Prodigy Network is Consolidated as the Leader in Crowdfunding Real Estate

CrowdFund Beat Media,  by Rodrigo Niño, CEO of Prodigy Network,

Now well into February, I want to share our thoughts on what we think is to come this year. With the price drop of oil, the American economy recovering and a slower growth pace in the BRIC countries, the dollar is appreciated against virtually all other world currencies.  We believe that the combination of these factors solidifies the United States’ position as the world’s strongest economy. [Source: The Economist]

Several reports show that real estate prices and demand exceeded even the most aggressive projections In Manhattan. [Source: The Real Deal] “The average sales price for an apartment in Manhattan in 2014 hit a record-setting $1.72 million, a 19 percent jump from the year before and now go for roughly $1,300 per square foot. [Source: The Real Deal] Also, the latest report said the fourth quarter had the second-highest sales volume in 25 years with 2,718 closed sales. [Source: The Real Deal] This year’s growth will be even better, according to The Real Deal. January data just confirmed another record for commercial properties in 2014 also [Source: The Real Deal]

IMAGEN-13135310-2

I am excited to announce, that this year we will complete construction in the spring on AKAUnited Nations; condo sales will commence in April and we expect a full sellout by the end of the year. Investors in this project should be receiving their capital and return consistent with our initial projections.

After closing on 17John in September 2014, we are diligently working on the project design, securing an operator and we will start very soon to raise the equity on the second offering for the construction of the glass box on top of the existing structure.

We are excited to see how every indicator on the development of the area plays well in our favor. Most recently, the world renowned Nobu TriBeCa Restaurant, announced its relocation right around the corner of our project [Source: The New York Post]

We are also excited to announce the launch of our forth project in Manhattan. We have just put under contract an amazing building for luxury lofts, in the trendy Park Avenue South area on 25th street between Madison and Park. We will keep you posted as we come to market.

On AKAWall Street, construction is also making great progress.We should commence the sales of the condos on the second half of the year and expect to be operational in the building by the Third Quarter. We will be announcing our restaurant operator very soon! Stay posted as it will be a major event.

Our portfolio in New York, between these four projects, is over 700MM dollars now. We secured financing from CIBC, Deutsche Bank and Bank of America, as well as crowd funded equity from 32 countries and 17 different States.

More and Source

http://prodigynetworkblog.com/crowdfunding/letter-rodrigo-nino/

HEADLINE NEWS

FortuneCrowdfunding: Women Better at Raising Money Than Men Are ...FortuneA new study has found that women are generally better than men at crowdfunding.Women are better at crowdfunding than men, shows study | The ...The IndependentWhy women join the crowd: Gender gap in bank lending, [...]

Banking Limitations Restrict Bisx Model For CrowdfundingBahamas Tribune#Banking system limitations are restricting the Bahamas International Securities Exchange's (BISX) development of crowdfunding and small business listing platforms, its chief executive has revealed. #Keith Dav [...]

Grand Forks HeraldWomen's WCHA launches crowdfunding campaign to improve leagueGrand Forks HeraldThat mindset led the WCHA to announce a crowdfunding campaign Thursday, July 20, to help fund the league's expenses and lessen the financial burden of the seven remaining schools [...]

Enterprise InnovationWomen are better when it comes to crowdfunding | IT-OnlineIT-OnlineWhile men are more likely to use seed crowdfunding than women, women are more successful in reaching their finance goal. This holds true in all sectors and...Women outperform men in seed crowdfundi [...]

Gamasutra (blog)Gamasutra: Anti Danilevski's Blog - The problems of crowdfunding ...Gamasutra (blog)The Art & Business of Making Games. Video game industry news, developer blogs, and features delivered daily.and more » [...]

CNBCAfrica.comCrowdfunding changing people's livesCNBCAfrica.comCNBC Africa's Tshepho Modiba is joined by Mosa Nyamande, Head of Operations and Technology at Khonology for a look at Crowdfunding, a method used to collect many small financial contributions by tapping into the [...]

How Women Trounce Men When Raising Seed Crowdfunding CapitalForbesMale entrepreneurs may account for the majority of business owners raising finance on crowdfunding platforms in the UK, but their female counterparts are far more likely to get the support they seek, new research shows. [...]

YourStory.comA crowdfunding portal ensuring total authenticity of cases, MeHelp lets you donate confidentlyYourStory.comIn March this year, Samiya Hafeez, a 22-year-old woman from Hyderabad, was arrested for running a fake crowdfunding campaign through which she collected almost Rs 22 [...]

The ACNC Crowdfunding Guidance Misses The Biggest Opportunity in Crowdfunding: TrustPro Bono AustraliaAs adoption of crowdfunding by the charity sector has been booming, it's promising to see the ACNC taking steps to inform charities about the potential to access new donors, in a [...]

KHOUSpace Center Houston crowdfunding to restore NASA's mission ...KHOUSpace Center Houston is now crowdfunding to restore the historic control room from the Apollo era.and more » [...]

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 |