Real Estate

October 31, 2019 @ 10:56 am By JD Alois  |  

LendInvest, a UK based Fintech platform for property finance, has hired a new Director of Mortgage Underwriting, and a second Business Development Manager for the North West. According to a note from LendInvest, Gene Clohessy joins the team as Director of Mortgage Underwriting and will… Read More

October 30, 2019 @ 8:55 am By JD Alois  |  

tZERO, a subsidiary of Overstock (NASDAQ:OSTK) and a prominent digital securities platform, will tokenize a 180-unit luxury residential development that is located in Manchester, UK. The tokenization is being completed in partnership with Alliance Investments, a UK-based direct-to-developer real estate investment company. River Plaza claims… Read More

October 30, 2019 @ 2:00 am By JD Alois  |  

This past June, France saw its first security token offering based on a real estate transaction. The process was managed by Equisafe, a platform that describes itself as a “neo investment bank.” The digital securities raised €6.5 million. In a blog post from August, the… Read More

October 29, 2019 @ 1:10 pm By JD Alois  |  

Peer to peer property lender, CrowdProperty, is reporting that it has now lent more than £50 million after closing on the 121st loan today during a “record month” of lending £5 million. CrowdProperty says it has supported the development of over £120 million of property… Read More

October 28, 2019 @ 11:12 am By JD Alois  |  

Groundfloor, an innovative real estate crowdfunding platform that leverages Reg A+ to offer investments to everyone, has announced the launch of its self-directed IRA program. Now, anyone may diversify their retirement savings by creating a custom real estate portfolio by using the Groundfloor platform. According… Read More

October 28, 2019 @ 10:37 am By JD Alois  |  

PeerStreet, a leading platform for investing in real estate backed loans, has closed on a $60 million Series C funding round led by Colchis Capital as the Fintech continues to execute on its unique approach to online lending. Existing investors Andreessen Horowitz, World Innovation Lab… Read More

October 26, 2019 @ 3:22 pm By JD Alois  |  

Automation Finance (AF), a distressed debt platform in the real estate sector, is seeking $50 million in a Reg A+ offering. Founded in 2015, AF claims that it has returned a weighted average of 21.5% to investors in its 3 earlier funds. This newest offering… Read More

October 24, 2019 @ 1:58 am By Cali Haan  |  

Tokyo-based firm Lead Real Estate has announced plans to, “develop condominiums and hotels in Tokyo’s popular areas such as Ginza, Shinjuku, Shibuya, Ebisu, Shinagawa, and Meguro by using funds raised through issuing security tokens (STOs).” The firm believes a combination of factors, including local RE investing… Read More

October 23, 2019 @ 9:58 am By Omar Faridi  |  

London-based Santander InnoVentures recently led an expansion investment round for San Francisco-headquartered Roostify, an online mortgage lending platform. The size of the investment made has not been shared publicly. Established in 2012, Roostify provides an integrated platform that connects customers and lenders in order to… Read More

October 22, 2019 @ 3:41 pm By JD Alois  |  

IIRR Management Services (IRM) claims to be one of the largest crowdfunded real estate investment firms in the world. IRM is owned by RREAF Holdings and iintoo Investments. The company recently took over management of Realtyshares’​ portfolio – once a prominent entrant in the real… Read More

October 19, 2019 @ 11:36 am By Omar Faridi  |  

UK-based Proportunity, a Fintech firm for first-time property buyers, has raised £2 million (appr. $2.6 million) through a seed investment round in order to fund the development of its home equity lending platform. Proportunity’s management claims they’re the only help-to-buy challenger in the market that… Read More

October 18, 2019 @ 11:46 am By Omar Faridi  |  

United Arab Emirates (UAE)-based real estate firm Emaar Properties has launched a new blockchain token-based referral and loyalty platform. Emaar, the developer of Burj Khalifa, the world’s tallest building, and the Dubai Mall, intends to use the EMR token to reward its customers, according to… Read More

October 14, 2019 @ 10:23 am By Samantha Hurst  |  

Commercial real estate crowdfunding platform ArborCrowd announced last week a new offering today that allows investors to acquire equity interests in Biscayne 112, a Class-A, ground-up development located at 11200 Biscayne Boulevard in North Miami. According to ArborCrowd, the offering presents an opportunity for investors… Read More

October 14, 2019 @ 10:10 am By Samantha Hurst  |  

AvidXchange, a U.S. fintech that provides accounts payable and automated payment solutions to midsize businesses, announced on Monday it has expanded its strategic e-payments partnership with MRI Software, a real estate software solutions provider. AvidXchange reported that as part of the enhanced partnership, it and… Read More

October 14, 2019 @ 10:01 am By Samantha Hurst  |  

Property data provider Estated announced last week it has integrated with Blend Insurance Agency, a subsidiary of digital lending platform Blend. According to Estated, Blend Insurance Agency is currently building on Blend’s core services and mission to improve the home buying experience by removing issues… Read More

October 9, 2019 @ 8:46 am By JD Alois  |  

Huge German real estate developer, Bauwens Group, has invested in security token issuance platform Fundament Group ostensibly with the intent of issuing digital assets backed by real estate. Details on the investment were not disclosed. Bauwans Group has an estimated €6.7 billion in managed project… Read More

October 1, 2019 @ 10:17 am By Samantha Hurst  |  

Assetz Exchange, a UK-based property crowdfunding platform, has closed its equity crowdfunding on Seedrs with a total of £750,367 raised. The funding round launched earlier this summer and quickly raised its initial £350,000 funding target. Assetz Exchanged offered 4.83% in equity at a £6,902,276 pre-money… Read More

September 26, 2019 @ 8:35 am By Samantha Hurst  |  

LendInvest, a UK-based online marketplace for mortgages, announced on Thursday it has joined mortgage club Brilliant Solutions’ lender panel in order to bring its Buy-to-Let (BTL) mortgage product distribution to a wider network of brokers.  LendInvest claims that Brilliant Solutions is an “industry expert” in… Read More

September 25, 2019 @ 8:20 am By JD Alois  |  

The Securities Commission Malaysia (SC) has registered EdgeProp Sdn Bhd as the first “Recognised Market Operator” to establish and operate a property crowdfunding platform in Malaysia. EdgeProp was granted an approval in principle in September 2019. EdgeProp currently provides a portfolio of services for the… Read More

September 21, 2019 @ 4:21 pm By JD Alois  |  

Real estate investment platform Rich Uncles (BrixInvest LLC) was hit with a lawsuit this past week filed in the Superior Court of the State of California in Los Angeles. Rich Uncles uses non-listed REITs, typically using the Reg A+ securities exemption, to enable investors to… Read More