Huge: East Coast Credit Fund Commits $250 Million towards Patch of Land Investments – Crowdfund Insider


Huge: East Coast Credit Fund Commits $250 Million towards Patch of Land Investments inShare 41 February 10, 2016 @ 10:54 am By Samantha Hurst On Wednesday, real estate crowdfunding marketplace, Patch of Land, announced an East Coast Credit fund has signed an agreement to purchase loans in a “forward flow arrangement”. This commitment will put $250 million towards the platform’s investments. According to the website, the involvment of the fund marks a significant milestone for its platform as this demand for loans supports the firm’s rapid origination growth. Patch of Land stated the fund  reviewed multiple platforms and ultimately decided to partner with their company in its first foray into the online real estate investment space.

Source: Huge: East Coast Credit Fund Commits $250 Million towards Patch of Land Investments – Crowdfund Insider

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