Real Estate

August 1, 2022 @ 9:27 am By JD Alois  |  

GenoCrowd is reporting that it has taken just three days to raise its funding threshold for a real estate project. The “Das Rosenthaler”  property located in Nuremberg and managed by W&L AG, will return 5.5% interest to investors with early backers adding 50 basis points… Read More

July 26, 2022 @ 5:40 pm By Omar Faridi  |  

Nationwide has invested in a rent-to-own start-up “helping first-time buyers unable to access typical mortgages get a home by saving a slice of their rent to build the deposit.” The investment in Kettel Homes forms “part of Britain’s biggest building society’s efforts to help its… Read More

July 26, 2022 @ 12:01 pm By JD Alois  |  

TestFit has raised $20 million in a Series A funding round led by Parkway Venture Capital. This brings total funding to date for the startup to $22 million, according to a company statement. TesetFit is an artificial intelligence (AI) enhanced software platform that aims to… Read More

July 25, 2022 @ 12:16 pm By JD Alois  |  

CrowdStreet on the Impact of Inflation. Inflation is hitting multi-decade highs, and the US Federal Reserve is raising interest rates rapidly in a rear guard action aimed at taming what is effectively a hidden tax. While the administration claimed for many months that rising prices… Read More

July 23, 2022 @ 9:57 am By Omar Faridi  |  

Security Token Market (STM) has announced that the global market “leader” in US real estate tokenization, RealT, has joined the STM data partnership network. RealT was “launched in 2019 and has built a vibrant and growing investor community of over 9,200 active investors from 135… Read More

July 21, 2022 @ 12:49 pm By Omar Faridi  |  

Residently has secured £4.5 million of funding to finally “bring renting into the modern age.” By digitizing the end-to-end customer experience in a $2 trillion market, Residently will “streamline operations for property owners and renters, reducing costs and delays throughout the full 360 rental experience.”… Read More

July 18, 2022 @ 4:43 pm By JD Alois  |  

Fundrise, a real estate investment platform that has long leveraged Reg A+ to offer REIT investments, is expanding its pool of offerings according to an email. Fundrise will soon offer the “Fundrise Innovation Fund” aiming to provide access to “high growth, pre-IPO technology companies.” As… Read More

July 17, 2022 @ 11:15 pm By Omar Faridi  |  

New research from Bank of London and The Middle East (BLME) reveals pandemic restrictions had “little impact” on real estate investment from Gulf Corporation Council (GCC) countries into the UK. Based on in-depth interviews with experts from real estate services companies holding more than £60… Read More

July 16, 2022 @ 4:10 pm By JD Alois  |  

Last week, an amended S-4 with the Securities and Exchange Commission (SEC) detailing the pending SPAC deal with Aurora Acquisition Corp. (NASDAQ: AURC) and Better.com, an online lender in the mortgage sector. In a release, Vishal Garg, CEO and Founder of Better, issued the following… Read More

July 13, 2022 @ 5:39 pm By JD Alois  |  

AQRU plc (AQSE: AQRU) has announced a partnership with Blimp Technologies (Blimp Homes) to launch a crypto mortgage platform titled ByBrix. AQRU believes there is a sufficient market for crypto back home loans. Noting there are around 147K wallets holding $300K or more of Bitcoin,… Read More

July 2, 2022 @ 2:27 pm By Omar Faridi  |  

Proptech startup Properti has successfully closed a second seed financing round of 6 million Swiss francs. With the fresh capital, Properti is accelerating its growth in Switzerland and “further expanding its proprietary tech platform.” In addition to lead investor Serpentine Ventures, the startup also “convinced… Read More

June 30, 2022 @ 12:36 pm By Omar Faridi  |  

Clear Capital, a national real estate valuation tech firm, has announced the launch of two Application Programming Interfaces (APIs), Property Valuation API and Risk Assessment API. Each API connects directly into existing systems “through a single integration for lenders, investors, and system providers, making it… Read More

June 29, 2022 @ 3:34 pm By JD Alois  |  

CrowdStreet, a real estate investment platform, says they are expanding opportunities for individual investors in spite of the ongoing market volatility and rising interest rates. Simultanesoulsy, CrowdStreet says they are hiring several new executives to better manage their growing offerings. In 2021, CrowdStreet raised $1.2… Read More

June 26, 2022 @ 11:39 pm By JD Alois  |  

Fund That Flip, a real estate investment and financing marketplace, has been recognized as a top place to work by Cleveland.com. The Mid-western venture ranked in 1st place among midsized companies for 2022. Fund that Flip is said to currently employ 230 individuals including 140… Read More

June 23, 2022 @ 10:50 am By JD Alois  |  

Aided by Praxent, Sage Equity Partners is launching a “crowdfunding platform for modern investors” according to a company release. Praxent is a “a Fintech UX and engineering” firm that is working with Sage on the platform labeled “SageStreet.” Houston based Sage Equity Partners  is described… Read More

June 22, 2022 @ 11:57 pm By Omar Faridi  |  

ARA Venn, a specialist investment manager of private debt in the residential sector, has “completed a fund-raise of up to £280m to invest in home-finance plans” to be originated by StrideUp, a digital home finance group that is “co-owned by ARA Venn.” Over the past… Read More

June 22, 2022 @ 11:26 am By JD Alois  |  

JP Morgan (NYSE:JPM), is slashing jobs in its mortgage business as the economy slows and demand for mortgages slows, according to a report by Bloomberg. JP Morgan is an enormous financial services firms with $4 trillion in assets and a significant home lender. The report… Read More

June 22, 2022 @ 9:27 am By JD Alois  |  

Kiavi, an online lending platform serving real estate investors, has announced the securitization of $218 million in unrated residential transition loans (RTLs). Nomura Securities International was the sole structuring agent of this securitization with Nomura, Barclays Capital and Performance Trust Capital Partners, joint book-runners and… Read More

June 21, 2022 @ 6:41 pm By JD Alois  |  

Knight Dragon Investments Limited has announced the tokenization of a central London property with an expected market valuation of £140 million. Issued by its subsidiary, KD Tokens Limited, the digital asset represents an economic interest in the Upper Riverside Development located at the corporation’s ten… Read More

June 21, 2022 @ 11:34 am By JD Alois  |  

Compass (NYSE: COMP), a digital real estate listing platform, and Redfin (NASDAQ: RDFN) a similar platform have both slashed employee headcount as the economy teeters on the brink of recession. Redfin is cutting employees by 8% while Compass is reducing jobs by 10%. The two… Read More