Tagged: real estate

Real Estate Investment Platform Newchip Secures $2 Million in Seed Funding & Surpasses 50,000 Users

Newchip, a platform that connects new and experienced investors to business and real estate investment opportunities, announced on Thursday it secured $2 million through its latest seed funding round. Along with the funding news, the company declared it has surpassed 50,000 in users. Newchip also welcomed institutional investments… Read More

London Fintech MoloFinance Secures £3.7 Million in Seed Funding For The Development of Fully Digital Mortgage Solution

MoloFinance, a UK-based fintech that is aiming to revolutionize mortgages, announced on Wednesday it secured £3.7 million through its latest seed funding round, which was led by Ubon Partners. Founded in 2017, the company reported it is developing what it thinks is the first true fully… Read More

U.S. Fintech Obligo Secures $5 million in Financing; Seeks to Launch Next-Generation Security Deposit Alternative in Real Estate

Obligo, a fintech startup that’s focused on the real estate market, announced on Tuesday it has raised $5 million through its latest financing round to launch its next-generation security deposit alternative. The funding round was led by 83 North (formerly Greylock IL) and included investments from Entrée Capital and HFZ… Read More

PeerStreet’s Nia Patel Named One of HousingWire’s 2018 Rising Stars

PeerStreet, a marketplace for investing in real estate backed loans, announced on Friday that one its managers, Nia Patel, has been named to HousingWire’s 2018 Rising Stars list of young leaders to watch in the housing industry. According to PeerStreet, HousingWire’s 2018 Rising Stars list… Read More

LendInvest Debuts First Official BTL Legal Panel Six Months After Product Launch

LendInvest announced on Thursday it has named firms JMW Solicitors LLP and Lightfoots Solicitors as its first official panel of solicitors for its Buy-to-Let product. According to the online lender, JMW Solicitors is one of the North West’s leading full-service law firms, with significant experience in handling… Read More

PeerStreet Milestone: Funds One Billion in Loans

PeerStreet, an online platform for investing in real estate backed loans, announced on Wednesday that one billion in loans have been funded through its marketplace since launch. This announcement comes after the investment portal announced the close of its $30 million Series B last month. PeerStreet reported that… Read More

Online Lender Better Mortgage Appoints Former OnDeck Employee Howard Katzenberg As New Chief Financial Officer

Better Mortgage, a digital mortgage company working to improve access to home financing through transparency, honest guidance, and zero commissions, announced on Monday it has appointed Howard Katzenberg as its new CFO. According to Better Mortgage, Katzenberg was the CFO of small business lending platform OnDeck… Read More

Overfunding: Real Estate Source Platform Infabode Secures £750,000 Funding Target on Seedrs

Real estate source platform, Infabode, has successfully secured its initial £750,000 funding target on equity crowdfunding platform Seedrs from more than 150 investors. Founded in 2013, Infabode reported that it connects its community of users with industry information from the real estate sector on one customizable online platform. Infabode’s… Read More

Commercial Real Estate Crowdfunding Platform First RealFund Secures $500,000 of Preferred Equity for Brooklyn Property Renovation

First RealFund (FRF), a commercial real estate crowdfunding platform headquartered in New York City, announced on Thursday it raised $500,000 of preferred equity financing for the renovation of a 4-story brownstone in Brooklyn’s Bedford Stuyvesant neighborhood. According to FRF, the project’s sponsor, XYZ Group, has pinpointed a… Read More

Homeownership Preservation Foundation & CMG Financial Team Up to Increase Homeownership Opportunities

The Homeownership Preservation Foundation (HPF) announced on Wednesday it has formed a partnership with CMG Financial to help more people reach their dream of owning a home, through pre-purchase education and homebuyer preparation with CMG Financial’s proprietary down payment crowdfunding platform, HomeFundMe.  As previously reported, HomeFundMe allows prospective… Read More

Next Generation UK Rental Platform Movebubble Nears Halfway Crowdfunding Goal on Seedrs

Currently available in London, in 24 months Movebubble has connected over 150,000 renters with properties. Pre-valued at £3,907,392, Movebubble has synced with Seedrs to raise £800,002 for 16.99% equity; to date, over £383,487 — more than 47% — of its goal has been reached with the help… Read More

Assetz Capital Joins Positive Lending Panel

UK-based peer-to-peer lending platform Assetz Capital announced last week it has joined the panel of mortgage packager specialist Positive Lending. This news comes just days after the online lender reached a record number of loans available to investors using its Manual Lending Account (MLA), with… Read More

HomeFundMe Announces Launch of New Mobile App

CMG Financial, the creators of a Fannie Mae and Freddie Mac approved down payment crowdfunding platform, HomeFundMe, announced on Thursday the launch of the funding portal’s new mobile app, which will allow users to share updates and post pictures and videos from their phones. The launch of… Read More

The House Crowd Raises Over £1.3 Million in 24 Hours For Housing Developments in Greater Manchester

The House Crowd, a UK property crowdfunding platform, announced on Wednesday raised just over £1.3 million over a 24-hour period for housing developments in Lees, Greater Manchester. The funding portal reported that this is the first time it has broken the £1 million mark in a day…. Read More

CrowdStreet Says Now More than 99,000 Investors on Crowdfunding Platform; Announces New Branding Details

CrowdStreet, in the midst of a rebranding campaign, announced on Tuesday that more than 99,000 investors are now registered on its real estate crowdfunding platform. CrowdStreet operates a marketplace for direct equity investment in commercial real estate and provides project sponsors with investment management software… Read More

DiversyFund Debuts $50 Million Growth Fund for Multifamily and Commercial Real Estate Deals

DiversyFund, a real estate crowdfunding marketplace, announced on Monday it has launched its Commercial and Multifamily Real Estate Growth Fund. The funding portal reported that investors in this fund will own shares of a variety of real estate investments, with 80% of the fund dedicated to… Read More

Regions Bank Announces Partnership With Fintech Mortgage & Consumer Digital Lending Tech Platform Lender Price

Regions Bank announced on Thursday it has invested in and formed a partnership with fintech mortgage and consumer digital lending technology platform provider, Lender Price. According to the bank, the duo will focus on streamlining Regions’ digital process and simplify interaction between banks, borrowers, and… Read More

dv01 Announces Expansion Into Mortgages; Signs As Loan Data Agent For CSMC 2018-RPL2

dv01, the data management, reporting, and analytics platform that offers institutional investors transparency and insight into lending markets, announced on Friday it participated in its first mortgage securitization and acted as loan data agent for CSMC 2018-RPL2, a securitization of $275 million re-performing loans serviced by… Read More

Bank of America Launches New Digital Mortgage Experience

Banking giant Bank of America announced earlier this week it has launched its new product, Digital Mortgage Experience, to guide clients through the mortgage process through its mobile banking and online platforms. According to Bank of America, with advanced application prefill capabilities, clients may apply for a… Read More

LendIt “Top Real Estate Platform” LendInvest Syncs with IRESS & Twenty7Tec: Bringing BTL Loans to Wider Market

LendInvest, the specialist property finance lender, has partnered with mortgage sourcing partners Twenty7Tec and IRESS’s TriGold system to bring its Buy-to-Let product to more intermediaries. These sourcing systems now bring LendInvest BTL loans to the market in a faster, more efficient way to reach a wider… Read More