On Monday, RealtyShares announced several developers have returned to its real estate crowdfunding platform for additional projects.
The website confirmed that Chris Wooten of Own Home, LLC, which funded his second residential acquisition in Nashville, Tennessee, and raised $398,000 from investors on the RealtyShares platform in October. Wooten revealed:
“RealtyShares provides an easy to use platform for obtaining funds to flip properties at rates lower than many other lenders. Closing in ten days gives me the leveraging tool of speed to close, making my offer more competitive than others.”
Texas-based GJS Capital Ventures funded its second deal with RealtyShares also and secured $111,000 for a single-family home. Greg Saunders of GJS, stated:
“I used RealtyShares again after my first flip because of how easily they closed the first file. Once they had my paperwork it was as simple as finding another property. One big advantage of RealtyShares is their consistency as your lender once you have pre-qualification in place, while private and hard money lenders can get cold feet and back out.”
Devan McClish of Olympus Developments, LLC, closed his second residential fix and flip just one month after his first deal, for a combined total of $310,000 raised. McClish noted:
“RealtyShares was easy to deal with, especially after they had all of my information from the first time around. It’s a quick and easy way to fund renovation deals, and the interest and points are much lower than any hard money lenders in my local market.”
Sharing details about the returning developers, Kelly McDonald, Vice President of Residential Debt at RealtyShares, added:
“RealtyShares prides ourselves on being a lifetime lender for our clients. Our goal is to build a relationship with our clients that can help them scale their business and achieve all their financial goals. Their success is our success.”
To date, RealtyShares’ network of investors has successfully funded upwards of $200 million for over 400 investment opportunities, which includes residential and commercial projects in 31 states.