Real Estate

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

September 18, 2019 @ 1:09 pm By JD Alois  |  

Opportunity Zones are new, tax-advantaged vehicles for investors to earn more on their money. Created by the Tax Cuts and Jobs Act of 2017, the first qualified opportunity zones (QOZs) first hit the market in early 2018. Designated by state authorities, there are now thousands… Read More

September 17, 2019 @ 8:09 pm By Omar Faridi  |  

Boston-based real estate firm AssetBlock has introduced a new platform for trading commercial properties that are associated with tokens issued on the Algorand blockchain. The platform’s developers revealed on Tuesday that the new trading solution allows investors to access various real estate properties such as… Read More

September 17, 2019 @ 7:48 pm By Omar Faridi  |  

San Francisco-based firm Harbor has decided to help companies tokenize existing securities, instead of assisting them in issuing security tokens. On September 16, Harbor’s management announced that it has issued Ethereum-based tokens that represent $100 million worth of shares in four real estate funds.   The… Read More

September 16, 2019 @ 4:15 pm By JD Alois  |  

Groundfloor, a real estate lending and investing platform that allows anyone to participate directly in real estate investments, has launched a new product to make the lending process more easier for real estate investors. Groundfloor now allows certain developers to gain pre-approval on loans with… Read More

September 16, 2019 @ 4:06 pm By Omar Faridi  |  

The Real Estate Institute of Queensland (REIQ) is partnering with local tech firm Igloo, in order to develop a blockchain-powered tenancy agreement platform. The software solution is expected to launch by the end of this year, according to a company release. REIQ general manager Josh… Read More

September 12, 2019 @ 7:52 am By JD Alois  |  

Leading UK Fintech and online mortgage provider LendInvest has joined MCI Mortgage Club’s lender panel. The move was said to be driven by the desire to offer the company’s Buy-to-Let mortgage products to a wider audience of brokers. Mortgage Club members will now have access… Read More

September 11, 2019 @ 11:36 am By Samantha Hurst  |  

Real estate investment platform PeerStreet announced on Tuesday it won first place in CRETech’s 2019 Real Estate Tech Awards (RETAs for the Information & Intelligence – Crowdfunding category. According to PeerStreet, CRETech’s RETAS recognizes the year’s most innovative and cutting-edge companies that have played an integral role… Read More

September 9, 2019 @ 12:02 pm By Samantha Hurst  |  

Real estate crowdfunding platform CrowdStreet announced on Monday the launch of its new Diversified Opportunity Zone Fund. According to CrowdStreet, the fund will focus on new development and redevelopment in small and mid-market U.S. Opportunity Zone communities with high growth potential. “A Qualified Opportunity Fund… Read More

September 9, 2019 @ 8:38 am By Omar Faridi  |  

US real estate company and shared office space firm WeWork might slash the valuation it’s seeking as a public company to under $20 billion. The New York-based firm is also considering postponing its IPO, according to the Wall Street Journal. WeWork’s proposed valuation cut comes… Read More

September 7, 2019 @ 9:47 am By JD Alois  |  

Caliber Home Loans, a privately-held financial services company and a leading mortgage provider, has become the first outside lender to utilize the blockchain-based platform Provenance. Provenance is the creation of Figure, a Fintech that provides Home Equity loans leveraging the Provenance blockchain as well. Figure/Provenance… Read More

September 6, 2019 @ 10:43 am By JD Alois  |  

This past June, Smartlands announced the first UK property to be tokenized and offered to investors. The crowdfunding platform now reports that the project has closed fully funded. The student accommodation in the UK sought £1 million for a 30% equity stake in a property… Read More

September 4, 2019 @ 10:44 am By JD Alois  |  

Real estate investment platform Fundrise has raised over $22 million for their Opportunity Fund. The information was revealed in a recent Form D 5o6c filing with the Securities and Exchange Commission (SEC). The Fundrise Opportunity Fund benefits from the newly minted “Opportunity Zone” designation created… Read More

September 3, 2019 @ 8:34 am By JD Alois  |  

LendInvest, a marketplace for property finance, has announced rate reductions for their products as well as a “cashback” program for legal fees. According to a release from the platform, LendInvest will now contribute up to  £750 for legal fees on “select LTVs.” Buy to Let… Read More

August 30, 2019 @ 10:39 am By JD Alois  |  

Peer to peer property investment platform the House Crowd is crowdfunding on Seedrs. Founded in 2012, the House Crowd explains that it has evolved from an FCA regulated P2P platform in the buy to let space to doing multi-million-pound property developments. The House Crowd states:… Read More

August 29, 2019 @ 9:41 am By JD Alois  |  

Real estate crowdfunding platform Small Change is planning to launch an Opportunity Zone fund enabling access to investments in the newly minted tax-advantaged designation. As explained by the IRS: “Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are… Read More

August 22, 2019 @ 4:41 pm By JD Alois  |  

Real estate investment platform Groundfloor has announced a new feature that the “wealthtech” company is claiming is an industry first. Groundfloor is now providing non-accredited investors access to fractionalized real estate loans so investors may better manage risk – something previously only available to accredited… Read More

August 19, 2019 @ 8:44 am By Samantha Hurst  |  

U.S.-based homeownership platform Better.com announced on Monday it closed its Series C funding round at $160 million, bringing its total funding to $254 million in total. According to Better.com, Activant Capital, Ping An Global Voyager Fund, Ally Financial, Citi, AGNC, Healthcare of Ontario Pension Plan… Read More

August 14, 2019 @ 3:45 pm By Samantha Hurst  |  

Yielders, a property investment platform based in the UK, completed its equity crowdfunding campaign on Seedrs with a total of £661,135 in funding raised. Through the funding round, Yielders offered 4.76% in equity with a £10,004,118 pre-money valuation. As previously reported, Yielders claims to be… Read More