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Real Estate

·Apr. 25, 2017

Patch Homes Launches New Service for Homeowners

Patch Homes has officially launched after operating in private beta; the platform seeks to allow homeowners to greater utilize the equity in their homes; by offering investment versus a home equity loan, homeowners contract with Patch Homes for capital proceeds that can be used for any type of financing needs; Patch Homes then shares in the gains and losses on the home's value over the contracted timeframe; Patch Homes has identified a $4.5 trillion home equity market in the US; along with its launch it also announced $1 million in fundraising to support its growth and to expand its offering beyond California. Source

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News Roundup Real Estate USA

·Nov. 3, 2016

Real Estate Platform, Wealth Migrate, Incorporates Blockchain

Wealth Migrate is claiming to be the first real estate online investing platform that has incorporated blockchain technology; the company focuses on cross-border real estate investing; blockchain is being applied to defining and recording smart contracts and a decentralized, unalterable record of investment transactions. Source

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News Roundup Real Estate USA

·Nov. 11, 2016

Fundrise Spins Off Its Real Estate Investment Arm, RSE Capital

Real estate crowdfunder, Fundrise, has made its investment division into an independent company, RSE Capital Partners; the goal was to separate and focus on the two functions of capital raising - via Fundrise with its eReit platform - and capital providing to real estate projects; RSE will focus on financing real estate deals from $20 million to $100 million, while they examine ways to make terms more flexible. Source

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News Roundup Online Lending Real Estate USA

·Jan. 3, 2017

Trend in Housing is Helping Real Estate Marketplace Lending Platforms

Increased home prices combined with available capital are supporting renewed interest in house flipping; the number of investors buying and selling a house within a few months has increased to the highest level since 2007; current investors are reporting an average profit of approximately $61,000; big banks are now more interested in financing real estate lending for house flipping deals and more online lending platforms are facilitating these investments; real estate crowdfunding companies seeing increased activity from house flipping customers include 5 Arch Funding, LendingHome Corp., Asset Avenue, Groundfloor Finance and Anchor Loans. Source

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Europe News Roundup Online Lending Real Estate

·Oct. 11, 2016

LendInvest Reports Revenue Gain and Earnings Profit

UK mortgage loan marketplace platform, LendInvest, has released its 2016 earnings; originations on the platform increased 84% to £320 million for the year ending March 2016; company grew revenue 133% to £32 million with a profit of £3.4 million; leads most of its competitors who have been consistently reporting losses. Source

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News Roundup Real Estate USA

·Oct. 26, 2016

Commercial Real Estate Investing Metrics Indicate Increasing Risk in Market

The Debt Exchange notes how US regulators are flagging some concern with commercial real estate investment concentrations, even as pricing shows steady demand for properties; regulators are finding bank ratios of commercial real estate loans to total risk-based-capital are approaching 300% in certain property markets (300% is possible through leverage) and loan-to-deposit ratios are approaching 100%, both flags on the risk side; the article notes that loan sales, to private investors as well as through securitizations, are an effective way to reduce these ratios. Source

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News Roundup Online Lending Real Estate

·Mar. 1, 2017

Ron Suber of Prosper Invests in Money360

Ron Suber has invested in online commercial lending platform Money360 and will also join the firm as a strategic advisor; Money360 has been growing fast and estimates loan originations will exceed $500 million by 2017; the investment will add to Ron Suber's fintech portfolio which he is managing from a family office; his equity investment follows positive returns from loan investments on the platform. Source

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News Roundup Real Estate USA

·Sep. 11, 2016

RealtyShares Takes $30mn Line of Credit to Pre-Fund Real Estate Deals

News Roundup Online Lending Real Estate USA

·Mar. 6, 2017

Income& a Finalist for LendIt’s Emerging Real Estate Platform Award

Income& has developed a new real estate investment product, the Prime-Rated Individual Mortgage-Backed Obligation (PRIMO) and is one of LendIt's finalists for the 2017 Emerging Real Estate Platform award; the product allows investors to invest in secured mortgage loans and targets yields of 6% or more; it is open for investment to accredited investors and investment advisers and the firm also has plans to offer the product to all investors. Source

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Finance News Roundup Real Estate Regulation

·Oct. 27, 2016

Real Estate and Financial Services Increasingly Using Reg. A+ for Offerings

A new report by NextGen Crowdfunding documents increasing use of Reg. A+ as the regulatory umbrella for real estate crowdfunding and other financial offerings; Reg. A+ was finalized in June 2015 as a means for non-accredited investors to access private offerings; companies can raise up to $50 million per year under Reg. A+; across all sectors, 131 companies to date have filed under Reg. A+, with 38% of these filings being by real estate and financial services platforms and many others being IT startups; roughly half of the filers are using "Tier 1" rules for Reg. A+, meaning they will continue to register in individual states as well as at the federal level, and half are filing "Tier 2", seeking national fundraising scope while avoiding the added prudence of vetting against state rules. Source

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