Tagged: ifunding

iFunding Insolvent, SEC Issues Subpoena as Investor Jazco Looks to Step In

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

End of Line for iFunding? Real Estate Crowdfunding Site May Be Done

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

Criticism Heats up on Real Estate Crowdfunding Platform iFunding

  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

iFunding Secures $600,000 for Sacramento Multi-Family Development

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

iFunding Settles Lawsuit, Says Most Recent Month Best Ever

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

iFunding Secures Over $1.9M For Florida Preferred Equity Investment

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

iFunding Selects The Bruckal Group For Denver Senior Bridge Loan

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

iFunding Raises $6.2M in Total Financing For New Jersey Apartment Recapitalization & Condo Conversion

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

iFunding Secures Funds For Florida’s Dania Beach Apartment Acquisition & Renovation

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

iFunding Raises Funding for Acquisition & Development of DC Property

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

Lawsuit Filed Against iFunding “Discontinued with Prejudice”

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

iFunding Hits New Milestone: Returned Over $5 Million to Investors in 2015

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

Brief: iFunding Appoints Daniel Drew Vice President & Head of Real Estate

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

Brief: iFunding Completes Preferred Equity Financing For Sacramento Multi-Family Building

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

iFunding’s William Skelley Named Member of the Next Generation of Real Estate Leaders

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

Tough Month. iFunding Hit with Second Lawsuit

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

iFunding Sued. Real Estate Crowdfunding Company Calls Lawsuit Baseless

iFunding, one of the earlier entrants into the real estate crowdfunding sector, has started the New Year on a bit of a sour note. In an article published in the Real Deal (TRD), it was revealed that iFunding had been sued this past December by… Read More

Brief: iFunding Celebrates 2016 By Announcing New Advisory Board

With a new year to look forward to, real estate crowdfunding platform iFunding announced its strategic developments for 2016. On Tuesday, iFunding unveiled more details about this year’s plans, which includes a new advisory board that is made up of professionals from the financial services… Read More

iFunding Secures Financing for $2.85M Senior Mortgage in New Jersey

iFunding, a commercial real estate crowdfunding platform for accredited investors, announced today that they raised $330K in mezzanine financing for a $2.85M senior loan mortgage. The property is located at 1706 Park Ave, in Asbury Park, New Jersey. The senior loan was pre-funded by iFunding… Read More

Brief: Crowdfunding Platform iFunding Repays Its Largest Commercial Real Estate Loan to Date

iFunding, a commercial real estate crowdfunding platform, announced on Wednesday that it has repaid its largest commercial loan to date for an investment in a $55 million construction project for two Courtyard Marriott hotels and a major office building located in Stamford, Connecticut. While iFunding… Read More