In a brief update, real estate crowdfunding platform RealtyMogul.com reported the platform has now returned over $50 million in principle and interest to investors. RealtyMogul.com called the accomplishment a “significant milestone for the company and the category. Investors have had zero principle loss since the company’s inception.”
RealtyMogul.com has facilitated over $220 million in both debt and equity for over 200 transactions. This places the real estate marketplace as the largest of its kind in the US.
RealtyMogul.com has recently entered the REIT sector by launching its first “MogulREIT I” – a non-traded fund that is available to non-accredited investors via its platform. The MogulREIT seeks to generate income for investors and, according to the company, is currently distributing an 8% annualized dividend.
RealtyMogul.com CEO and founder Jilliene Helman commented on the launch of the REIT in August;
“Until now, RealtyMogul.com was only open to accredited investors. To date, over 80,000 people have expressed interest in what we do by joining our investor network, but only the 25,000 accredited investors within that group could invest through our platform. We felt that if our core purpose hinged upon providing access, we needed to create a way to provide more people with greater access to real estate investing through our platform.”