Real Estate

March 12, 2021 @ 7:36 am By Omar Faridi  |  

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, has released its loan portfolio overview report for the month of February 2021. EstateGuru reports that in February, they continued to apply their “proactive” business model, and this led to the financed loan amount exceeding €10M (again),… Read More

March 10, 2021 @ 9:13 am By JD Alois  |  

Property finance marketplace LendInvest has enlisted Jumio to streamline LendInvest’s digital application process for its Buy-to-Let (BTL) product.  According to a note from LendInvest, the company will now incorporate Jumio’s biometric ID verification technology to speed up the lending process. LendInvest says this partnership makes… Read More

March 8, 2021 @ 10:30 pm By JD Alois  |  

Thomvest is a VC firm that is heavy into Fintech with investments in firms like SoFi and Figure or Kabbage and Creditjusto. Several investments (IE Kabbage and SoFi) have been successfully exited, while others remain portfolio companies. Overall, Thomvest touts 9 investments in unicorns and… Read More

March 3, 2021 @ 3:50 pm By JD Alois  |  

tZERO has partnered with Earn.re a digital asset issuance platform for real estate securities. According to a release, tZERO ATS and Earn.re will work together on commercial real estate tokenization. Earn’s network of U.S.-based commercial property issuers will now be able to elect to provide… Read More

March 2, 2021 @ 12:17 pm By JD Alois  |  

tZERO has partnered with ROI Group, a real estate development company, to digitize up to $50 million of preferred equity in a luxury hotel and residential development located in downtown Dubai, according to a release. The tokenization will utilize the Tezos Blockchain. This is said… Read More

March 1, 2021 @ 8:41 am By Omar Faridi  |  

Property finance platform LendInvest notes that supporting Limited Company Buy-to-Let clients is one of their “specialties,” with criteria tailored to support professional and portfolio landlords to “get the most out of our product range.” At LendInvest’s recently-held 2021 Broker Kick Off Event, their expert BDM… Read More

March 1, 2021 @ 8:13 am By Omar Faridi  |  

Online peer-to-peer lender Blend Network notes that the UK was the world’s first country to authorize and begin administering the Pfizer/BioNTech vaccine on December 8, 2020. The vaccine had been on track to immunize 15 million individuals by February 15, 2020. The immunization efforts have… Read More

February 27, 2021 @ 4:13 pm By JD Alois  |  

Property finance platform LendInvest has announced Strategic Partners for 2021 with 35 broker firms joining the program.  LendInvest explains that they recognize key broker firms as those that submit a high level of consistent business to LendInvest. Strategic Partners may access dedicated staff to service… Read More

February 25, 2021 @ 8:09 am By Omar Faridi  |  

The Security Token Group (STG), which aims to reinvent capital markets with blockchain-based security tokens, has published its January’s edition of the Security Token Market Real Estate report. The report, which was released on February 22, 2021, notes that their security token market tracking site… Read More

February 22, 2021 @ 7:24 pm By Omar Faridi  |  

Ubitquity LLC, an enterprise-grade blockchain-enabled platform for real estate and title recordkeeping, is teaming up with LavaTrust Consultancy in order to gain key insights into the US real estate closing sector. Headquartered in Vancouver, BC, Canada, LavaTrust Consultancy aims to bring its industry expertise and… Read More

February 22, 2021 @ 9:14 am By JD Alois  |  

OakNorth Bank says it has completed a £5.6 million loan to convert vacant pub and hotel, Antigallican Hotel, in Charlton into a mixed-use building with 60 studio apartments. The loan was made to Gallican Investments Limited, which is led by the team behind Dandi founded… Read More

February 22, 2021 @ 7:34 am By Omar Faridi  |  

Chris Macklin, Chief Risk Officer at Assetz Capital, a peer-to-peer lender that originates secured loans, has provided a loan book update. As noted in a blog post by Assetz Capital, Macklin explained how the platform managed the loan book during the COVID-19 pandemic and shared… Read More

February 21, 2021 @ 7:44 pm By Omar Faridi  |  

Fundrise, a real estate investment platform using Reg A+ to provide access to “eREITs and eFunds,” notes that it’s hard to imagine a single person or industry who may have been left untouched by the unprecedented events of 2020 (following the COVD-19 outbreak). Fundrise is… Read More

February 19, 2021 @ 9:22 am By JD Alois  |  

Brickowner, a property investment platform, has launched a secondary market for securities purchased on their site. Investors may now buy and sell their securities for properties funded on the Brickowner platform. The London-based investment site said this brings liquidity to investments that originated on their… Read More

February 18, 2021 @ 10:34 am By JD Alois  |  

LendInvest, a digital property finance platform, has issued a new range of Buy-to-Let products. The Fintech says it has reduced rates across its five-year fixed rate BTL range, with its 65% LTV product now available at 3.29% with a maximum loan of £1.5 million. Additionally,… Read More

February 18, 2021 @ 8:59 am By JD Alois  |  

Following its initial public offering, online mortgage lender loanDepot (NYSE:LDI) is out with Q4 earnings. According to a company statement, loanDepot generated record revenue, as well as earnings as top-line numbers, came in at $4.3 billion generating $2 billion of net income. Shares in loanDepot… Read More

February 16, 2021 @ 9:38 am By Samantha Hurst  |  

  Propertybase, a U.S.-based real estate software provider, announced on Tuesday it has acquired Cross Media, LLC, producer of Unify, a full suite mortgage-specific business growth platform. According to Propertybase, Unify offers a “turnkey platform with the richest” set of tools to identify and concert… Read More

February 12, 2021 @ 1:34 pm By Samantha Hurst  |  

    UpEquity, a U.S.-based tech-enabled mortgage platform creating a better way to buy a home, announced on Thursday it raised $25 million through its Series A funding round, which was led by Next Coast Ventures. According to UpEquity, the funding consists of $7.5 million… Read More

February 12, 2021 @ 10:28 am By Omar Faridi  |  

CapitalRise, a UK-based prime property lending platform, has reportedly advanced a £6.7 million loan to local property developer Elleric. The loan was provided for the acquisition and development of an office building into eight luxury residential apartments located at Breams Buildings in Holborn (in central… Read More

February 10, 2021 @ 10:10 pm By JD Alois  |  

  Real estate has always held a certain allure for sophisticated investors as typically, over the long run, it appreciates in value and can also generate a  good amount of immediate cash flow – so both yield and capital gains. Until recently, unless you had… Read More