land has surpassed $3 million in funding with their 13 project launched on Friday (Friday the 13th  no less).  The debt based marketplace has achieved this amount in just under 8 months of operations.  The money lent to real estate borrowers on the platform comes from accredited investors in over 20 states, and the projects themselves have been completed in four states including; New York, New Jersey, Illinois and Georgia.

“This is a significant milestone for Patch of Land,” says CEO Carlo Tabibi. “We’ve been steadily building our pipeline of high quality loans and the demand from both borrowers and investors has been pushing us forward even faster than we imagined.”

Patch of Land new logoPatch of Land is an originator of high-yield, short-term loans that use the underlying real estate asset as collateral. Accredited investors can purchase fractions of the loans for a minimum investment of $5000. The entire crowdfunding process is done online within a matter of minutes. After completing the process, investors receive notifications about the progress of the investment, and receive monthly interest distributions to their accounts. To date, Patch of Land has returned over $500,000 in interest and capital to investors, 60% of which are repeat investors who take advantage of the low minimums to diversify their money across a number of parameters including yield, geography, and duration.

The company’s focus is solely on debt within real estate crowdfunding, making it a pure-play real estate debt platform that lends to real estate professionals in need of funding to complete residential and small balance commercial projects. Over 100 independent real estate operators have requested funding already.

Real Estate Patch of LandPatch of Land is a privately owned company based in Los Angeles, CA providing accredited and institutional investors easier access to short-term, asset collateralized, fixed income securities through its proprietary P2RE “Peer-to-Real-Estate” lending marketplace. Patch of Land is the online marketplace solution to inefficient, slow, fragmented and obscure short- term real estate lending, providing a fast, efficient, transparent and consistent service to real estate borrowers and professionals, who may not qualify for traditional financing.

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