Jilliene Hellman, CEO of real estate crowdfunding platform Realty Mogul, hit the screens of CNBC this week as part of the press rounds sharing the success on closing the Hard Rock Hotel crowdfunding offer. Jilliene shares details of the project that raised $1.5 million (as part of a larger financing round) in equity.
Jilliene states that investors get upside participation in a share of the cash-flow (paid quarterly) and property appreciation. She states that no investment is guaranteed but the hotel is in a “wonderful” location and has a strong operating team increasing their confidence of success.
A CNBC host asks $1.5 million – why so little? Jilliene clarifies the funds are to be used for renovations on the hotel to increase occupancy. The property was previously purchased but this funding round is part of a re-finance.
She shares that over 2000 potential transactions that have been submitted online at Realty Mogul. The in house team reviews these submissions and then offer up the selected deals to their investors.
Watch the full video below.
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