On Tuesday, real estate crowdfunding platform DiversyFund announced its marketplace will be offering $120MM to fix and flippers for the acquisition and renovation of rest estate throughout California during the next twelve months.
Founder and CEO of DiversyFund, Craig Cecilio, stated:
“When you add the significant interest generated from television shows like HGTV’s Fix or Flop and A&E Network’s Flip This House, you can appreciate the heightened drive to Fix & Flip. We want to help everyone renovate homes because it benefits us all when communities are revitalized.”
DiversyFund triangulates by bringing together borrowers looking for speed, flexibility, and a great experience, and investors looking for returns much higher than they could achieve with savings accounts or mutual funds. In doing so, the Southern California firm infuses dollars into the economy from all across the country.
Cecilio then added:
“The real estate crowdfunding industry provides unprecedented opportunity to borrowers looking to improve our communities. We are thrilled to be able to be a major contributor to this exciting group of entrepreneurs.”
