DiversyFund Debuts $50 Million Growth Fund for Multifamily and Commercial Real Estate Deals

DiversyFund, a real estate crowdfunding marketplace, announced on Monday it has launched its Commercial and Multifamily Real Estate Growth Fund. The funding portal reported that investors in this fund will own shares of a variety of real estate investments, with 80% of the fund dedicated to commercial and multifamily properties. Projected returns are between 15% and 20% per year. The minimum investment is $5,000.

According to DiversyFund, the Growth Fund is its second fund offering, following its Income Fund. The Growth Fund is intended for investors willing to build wealth through real estate for a period of at least five years. DiversyFund CEO, Craig Cecilio, stated:

“We believe the way we invest in real estate has to change. Up until now, it has been next to impossible for the average investor to get involved in commercial and multifamily real estate projects. But through our platform, investors now have access to top-line real estate asset classes previously limited to a select few.”

DiversyFund also reported that during the first years of the fund it will use its capital to invest in a series of projects. After five years, DiversyFund will then start to sell its assets and make final distributions to its investors. Investors will have the option of early redemption after two years. Cecilio then added:

“We continue to search for the best and most unique multifamily and commercial real estate opportunities for our investors using our combined expertise. California is among the best areas in the world for real estate appreciation. We know the California marketplace. Now, through our platform, anyone around the world can invest in real estate in this area. Our structure doesn’t just give us an advantage when finding the best properties to invest in. It also allows us the opportunity to charge our investors with zero platform fees. DiversyFund was started with the intention of changing real estate investing, and we are well on our way with this exciting, new fund.”

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