CrowdFundBeat News Wire Tue, Mar 18, 2014
-Leading commercial real estate crowdfunding marketplace continues on rapid growth trajectory
-Platform enables individual investors to access income-producing properties traditionally available only to professional investors
BEVERLY HILLS, Calif., March 18, 2014 — Realty Mogul (www.realtymogul.com), the online marketplace for individual investors to pool money and buy shares of investment properties, today announced it has surpassed investments in over $100 million in property value. The company hit this milestone as it celebrates its first anniversary of raising and placing commercial real estate investment capital through the Realty Mogul crowdfunding platform.
The actual cost of properties funded so far by the company is $104 million. 71% of the investment capital placed by the company has been in the form of equity, with 29% in the form of debt.
See a one-year infographic here:
“We’re on a roll,” said Jilliene Helman, CEO and co-founder of Realty Mogul. “In only one year we’ve enabled thousands of investors to access over $100 million of income-producing properties on our platform and invest directly in real estate. We’ve only just begun to make a market for real estate crowdfunding.”
To date, Individual investors in the Realty Mogul marketplace have invested $14.6 million in 58 properties in 14 states. Based on the total number of properties, number of states and volume of capital placed by the company, Realty Mogul believes it is the largest commercial real estate crowdfunding marketplace online.