Tagged: ifunding

April 7, 2021 @ 5:04 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained final judgment concluding the fraud case against real estate crowdfunding platform iFunding and defendant William C. Skelley. iFunding was an early entrant in the real estate crowdfunding market that issued securities under Reg D 506c, a new… Read More

July 17, 2019 @ 5:42 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has posted final judgments in the case of real estate crowdfunding platform iFunding and co-founders William Skelley and Sohin Shah.  The two founders were charged last year by the SEC Enforcement Division regarding allegations of fraud in the misappropriation… Read More

January 25, 2019 @ 4:31 pm By JD Alois  |  

iFunding was an early entrant into the real estate crowdfunding sector. Once Title II of the JOBS Act became law (Reg D 506c), it opened up a new world of online promotion for securities offerings and real estate almost immediately became one of the hottest… Read More

September 27, 2018 @ 1:33 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has filed a complaint against real estate crowdfunding platform iFunding, along with co-founders William Skelley and Sohin Shaw. The complaint alleges that Skelley and Shaw pursued a “fraudulent scheme to misappropriate investor funds.” CI Senior Contributor and securities attorney… Read More

August 15, 2017 @ 3:06 pm By JD Alois  |  

iFunding, a real estate crowdfunding platform, is insolvent according to several sources. In recent days, information has cropped up that investors have been left holding the remains of the company that included properties with an estimated value of $20 million. One individual estimated the number… Read More

August 14, 2017 @ 4:55 pm By JD Alois  |  

The chatter on Bigger Pockets regarding iFunding has taken a new twist. In a series of public posts investors are referencing a possible bankruptcy for the real estate crowdfunding platform. According to the posts, a company named Jazco has offered to take over the remaining deals… Read More

August 9, 2017 @ 2:33 pm By JD Alois  |  

  iFunding, a real estate crowdfunding platform, is getting hammered on Bigger Pockets – a real estate investment forum. iFunding has had a choppy operational history at best. The platform has been peppered with high profile partnerships and then departures. Two unrelated lawsuits, in which… Read More

October 5, 2016 @ 8:23 am By Samantha Hurst  |  

On Wednesday, real estate crowdfunding platform iFunding announced it raised $600,000 of preferred equity financing for the completion of a multi-family apartment complex, EVIVA Midtown, which is located in Sacramento, California’s Midtown neighborhood. The funding portal revealed that Integral Group, the partner of the financing… Read More

August 31, 2016 @ 7:43 am By JD Alois  |  

Real estate crowdfunding platform iFunding (Innovational Funding LLC) has settled a lingering lawsuit regarding a shareholder claim against the young  company. According to information provided by iFunding, the lawsuit brought against the company by Michael J. Turner has been settled for cash.  The cash settlement… Read More

August 23, 2016 @ 9:16 am By Samantha Hurst  |  

Real estate crowdfunding platform iFunding announced on Tuesday it raised $1.95 million in preferred equity for a student housing apartment community which is located in Gainesville, Florida. The investment is being made just as the more than 600 bedroom property prepares to open for occupancy. Sharing details… Read More

August 1, 2016 @ 8:59 am By Samantha Hurst  |  

Over the weekend, real estate crowdfunding platform iFunding announced it had raised a total of $750,000 for a senior bridge loan in Denver, Colorado. The website confirmed that this loan is structured to accommodate a dynamic real estate strategy. The Bruckal Group was selected for the loan… Read More

July 14, 2016 @ 10:25 am By Samantha Hurst  |  

On Thursday, real estate crowdfunding platform iFunding announced it has secured $6.2 million in total financing for the recapitalization and renovation of a 26-unit, 6-story residential building in Asbury Park, New Jersey over the past nine months. iFunding revealed it originally provided acquisition financing totaling $2.85… Read More

July 1, 2016 @ 9:48 am By Samantha Hurst  |  

Real estate crowdfunding platform iFunding announced on Friday it has secured $700,000 for the acquisition and renovation of a 40-unit multifamily community located in Dania Beach, Florida, which is located between Miami and Fort Lauderdale. The sponsor of the project, KVR Properties, is known an experienced multifamily… Read More

April 18, 2016 @ 8:53 am By JD Alois  |  

Real estate crowdfunding platform iFunding has closed a $730,000 raise on an 8 unit for sale condo building in Washington, DC neighborhood Glover Park.  The development was sponsored by Columbia Property Capital, a developer in DC that speciallizes in condo conversion. Guy Prudhomme, President &… Read More

March 16, 2016 @ 2:09 pm By JD Alois  |  

In a pretty big win for the real estate crowdfunding platform iFunding, the lawsuit filed against it by CapStack Partners was “discontinued with prejudice in all respects” yesterday. Crowdfund Insider reported in January that CapStack Partners had filed a grievance with the Supreme Court of… Read More

February 4, 2016 @ 10:44 am By Samantha Hurst  |  

On Thursday, real estate crowdfunding platform iFunding announced that it has hit a new milestone. The portal revealed that it returned over $5 million of capital to investors during 2015’s calendar year. Founder and CEO of iFunding, William Skelley, shared: “The entire team is excited… Read More

February 3, 2016 @ 12:58 pm By Samantha Hurst  |  

Real estate crowdfunding platform, iFunding, announced on Wednesday it has hired Daniel Drew as Vice President and Head of Real Estate. He will be in charge of expanding the organization’s business development and platform offerings for investors and institutions. Drew  joins the iFunding team from… Read More

February 2, 2016 @ 10:34 am By Samantha Hurst  |  

On Tuesday, commercial real estate crowdfunding platform, iFunding, announced it has completed preferred equity financing for the construction of an 118-unit multifamily building, Eviva Midtown, in the Midtown District of downtown Sacramento, CA. The total project cost is $41 million. According to the funding portal,… Read More

January 27, 2016 @ 10:37 am By Samantha Hurst  |  

Founder and CEO of real estate crowdfunding platform iFunding, William Skelley, has been named a member of the exclusive ‘Next Generation of Real Estate Leaders.’ The first annual dinner for the group will be held this evening in New York City at the Columbus Citizens Foundation…. Read More

January 26, 2016 @ 5:04 pm By JD Alois  |  

Real estate crowdfunding platform iFunding has been hit with a second lawsuit. iFunding was recently blindsided by a suit filed by CapStack Partners in the New York Supreme Court. Today The Real Deal is reporting that iFunding is party to a second suit, this one… Read More