UK debt crowdfunding platform Property Crowd has announced the launch of its innovative finance individual savings account (IFISA); the minimum investment for the IFISA is 5,000 British pounds ($6,220) and the account will target returns of 7% to 10%; Property Crowd will compete for investment across the alternative debt market however its offerings vary slightly from traditional P2P lenders since the firm's debt products include structured real estate bonds. Source
The primary focus in the online real estate market has been on consumer and residential products however a significant opportunity appears to exist in commercial real estate with the size of the market valued at approximately $3.5 trillion; HousingWire provides a recap of LendIt's commercial real estate panel featuring the three primary companies active in the space including: Cadre, Money360 and Plum Lending; panelists discussed the success of the their businesses and the main challenges for new entrants including the complexities of data sets and the lack of technology solutions for commercial market services. Source
Small Change is claiming to be the first real estate crowdfunding platform that's issuing investments under Reg. CF; the company focuses on investment projects with community enhancement benefits; Reg. CF (covered by the JOBS Act Title III) is one of several regulatory frameworks to facilitate private investments; Reg. CF is suited for smaller startups and investment offerings up to $1 million, without the full SEC filing requirements of Reg. A+; in the Crowdfund Insight interview, Small Change CEO, Eve Picker, suggests that they will use Reg. CF for smaller real estate investment projects and broader outreach to all levels of investors, while using Reg. D in parallel to reach accredited investors for larger deals. Source
LendingHome will now offer an online mortgage product for consumers; LendingHome was launched in 2014 and has been funding short-term bridge and rental loans for property investors; the platform has funded over $1 billion in loans; features of the product include: an automated process, real time rates, loan guidance and real estate agent connectivity. Source
Unison offers a unique solution to help homebuyers purchase their home; company provides up to half of the down payment to purchase a home and stands to benefit if the home value increases; product is available in 13 states with 8 lenders and the company is close to one thousand deals completed with an anticipated three thousand additional deals in 2017; chairman and co-CEO Thomas Sponholtz answers other questions about the platform from Crowdfund Insider. Source
OfferPad is a real estate platform to help homeowners sell their homes; investors include private funds managed by LL Funds, LLC and an investment management firm in Philadelphia; company plans to expand to additional markets; similar to competitor Opendoor, OfferPad buys homes from homeowners; current markets include Phoenix, Las Vegas, Salt Lake City, Tampa and Orlando; the company has 100 employees and will launch in Los Angeles soon. Source
No More Content