Is Real Estate Finance Showing Returns? RealtyMogul Nods with $40 MillionMay 23, 2016 | By: Srividya Kalyanaraman
LA-based real estate crowdfunding platform, RealtyMogul announced that its platform has enabled debt and equity transactions worth $200 million to date and has returned $40 million to investors.
The three year old firm has 80,000 members who have invested in 350 properties that are typically small-balance commercial real estate opportunities in the $1-5 million range. Some of its recent transactions include a $2.2 million first-mortgage loan on an industrial property in Alabama, a $1.5 million preferred equity contribution to a multi-tenant office building in Illinois, and a $1 million joint venture equity investment in a shopping center in Florida.
Some of the platform’s sponsors include Spirit Bascom Ventures which has invested over $10 billion including acquisition of The Edison Apartments, a mid-rise multifamily property in Chicago.
“Our goal has always been to democratize commercial real estate by enabling a new generation of investors to participate in real estate opportunities that were historically difficult to access,” said Jilliene Helman, CEO of the company in a news release.Last modified: May 23, 2016
As editor, Srividya drives daily news coverage and editorial strategy. Previously, her work has appeared in publications like Money magazine, Advertising Age, FirstPost and The Economic Times. She has also dabbled in business intelligence solutions, and holds a Masters degree in Business and Economic Reporting from NYU. Write to her at email@example.com