Real Estate

November 15, 2023 @ 8:46 pm By Omar Faridi  |  

Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world’s leading enterprises to Build for Change, announced that Shawbrook, a UK-based specialist savings and lending bank, has deployed Pega Platform “to transform its buy-to-let mortgage underwriting process.” Shawbrook continues to “invest in its unique… Read More

November 15, 2023 @ 10:21 am By JD Alois  |  

Following an investment from Blackstone, Redpin has announced the launch of a payments service for the global property market. Redpin is the owner of global digital international payment services to private clients and SMEs Currencies Direct and TorFX. Redpin says it aims to provide embedded… Read More

November 14, 2023 @ 9:55 pm By Omar Faridi  |  

Despite mortgage rates reaching 23-year highs, low inventory levels “are spurring surprisingly strong competition,” according to Zillow‘s (NASDAQ: Z and ZG) latest market report1. Depleted inventory stocks are “gradually recovering, and price appreciation is slowing, but demand has remained resilient, and attractive, appropriately priced listings… Read More

November 12, 2023 @ 9:33 pm By Michael Wong  |  

Several European crowdfunding platforms are joining forces to create what they call an alternative finance “super-platform” in response to the latest European crowdfunding regulations. Kapitaal op Maat (KoM), Max Crowdfund (MCF), and Capital Circle (CaCi) have announced plans to merge, creating a larger platform with… Read More

November 11, 2023 @ 8:16 pm By Omar Faridi  |  

AvidXchange, a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced its partnership with AppFolio, the technology firm powering the future of the real estate industry. This partnership will provide customers in the real estate industry… Read More

November 10, 2023 @ 4:00 pm By JD Alois  |  

Mogul, a new real estate investment platform, has raised $3.6 million in seed funding, according to a company statement. The company said the round was over-subscribed and led by Anitha Vadavatha (AY Ventures), with participation from Tim Draper & Associates, Draper B1, InterVest, Draper Dragon,… Read More

November 7, 2023 @ 9:55 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer SIB Group – has reportedly repaid investors a €200 000 loan (real estate project “Lini namai”) and paid €41,076 in interest to our investors. PeerBerry enters its seventh year of operations “with a record amount of funded loans… Read More

November 7, 2023 @ 7:25 am By Omar Faridi  |  

Terazo, a private market investment platform in India, has joined forces with Tokeny, the leading tokenization platform, “to spearhead the first regulated tokenized real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA).” Tokeny is a… Read More

November 5, 2023 @ 7:45 pm By Tony Zerucha  |  

Foyer, which bills itself as the 401(k) for Homeownership, this week announced that the company is live across Michigan. The company, founded by former Better.com executive Landy Liu, provides accelerated savings programs and a platform of purchasing resources so first-time homebuyers can confidently make their… Read More

October 25, 2023 @ 10:50 am By Tony Zerucha  |  

Groundfloor this week launched Groundfloor 3.0. Derived from a decade of insights from more than 230,000 investors, Groundfloor 3.0 is designed for mass market investors seeking exposure to private market real estate. “The alternative investments industry has scaled to the point where it’s now possible… Read More

October 24, 2023 @ 7:31 am By Omar Faridi  |  

TAB, the real estate finance and investment house set to have a £500m loan book in 2024, has completed a private securitisation facility with NatWest and Atalaya Capital Management of “up to £300m to support TAB’s lending products.” Both funding partners support TAB’s commitment to… Read More

October 18, 2023 @ 3:26 pm By JD Alois  |  

Real estate platform Pacaso provided a brief update earlier this month, reporting on three years of operations. According to the platform, it has now enabled over 1,500 owners who have spent 90,000 nights in the homes at forty different destinations. The company says that second… Read More

October 16, 2023 @ 11:03 pm By Omar Faridi  |  

PeerBerry’s business partner – real estate developer Lithome – repaid investors a EUR 320 000 (real estate project “City Stories”, funding of the first construction stage) loan and paid EUR 30,406 in interest. PeerBerry closed one more record month – in September, PeerBerry investors funded… Read More

October 16, 2023 @ 7:17 pm By Omar Faridi  |  

Home values took an uncharacteristic step down in September, albeit a small one, according to the latest Zillow (NASDAQ: Z and ZG) market report. Competition is easing faster than normal this fall “as buyers contend with the highest mortgage rates in more than 22 years.”… Read More

October 14, 2023 @ 9:23 am By Omar Faridi  |  

While the summer may traditionally be a quieter time of the year for many businesses, CrowdProperty says that it bucked the trend by funding £100 million in property development projects within the last quarter. The CrowdProperty team of experts claims that they “continued to be… Read More

October 6, 2023 @ 11:45 am By Omar Faridi  |  

LendInvest (LSE:LINV), which claims to be the UK’s leading platform for mortgages, has made key reductions to its Residential Mortgage range as it continues “to improve its offering for key workers, the self-employed and those with complex income streams and credit histories.” The lender’s Residential… Read More

October 6, 2023 @ 8:45 am By Omar Faridi  |  

Habyt, the flexible housing provider, has raised €40M in a series C round as it expands globally and consolidates its market share. This investment round is “led by the new investors Korelya Capital (Paris-based) and Deutsche Invest (Munich-based). It was also participated by new investors… Read More

October 4, 2023 @ 9:31 pm By Omar Faridi  |  

Homki, which aims to transform the real estate industry, has raised 118% (€355,308) of its €300,000 target from 157 investors (at the time of writing) via its crowdfunding campaign, carried out via Crowdcube with 14 days left in the sale. Homki says its mission is… Read More

October 4, 2023 @ 9:16 pm By Omar Faridi  |  

Splitero, the financial technology company that provides homeowners better options to access their home equity, announced the launch of its new real estate brokerage and affiliate company, Splitero Homes. As a home equity partner, Splitero has a vested interest in helping homeowners get the best… Read More

October 4, 2023 @ 2:17 pm By Omar Faridi  |  

Six months into 2023, private real estate was still “weathering ongoing macroeconomic headwinds,” according to an update shared by Pitchbook. In the US, the federal funds rate “has steadily increased since March 2022, hovering within a range of 5.0% and 5.25% as of the end… Read More