Commercial real estate crowdfunding platform, Selequity, announced that it has formed a strategic alliance with Virtual Realty Enterprises, LLC, (VRE) a St. Louis-based CRE lender and operating company that has managed more than $500 million in assets. Now, Selequity’s clients and project sponsors will have access to interim financing and the opportunity to fund larger and more varied deals.
Selequity’s CEO, AJ Chivetta, stated:
“We are delighted to form this alliance with Virtual Realty Enterprises coming off the heels of our launch at TechCrunch Disrupt. Selequity’s alliance with VRE provides significant benefits to project sponsors, particularly interim financing. We believe sponsors will see this move as a huge advantage to working with Selequity and helping fund projects through our platform.”
Henry Warshaw, President of Virtual Realty Enterprises, added:
“VRE’s alliance with Selequity creates a mutually beneficial relationship. We are excited to tap into Selequity’s wide-reaching network of real estate professionals and investment and lending opportunities.”
Bill Snyders, chief operating officer of Virtual Realty, will lead the VRE effort to manage the strategic alliance with Selequity.