iFunding, a commercial real estate crowdfunding platform, announced on Wednesday that it has repaid its largest commercial loan to date for an investment in a $55 million construction project for two Courtyard Marriott hotels and a major office building located in Stamford, Connecticut.
While iFunding has offered its investors multiple multi-million deals, this $55 million deal is the largest commercial deal that has been repaid to date to the platform’s community. The deal offered participants an opportunity to investment with a $1M mezzanine loan alongside a Forbes 50 Family Office. In addition, the real estate loan was repaid ahead of schedule.
William Skelley, iFunding Founder and CEO, stated:
“iFunding takes pride in offering its investors opportunities to participate in large commercial projects. By partnering with highly regarded organizations in the real estate industry, we are able to deliver the best investments for our investors. ”
This was iFunding’s second project in conjuncture with the family office, who to date has brought five deals to the iFunding real estate crowdfunding platform. Seaboard Properties was also involved as the project sponsor for the $55M project, they own and manage a diverse portfolio of high-quality, diverse commercial and residential properties.
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