Real Estate Crowdfunding Platform RealtyShares Hits $100M Milestone

On Monday, accredited crowdfunding platform RealtyShares announced it has reached more than $100 million invested to date.

realtysharesEach investment was made on the platform from accredited and institutional investors who have invested in over 270 transactions involving over 1,500 different properties.

CEO of RealtyShares, Nav Athwal, stated:

“Crossing the $100 million mark, which actually occurred a while ago while we weren’t looking, is a major milestone in the short history of our company. We’ve always been a leading real estate crowdfunding company – or online marketplace, as some refer to the space — and reaching this benchmark further cements our status as a trusted provider in the industry.”

Javier Benson, RealtyShares’ Director of Investments, noted:

“We’re continuing to see strong investor demand across our several product types. We’ve offered opportunities across several different property types, but more importantly our various hybrid products like mezzanine debt and preferred equity have met with strong demand from investors.”

Nav AthwalAthwal then noted:

“We have now provided capital to fund approximately 250 investment opportunities across over 1,600 properties across the country.”

Earlier this month, Athwal shared details about the various properties the crowdfunding platform has funded:

“Sponsors have found our platform to be a viable new source of capital.  Borrowers have been able to get their loans funded quickly and efficiently. Investors now enjoyed access to diversified deal flow across many different product types and geographic locations.  We’re excited to see our business model being proven on an ever-increasing scale.”

Benson also added that both debt and equity investments were popular with the platforms investors:

Javier Benson“We’re continuing to see strong investor demand across many property and product types. Apartment properties and single-family residential loans have always been of interest to our investor base, but recently we’ve also had solid success with retail properties and other asset classes.  We have enjoyed particular success recently with our hybrid products like mezzanine debt and preferred equity, each of which have met with strong demand from investors.  Our product offerings are among the broadest in the industry, and we plan to continue to expand our deal flow to fulfill increased investor demand across all product types.”

 

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  • Sunny

    I would caution that 2016 and beyond will be interesting for the crowd funding area. We had one deal that went south on realtyshares so far in 10+ investments I have made. On midnight pass rd after 15 months of our funds being debited, the principle has been returned but no returns as sponsor was not making progress on project. Realtyshares claims that they have spent money for legal costs and have managed to get the sponsor to refinance and give back principal. To make investors trust that they have done their best they should be transparent about how much real money did they spent on legal costs (don’t -“double or single” count time spent by your existing staff in chasing with the sponsor).

    The pace of property prices will start slowing down and will be good to watch how the sponsors can continue to project high returns in stabilizing markets

    • Paul Ryan

      Hi Sunny

      I have seen your posts where one of your deals returned principal only. I review all debt deals and they claim that they have return investors money with interest for all debt deals so far.

      Can we connect to discuss this more. I am investor in RS also.

      • Sunny

        Mine was not a debt deal. It is an equity one.

        • Paul Ryan

          is there a forum out there where I can connect with other investor who invest real estate crowdfunding?

          • crowdfundinsider

            Hi Paul,
            Check out Bigger Pockets:
            https://www.biggerpockets.com/

            This is real estate in general but certain forums do discuss REC.

            JD

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