On Wednesday (February 18th), Fairway America, a Portland-based company, launched a new crowdfunding platform dedicated to small balance real estate (SBRE).
According to Portland Business Journal, Fairway America’s SBREfunds.com allows SBRE entrepreneurs to obtain practical tools, resources, and insights on how to build and run small balance real estate pooled investment funds.
CEO of Fairway America, Matt Burk stated, “Our new SBREfunds.com community really caters to both important constituencies of pooled real estate investment funds – the managers and the investors.
“On one side, we provide SBRE entrepreneurs and fund managers all over the United States with experience and strategies on everything from how to create the right economic structure for various fund types, to raising capital effectively, to third party administration.
“On the other, we empower investors with key ideas about how to differentiate the offerings and mitigate risks sometimes associated with these pooled real estate based funds.”
SBREfunds.com is set to also provide membership to accredited investors and will grant them access to a 26-less “Due Diligence 101” training course that covers critical elements of SBRE syndications and blind pool funds. It will provide insight about what to look for when considering an SBRE investment opportunity.
Firms that are listing their investments on the platform will collectively have in excess of $1 billion dollars in total offerings and have targeted returns averaging between 10 and 14 percent.
Burk then added, “The small balance real estate industry is in an exciting place to be. Our goal is to systemically grow this community on both sides, the SBRE entrepreneurs running the business and the accredited investors providing the capital.”