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Real Estate

Fintech News Roundup Online Lending Real Estate USA

·Apr. 6, 2017

Fundrise Files for a For-Sale Housing eFund

Fundrise plans to offer a new fund that invests in the development of homes for sale in Los Angeles, California; investors in the fund will be investing in a diversified portfolio of real estate properties in development and for sale with the option to buy homes in the portfolio; investors will receive distributions from the fund's operating cash flow which will primarily be generated from the sale of homes in the fund; distributions may also be made from other sources of cash flow including structured equity or debt. Source

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Fintech News Roundup Real Estate USA

·Mar. 23, 2017

Unison Leading the Way for a New Era of Home Ownership Affordability

Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source

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News Roundup North America Online Lending Real Estate USA

·Nov. 18, 2016

Real Estate Crowdfunding Platform, PeerStreet, Raises $15mn

Marketplace lender, PeerStreet, has raised $15 million in a funding round led by venture capital firm Andreessen Horowitz; PeerStreet offers secured real estate loans through its lending platform; the minimum investment is $1,000; investors on the platform include high net worth individuals, family offices and institutions; Andreessen Horowitz's Rampell noted the competitive advantages of PeerStreet compared to competitors included their fast growth and distribution model; he stated, "Most companies that are lending to consumers spend all the money in customer acquisition and it is very hard to get a profit." Source

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News Roundup Online Lending Real Estate USA

·Mar. 6, 2017

Patch of Land Hires New Chief Investment Product Officer

Online real estate lender and crowdfunding platform Patch of Land has hired Matthew Zall to serve as its new chief investment product officer; the new hire occurs as Patch of Land plans to expand into the single-family rental market, identifying an opportunity to capitalize on the 24 million US single-family units valued at over $6 trillion; Zall's experience includes single-family loan structuring at Blackstone Group subsidiary B2R Finance; he has also worked as a commercial real estate trader at J.P. Morgan and Bear Stearns; in comments regarding the new hire, Paul Deitch, Patch of Land's chief executive officer said, "The addition of Matt enables us to continue the expansion of our marketplace to fully serve the lending needs of more than 10 million Americans who directly invest in single-family residential properties and need consistent, reliable access to capital to fuel their businesses." Source

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Fintech

·Sep. 2, 2022

Webinar: Acre credits Plaid with dynamic infrastructure for success

Acre Homes aims to build a modern home ownership experience, and with the help of data from Plaid, applications are a breeze. Learn how.

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Fintech News Roundup Real Estate USA

·Jan. 8, 2020

Where Does Real Estate Crowdfunding Stand in 2020?

The real estate crowdfunding space has been a mixed bag; a couple of companies have continued to focus solely on...

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News Roundup Online Lending Real Estate USA

·Mar. 6, 2017

RealtyMogul Announces IRA Option and New Details for MogulREIT I

Online real estate investing marketplace RealtyMogul has announced it will now allow self-directed IRA investment through its MogulREIT I; provides the benefit of passive investment income through a retirement account; MogulREIT I will also now allow for automated dividend reinvestment which can help add to compounding returns for IRA accounts; the product has also announced the inclusion of two new property investments located in San Antonio, Texas and West Chester, Pennsylvania. Source

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News Roundup Online Lending Real Estate

·Apr. 27, 2017

PeerStreet’s Cofounders on the Platform’s Development and Lending Business

Chris Lustrino talks with the cofounders of PeerStreet in a blog post interview on Simple.Innovative.Change; Brew Johnson talks about how his legal experience with real estate and work on a tech startup with his brother led him to found the platform; additionally, both founders discuss the PeerStreet platform and its innovative market positioning. Source

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Fintech Real Estate USA

·Jul. 13, 2020

Lend Academy Podcast: Vishal Garg of Better

Episode 255 features Vishal Garg, the CEO and Founder of Better.com; he discusses the state of the mortgage market with...

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Europe News Roundup Online Lending Real Estate

·Mar. 1, 2017

Proplend Gains FCA Authorization in the UK

The UK Financial Conduct Authority (FCA) has granted full authorization to Proplend; the FCA continues to review authorization applications, primarily focusing on secured lending platforms; Proplend is a secured commercial real estate property P2P lender offering three tranches for investors; returns on the platform range from 5% to 12% with loans of 250,000 British pounds ($307,718) to 5,000,000 British pounds ($6,154,350); the platform has funded 11.5 million British pounds ($14.16 million) of loans since inception with zero defaults; it has plans to offer clients an innovative finance individual savings account however it will likely not be available until 2018. Source

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