Brief: Fundrise Links with Birtcher Anderson Realty to Finance Arizona Retail Development Project

Fundrise“Crowdfunding is the future of real estate financing,” commented Fundrise CEO and Co-Founder Ben Miller.

Asserting the partnership as the first-ever crowdfunded commercial construction loan, Jay Maddox of the commercial real estate services company Avison Young brokered a deal with Fundrise which resulted in the real-estate platform’s providing Birtcher Anderson Realty $3.1 million in construction financing for a Starbucks-anchored retail development in Tempe, Arizona, reported Real Estate Weekly.

Ben Miller“A common objection to real estate crowdfunding has been that it wouldn’t be viable for quality assets of any real scale. Our investments in projects like 3 World Trade Center and, today, in Birtcher Anderson Realty’s Starbucks-anchored development proves critics wrong,” commented Ben Miller, co-founder and CEO of Fundrise. “Crowdfunding is the future of real estate financing.”

Birtcher Anderson Realty’s 10,000 square foot retail center in Tempe, Arizona has leases signed with Starbucks, Jersey Mike’s, and Supercuts, amounting to roughly 40% of the total space, according to REW. The property is just east of Phoenix and the University of Phoenix’s main campus is half a mile from the property, while Arizona State University is three miles away.

jay maddox“Avison Young was able to successfully secure construction financing for this project within a compressed timeframe, helping Birtcher Anderson meet its objectives,” Maddox, a principal with Avison Young told REW. “This is a prime example of creative debt and equity financing alternatives we can offer when bank financing doesn’t meet with a developer’s business objectives.”

Fundrise investors are projected to receive a gross annual return of 11 percent; six percent is projected to be paid current on a quarterly basis during the 24-month term, reported REW.

Bob Anderson“We are thrilled to have partnered with the country’s top crowdfunded capital source to secure the construction financing for our new center,” shared Bob Anderson, at Birtcher Anderson Realty. “We chose to work with Fundrise because of their track record of funding projects quickly and efficiently.”

Since its founding, Fundrise has given thousands of individual investors an opportunity to invest in real estate in top markets around the country, including landmark projects including 3 World Trade Center in Manhattan, Palm Springs, Brooklyn and Salt Lake City.


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!



Sponsored Links by DQ Promote

 

 

Disclosure Quest

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 22, 2026 vs Jan 1, 2025 - Oct 22, 2025

Share this graph
Number of Filings131Prior 125 +4.8%
Target Raise, Total$3.40BPrior $3.54B -3.9%
This YTDYear priorChange
Filings 131 125 +4.8%
Target raise $3.40B $3.54B -3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

0 0 votes
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 Comments
Newest
Oldest Most Voted
 
2
0
Would love your thoughts, please comment.x
()
x
Send this to a friend