Tagged: real estate

May 31, 2016 @ 4:04 pm By JD Alois  |  

  Prodigy Network is one of the largest entrants in the real estate crowdfunding sector within the US.  To date, Prodigy has raised approximately $160 million for its portfolio of property located in New York City.  What is unique about Prodigy is the fact it… Read More

May 31, 2016 @ 9:02 am By Samantha Hurst  |  

On Tuesday, real estate crowdfunding platform CoAssets (NSX:CAX) announced it is expanding its operations by opening a second office in Singapore. This news comes just a couple months after the portal revealed details about its Australia expansion. Co-founder and CEO of CoAssets, Getty Goh, stated: “A series… Read More

May 26, 2016 @ 8:12 am By JD Alois  |  

Commercial property lender Proplend has reduced their required minimum investment from £5000 to £1000.  The move is expected to broaden their investor base while making it easier for existing investors to create a more diversified portfolio of loans.  Going forward, all new loans will be… Read More

May 24, 2016 @ 7:59 am By JD Alois  |  

AssetAvenue has added another product to its portfolio mix: 30 year fixed rate loans. The real estate crowdfunding platform has added the new product due to customer demand.  The new mortgage option may be used to purchase single family homes, rental properties, multi-tenant, condos and… Read More

May 23, 2016 @ 3:39 pm By JD Alois  |  

Title III crowdfunding kicked off a week ago today (May 16th).  The launch of retail crowdfunding took a long, circuitous route to realization with much discussion and debate along the way.  The platforms that are leveraging the new securities exemption believe it is a viable… Read More

May 23, 2016 @ 7:31 am By JD Alois  |  

  RealtyMogul.com has topped $200 million in debt and equity in funded real estate crowdfunding. The platform is now the first site to surpass the $200 million milestone for US-based real estate finance.  The company also revealed it has now returned $40 million, in both… Read More

May 22, 2016 @ 10:59 pm By JD Alois  |  

Singapore-based EthisCrowd has closed a S$500,000 seed round for their Islamic real estate crowdfunding platform.  The funding round may be the first of its kind in Southeast Asia. The new capital was led by Azmi Global, a subsidiary of Asmi & Associates – a top… Read More

May 19, 2016 @ 6:51 pm By JD Alois  |  

Propellr, an accredited investment crowdfunding platform focusing on the real estate sector, has now registered as a broker-dealer.  Simultaneously, via a small group of existing investors, Propellr has raised $1.6 million in convertible debt.  Proceeds from the new funding will be utilized for business expansion… Read More

May 10, 2016 @ 2:37 pm By Samantha Hurst  |  

Real estate crowdfunding platform RealtyMogul.com announced on Tuesday it has closed an $860,000 equity investment for a 23-unit multifamily property in Plainfield, New Jersey, which is located just 25 miles outside of New York City. According to the website, the property is 100 percent-occupied apartment building and is… Read More

May 6, 2016 @ 8:33 am By JD Alois  |  

Rodrigo Niñ0, CEO of real estate crowdfunding platform Prodigy Network, recently spoke with Rishaad Salamat on Bloomberg’s “Trending Business” segment. Prodigy has raised over $370 million from their network of 6200 investors (as posted on the video below).  Nino, speaking from Singapore, explains they currently… Read More

May 3, 2016 @ 7:00 am By JD Alois  |  

Real estate crowdfunding platform RealtyMogul.com is reporting the sale of two properties: Jackson Industrial Park in Indianapolis and Cumberland Metro Office Park in Chicago.  Chicago-based real estate firm Brennan Investment Group purchased both properties with financing provided by RealtyMogul. The two properties have been sold to… Read More

April 28, 2016 @ 3:36 pm By JD Alois  |  

Real estate crowdfunding platform Fundrise has introduced a second eREIT to their current offerings. The “Growth eREIT”, as one would expect, is intended to generate much higher returns at the end of the term. The current eREIT is an income generating vehicle and holds lower… Read More

April 27, 2016 @ 11:29 am By JD Alois  |  

The property crowdfunding sector is a very hot space. The ability to allow smaller investors to gain access to the real estate finance market has gained solid traction with several investment crowdfunding platforms experiencing robust growth.  Intro Crowd, the most recent entry as an online property… Read More

April 26, 2016 @ 11:44 am By JD Alois  |  

Arguably the largest equity crowdfunding offer ever, BD Bacata raised over $150 million to finance the first skyscraper in Bogota, Colombia in decades.  It was real estate developer and real estate crowdfunding platform operator Rodrigo Niño who figured out the methodology to help finance the… Read More

April 26, 2016 @ 12:52 am By JD Alois  |  

Shariah-compliant crowdfunding platform Ethis hopes to raise up to S$ 1 million from executives participating in the Global Islamic Finance Forum (GIFF) being held in Kuala Lumpur May 10-12, 2016. EthisCrowd.com claims the title of the world’s first real estate Islamic crowdfunding platform.  Based in… Read More

April 25, 2016 @ 9:00 am By JD Alois  |  

    Over the past several months there have been rumblings about impending change at real estate crowdfunding platform Patch of Land.  Following a significant staff reduction, where several well known Patch of Land employees were let go, industry chatter picked up as to what… Read More

April 22, 2016 @ 3:53 pm By Samantha Hurst  |  

On Friday, real estate crowdfunding platform, Wealth Migrate, announced that it was officially opening its new Shanghai office, which will be located in the Pudong Pilot Free Trade Zone district.  Wealth Migrate China CEO, Aling Gong, declared that the Shanghai opening is considered a milestone for the crowdfunding movement… Read More

April 21, 2016 @ 5:16 pm By JD Alois  |  

Fundrise has “paused” offering new stand-alone real estate investment opportunities to focus on their ongoing eREIT offer.  The pivot in strategy was first uncovered by the Real Deal (TRD) that noted Fundrise had ditched its traditional crowdfunding focus. While Fundrise has been actively listing new investments… Read More

April 21, 2016 @ 8:04 am By JD Alois  |  

“Europe’s global real estate investment platform,” Brickvest, is claiming strong early traction only two months after launch. According to information provided by the company, Brickvest has quickly raised £1 million closing two oversubscribed offers for two German “institutional grade” offers. Brickvest states it now has over 1,120… Read More

April 20, 2016 @ 11:14 am By JD Alois  |  

  Small Change is a real estate crowdfunding platform with big ambitions. Launched by urban evangelist Eve Picker, the Pittsburgh-based operation seeks to fund “transformational” real estate projects by connecting developers with investors.  Individual investors gain entry into an asset class that is otherwise difficult… Read More