Real estate investment platform iFunded has listed a new property investment opportunity – both retail and institutional investors may participate in the security offering.
According to iFunded, the property being financed is an apartment building in Berlin with five units, three of which have already been pre-sold, during the ongoing construction. The debt-based offering seeks €350,000 and pays 6% for a 12 month term. Currently, the offering has raised €121,000. Investors may participate with just €500. As was previously reported, iFunded issues fully regulated public bond offerings.
iFunded is interesting as it accepts both fiat currency and cryptocurrency – including Bitcoin and Ethereum. The company claims to be the first real estate crowdfunding platform in Europe to accept crypto.
iFunded has also launched a real estate tokenization platform labeled iEstate. At some point in the future, iEstate plans on offering tokenized real estate portfolios starting with residential properties in Germany moving to commercial and pan-European property investments.
Our mission: make global real estate investments accessible, simple, transparent and affordable for everyone through our fully compliant blockchain based investment platform.
Are you interested? Our whitepaper is now available! #blockchain
— iFunded (@iFunded) April 30, 2019
iFunded founder and CEO Michael Stephan, a lawyer by education, commented on this most recent offering:
“We are delighted to launch another excellent real estate project in Berlin. Thanks to blockchain technology, investors from around the world can invest in Germany’s capital. Additionally, real estate is typically very capital-intensive, but the iFunded platform removes this barrier and makes real estate investments accessible for everyone.”
iFunded has reported having funded 18 real estate projects – with a total volume exceeding €90 million.
Based im Berlin, iFunded allows both retail and institutional investors to participate in real estate projects in Germany, Switzerland and Austria. iFunded is also a member of the International Token Standardization Association.
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