For online platforms there is considerable cost to be able to accept retail dollars. This is one of the reasons that Lending...
Survey provides insights on investors preferences for investing in real estate and demand for technology; the report shows only 2% of participants are very familiar with real estate crowdfunding providing opportunity for greater awareness of real estate investment platforms; additional highlights include statistics on investment performance perception, interest in real estate technology and thoughts on house flipping investments. Source
Groundfloor is a real estate crowdfunding company that has historically focused on retail investors; yesterday the company announced a whole loan purchase agreement with Direct Access Capital (DAC); this is their first institutional partner; Groundfloor to date has facilitated $40 million on the platform and has raised $8.5 million in venture capital. Source
The UK based online real estate platform raised a £7mn ($9.2mn) series A round led by Berlin Hyp; in addition to the capital infusion Berlin Hyp struck a strategic partnership with BrickVest; the deal will allow BrickVest to continue building their technology, growing their investor network and increase dealflow. Source.
CreditEase CEO Ning Tang is looking to offer an investment alternative to real estate investors by launching a fund of funds focused on real estate projects; currently investors in China need to directly buy property and hope the assets appreciate in value; the fund of funds strategy that CreditEase is looking to employ will allow investors to have access to leading real estate funds managed by Blackstone and KKR. Source.
Online real estate lending platform PeerStreet has partnered with Wealthfront; PeerStreet will integrate with Wealthfront's Path offering; the integration has been facilitated by Quovo and will allow PeerStreet customers to view their PeerStreet investments holistically within their entire Wealthfront investment portfolio. Source
The Fundrise Income eREIT previously sold out and was closed to new investors; the platform has re-opened the Income eREIT and requires minimum investment of $1,000; the Income eREIT is focused on investments in real estate debt and has posted a 10.5% annualized dividend yield. Source
Real estate alternative investment platform AlphaFlow raised $4.1mn led by Resolute Ventures and Point72 Ventures; they plan to use the funds to scale partnerships with lenders and investors, accredited individual investors and investment managers; they also plan to hire more individuals for the data science and engineering division and potentially look at more asset classes int the future. Source.
The CEO and Co-Founder of Groundfloor, a real estate crowdfunding platform, discusses their focus on fix and flip properties and why non-accredited investors have been their prime focus. Source
It seems like almost every day I see a story about increasing real estate prices in the major metropolitan areas...