Financings Through Online Real Estate Marketplace Passes New Record
SAN FRANCISCO – December 2, 2015 – RealtyShares, the online marketplace that is transforming the real estate investment landscape by connecting accredited investors to real estate investment opportunities nationwide, announced today that during the third quarter it had funded more than $30 million in various real estate investments. Each investment was made through the RealtyShares platform from accredited and institutional investors across the country.
“Crossing the $30 million dollar mark for a single quarter is a major milestone, particularly given the short history of our company,” said Nav Athwal, the CEO of RealtyShares. “It is particularly significant given that these financings were entirely funded by our “crowd” of accredited investors. We’ve seen some of our competitors tout numbers that appear to include institutional capital handled entirely outside of the crowdfunding platform. This latest funding milestone, on the contrary indicates yet again that RealtyShares’ deal volume is among the highest in the industry.”
“We’re continuing to see strong investor demand across many property and product types,” added Javier Benson, RealtyShares’ Director of Investments. “Apartment properties and single-family residential loans have always been of interest to our investor base, but recently we’ve also had solid success with retail properties and other asset classes. We have enjoyed particular success recently with our hybrid products like mezzanine debt and preferred equity, each of which have met with strong demand from investors. Our product offerings are among the broadest in the industry, and we plan to continue to expand our deal flow to fulfill increased investor demand across all product types.”
“We have now provided capital to fund approximately 230 investment opportunities across over 1,500 properties across the country,” Athwal continued. “Sponsors have found our platform to be a viable new source of capital. Borrowers have been able to get their loans funded quickly and efficiently. Investors now enjoyed access to diversified deal flow across many different product types and geographic locations. We’re excited to see our business model being proven on an ever-increasing scale.”
RealtyShares is transforming the real estate investment landscape by connecting borrowers and sponsors to capital from accredited and institutional investors. Through the RealtyShares website, these investors can browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyShares offers equity securities through North Capital Private Securities Corporation, member FINRA/SIPC. For more information on how to become a real estate investor or to seek capital through the RealtyShares marketplace, please visit http://www.realtyshares.com.