RealtyShares, the online marketplace for real estate investing that connects accredited and institutional investors to real estate investment opportunities, today released data on crowdfunding projects throughout Florida. Working with local developers, RealtyShares has leveraged its network of 20,000 investors to help fund more than 200 properties in Florida for $28.1 million. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160628006435/en/ An infographic featuring a sample of properties financed through crowdfunding in Tampa, Orlando, Jacksonville and South Florida. (Photo: Business Wire) RealtyShares is not just a listing website. It’s a tech-driven marketplace where Sponsors are vetted through a strict underwriting process. Even after the deal is funded, RealtyShares is helping to manage the deal. Deals on the platform average around 55 investors each, with Florida-based opportunities largely focused on residential revitalization projects. These fix and flip debt deals are funding rapidly, giving developers and borrowers efficient alternative access to financing around the state.
Category: real estate
2016 Market Conditions with Chief Credit Officer of Realty Mogul
Toward the end of last year, I was reading an interesting piece on forecasts for 2016 and came across a quote on crowdfunding that read, ”Crowdfunding is attempting to buy into the dot-com culture and there is a slight disconnect. There will be a lot of entries and failures. Crowdfunding is a mile wide, but only an inch deep. There is a lack of credibility: no background checks, no scrubbing, no due diligence.” I thought to myself, “If he only spent a day in my chair, he would see that we have been digging trenches.” At RealtyMogul.com, we are committed to being one of the leading online marketplaces for real estate investing. As a result of prevailing market conditions, 2016 will prove to be the year of the “Selective Investor”. While other institutions will undoubtedly view this as a challenge, RealtyMogul.com views this as an opportunity to further expound upon our business plan and take advantage of investor selectivity.
Entrepreneurs hope to build residential real estate empire through crowdfunding
Jacob Blackett and Sterling White sit at the intersection of crowdfunding and residential real estate with their 6-month-old firm, Holdfolio. The 24-year-olds buy rental houses. In the coming months, they plan to bundle them and sell investors equity stakes in the portfolio through a Web-based platform. Investor returns will come in the form of rental income and gains from property sales. The company so far has few—if any—direct competitors.
Traditionally, investors in this space have needed loans or a lot of cash, as well as a property-management strategy. Holdfolio’s founders said their soon-to-launch platform will allow accredited investors to invest in real estate with as little as $5,000 while the company handles leasing and maintenance.
“We’re trying to create passive income through holdings,” said Blackett, who said he’s sold more than 500 rental properties since age 18.
“I just realized that the best way for someone to invest in real estate is not by going out and owning a piece of property themselves. The best way is to partner with successful, full-time real estate investors.”
Crowdfunding has been around for years, and returns on investment have largely come in the form of one-time rewards like T-shirts or a newly launched product.
Debt and equity crowdfunding have taken off since the 2012 JOBS Act loosened federal securities laws, and real estate firms are among the companies increasingly tapping online investor pools for financing.
Jordan Fishfeld, CEO of Chicago-based commercial real estate crowdfunding platform PeerRealty, said crowdfunding is changing how people invest in real estate and Holdfolio appears to have a good shot at success in the nascent space.
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iFunding Announces 1st Mobile Real Estate App
NEW YORK CITY—What do you do when you build a website for the crowdfunding of real estate and users come visit mainly at lunchtime, on their phones? You build an app for that.
Such was the thinking of executives at iFunding, a nine-month-old crowdfunding platform that has launched what it calls the first-ever real estate crowdfunding mobile application for investors, GlobeSt.com has learned EXCLUSIVELY.
The app, titled iFunding-Real Estate Investment through Crowdfunding, allows investors to perform every function in the real estate investment lifecycle that they currently can through a computer and web browser on iFunding’s website. It is available, at no cost to download or to use, on the Apple Store for iOS devices and on Google Play for Android products. It can be used on mobile phones and tablets.
App users can browse live investment opportunities and get property information, neighborhood data, the pro forma and legal documents, and they can interact with the sponsors. Users can apply filters to the system in order to search for properties geographically or by sector type.
The tool enables customers to complete an investment transaction entirely from the mobile device, including the signing of documents and the initiation of funds transfer. Investors also can switch between a phone or tablet device and a computer, should they prefer to use the latter for certain portions of the transaction.
The Crowd Funding Times™ 