MainStreet Lending Platform Launches Real Estate Crowdfunding Site

CrowdFunding Beat News Desk , NEW YORK, Sept. 12, 2014 /PRNewswire/ — MainStreet Lending Platform (MainStreet) announces the launch of its lending and investing platform, www.MainStreetPlatform.com. The new crowdlending site makes real estate investing simple. It gives investors access to commercial real estate opportunities, while providing loans for borrowers.

 

download

MainStreet focuses on commercial real estate loans. Investments made on the site have reached borrowers in Ohio, Michigan, Pennsylvania, Georgia and Illinois, for loans secured on retail-centers and office buildings. “We have seen many new crowdfunding sites enter the space, but we feel real estate is still underserved. Our goal is to create a transparent crowdlending platform. We believe that by using an online underwriting interface, we can empower main street investors to finance credit-worthy real estate borrowers,” says Patrick Janson, Co-Founder and Partner at MainStreet.

Investment duration is also a differentiator. While most other real estate crowdfunding platforms offer deals that have lengthy time horizons, MainStreet’s average term is 6 to 12 months. Unlike equity deals, these crowdlending investments pay monthly and MainStreet sends direct ACH deposits.

MainStreet has formed a strategic alliance with Emerald Creek Capital, a private equity firm and commercial real estate lender. “This partnership provides MainStreet investors with access to institutional grade loans secured by prime income-producing real estate,” says Jordan Trevino, Co-Founder and Partner at MainStreet. “We trust Emerald Creek Capital to provide great quality, low-leverage and diversified investment opportunities. They remain invested with our users, and they service and manage the loans. This is the best crowdlending opportunity on the market.”

Lending technology is a key focus for the crowdlending platform. The team is working to allow borrowers to easily apply for real estate and business loans online via a proprietary algorithmic underwriting process. MainStreet anticipates being able to provide businesses with over $100 million in the first 12 months of product launch.

Patrick Janson and Jordan Trevino combine business and technology expertise. Patrick Janson spent five years as a senior member of an origination team that issued over $200 million in commercial real estate loans. He is also a graduate of the Flatiron School for Web Development. Jordan Trevino is a Yale graduate who spent six years advising fortune 500 companies as a management consultant. Both founders developed MainStreet Platform’s technology.

Logo – http://photos.prnewswire.com/prnh/20140912/145805

SOURCE MainStreet Platform LLC

RELATED LINKS
http://www.mainstreetplatform.com

Tags: , , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

ChronicleLiveNo need for banks as North East businesses turn to crowdfundingChronicleLiveWhile the Distillery's fundraising campaign was undoubtedly a success, not every business gains the same level of support from the public. According to Dianne Sharpe, the CBI's former No [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

Crowdfunding For French CastlesNPRYou too can own a French chateau, in part, anyway. Romain Delaume, CEO of Dartagnans, tells NPR's Scott Simon about a crowdfunding effort underway to preserve La Mothe-Chandeniers. SCOTT SIMON, HOST: What if I told you that for about $60, you cou [...]

Coindesk (press release) (blog)Crowdfunding Giant Indiegogo Opens to ICOs - CoinDeskCoindesk (press release) (blog)The startup revealed today that, through an existing partnership with MicroVentures, it will begin offering services to projects seek to use the blockchain funding model. [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |