Fundrise recently revealed to Crowdfund Insider that their real estate pipeline is ready to pop higher. This is even with the fact that less than 1% of the 300 plus deals submitted each week are accepted to raise capital on the Fundrise platform.
Co-founder and CEO Ben Miller said;
“We’ve seen a 1500% increase in assets under management since our Series A funding round in May 2014. With an enormous pipeline of projects in top markets and more interest from our investor base than we’ve ever seen before, we’re gearing up for a record-setting fall.”
Fundrise is determined to prove it is “not just another real estate company”. They want to “think outside the box” and build a better way to raise capital and match investors to projects than has existed in the past. They also emphasize that their interests are aligned with their investors;
“Our interests are aligned with our investors – we do well when you do well – which is why we’ve re-imagined what it means to have high standards. We use every tool imaginable to bring our investors the best deals, including drones, which give us another set of eyes on the ground in each of the 25+ markets we operate in,” says Ben.
Fundrise also emphasized their deal quality and rigorous due-diligence that accompanies each offer listed on the platform.
“Our strict underwriting process means that less than 1% of the 300+ deals submitted to us every week make it onto the Fundrise platform and open to you for investment. Most of our investors don’t know this, so we created this video to show you what goes into every Fundrise investment.
The company also states the following process precedes any investment on the platform:
- 150 hours of due diligence
- 100-page underwriting memo
- 10-person committee review
- 2 site visits
- and now a drone flyover