Real estate crowdfunding platform Inner 10 has announced the completion of its first successfully funded deal. The Austin based company completed an investment offer for construction of a 2 unit condo in Austin. The project was in conduction with their sister company – Inner 10 Development. Investors were said to receive up to a 20.4% projected return. The total equity amount was for $195,000.
Inner 10 was launched in the summer of 2014. The new platform was described at the time as a “new generation of regional real estate investment experts”. The company is said to incorporate an analytics-based investment model to identify high yield urban development projects in Austin’s top 10 zip codes. The investment platform pairs with the development aspect of Inner 10.