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

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 |