Real Estate

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

February 10, 2021 @ 2:34 pm By JD Alois  |  

PeerStreet, a real estate crowdfunding platform, has announced a new program designed to aid underserved real estate entrepreneurs. Named the Evolving Neighborhood Uplift Fund or the E.N.U.F. project, the program seeks to create a sustainable way to invest in real estate entrepreneurs from underserved communities… Read More

February 9, 2021 @ 11:20 am By Omar Faridi  |  

We recently connected with Yann Murciano, CEO at online peer to peer lender Blend Network, who had previously explained in an interview with CI last year that we’re witnessing the “democratization of property investing” in the 21st century. As covered in December 2020, the Blend… Read More

February 3, 2021 @ 9:51 am By JD Alois  |  

Divvy Homes, a Proptech that seeks to make homeownership more attainable with flexible ownership, has announced a $110 million Series C equity funding round. The funding was led by Tiger Global Management, with participation from GGV Capital, Moore Specialty Credit, JAWS Ventures, and existing investors,… Read More

February 1, 2021 @ 3:18 pm By Samantha Hurst  |  

CHAOS, a Finland-based proptech startup, recently raised €1.5 million through its latest investment round. According to CHAOS, the round was led by Swedish investment firm Nidoco, with participation from  Kai Keituri, Tapio Heikkilä, and Stefan Lindberg (林渤方). Founded in 2017, CHAOS describes itself as an urban forecasting… Read More

January 29, 2021 @ 12:10 pm By Samantha Hurst  |  

Max Crowdfund, a blockchain-powered real estate crowdfunding platform, announced on Thursday it has expanded its services to New Zealand. The platform will launch in the country under Max Crowdfund NZ Agency Limited.  Max Crowdfund reported that the launch in New Zealand will allow investors to… Read More

January 28, 2021 @ 11:43 am By JD Alois  |  

LendInvest, a top UK based Fintech in the property finance sector, has received a compelling commitment from global banking giant JP Morgan. According to LendInvest, JPM has committed £500 million for future loan originations via LendInvest. This investment follows the sale of a £125 million… Read More

January 26, 2021 @ 3:13 pm By Samantha Hurst  |  

  Just a little over five years after securing a £25 million investment from a London-based hedge fund and consortium of angel investors, hybrid/online estate agent easyProperty has launched an equity crowdfunding campaign on Seedrs. Launched in 2013, easyProperty describes itself as a hybrid/online east… Read More

January 26, 2021 @ 9:45 am By Samantha Hurst  |  

Roostify, a U.S.-based digital lending platform, announced on Tuesday it raised $32 million through its Series C funding round, which was led by Ten Coves Capital with participation from Cota Capital, Mouro Capital, Colchis Capital, Point72 Ventures, and JPMorgan Chase. As previously reported, Roostify describes… Read More

January 25, 2021 @ 1:52 pm By Samantha Hurst  |  

PeerStreet, a leading platform for investing in real estate backed loans, announced on Monday the launch of its new investment product, PeerStreet Pocket. According to PeerStreet, the PeerStreet Pocket product allows investors to earn more interest on their cash. PeerStreet also revealed that PeerStreet Pocket… Read More

January 25, 2021 @ 10:43 am By Omar Faridi  |  

The blockchain and digital assets space is well-positioned for even more growth and adoption in 2021 by mainstream consumers and institutions. The COVID-19 outbreak has dramatically accelerated the shift towards all-digital platforms and services because it’s no longer considered safe to visit physical business locations…. Read More

January 24, 2021 @ 11:53 pm By Omar Faridi  |  

European real estate firm Vonovia has reportedly issued a €20 million digital bond on the Stellar blockchain or distributed ledger tech (DLT) platform through a partnership with firstwire, a web-based marketplace for handling debt financing, and Bitbond, which is Germany’s tokenization and digital asset custody… Read More

January 24, 2021 @ 1:32 pm By Omar Faridi  |  

UK-based Blend Network, a peer to peer (P2P) property lending platform, has revealed that they’re expanding their team of professionals.  Blend Network’s management confirmed that they’re pleased to announce that Chloe Stidston-Lewis has now joined their lending team as a lending associate. Chloe has reportedly… Read More

January 21, 2021 @ 9:06 pm By Samantha Hurst  |  

  BBVA announced on Wednesday it has signed the sale of a portfolio consisting of loans and real estate assets from Unnim for a gross total of approximately €700 million. BBVA reported it closed an agreement with global investment fund company KKR (primarily through its KKR… Read More

January 20, 2021 @ 9:04 am By Omar Faridi  |  

EstateGuru, an Estonia-based peer to peer lender facilitating secured loans, has revealed that it closed 2020 with solid results and performance in December during which the platform’s investors financed a total of €18.3 million worth of loans. EstateGuru confirmed in its loan portfolio overview for… Read More

January 20, 2021 @ 8:24 am By JD Alois  |  

LendInvest, a top UK Fintech providing property finance, is adapting to the ongoing health crisis by scheduling its first virtual conference. The LendInvest Broker Day will host a series of online sessions led by speakers including LendInvest’s Chief Executive Officer, Chief Commercial Officer, Director of… Read More