RealtyShares, one of the leading real estate crowdfunding groups in the industry, has topped $30 million of real estate investments for 2015's 3rd quarter alone. The accredited crowdfunding platform is seeing a continuous surge of solid investor demand from different property types. The company claims to having some of the strongest deal flows in the confines of real estate crowdfunding sector, Crowdfund Insider reports.
"Crossing the $30 million dollar mark for a single quarter is a major milestone, particularly given the short history of our company," says CEO of RealtyShares, Nav Athwal. "It is particularly significant given that these financings were entirely funded by our "crowd" of accredited investors. We've seen some of our competitors tout numbers that appear to include institutional capital handled entirely outside of the crowdfunding platform. This latest funding milestone, on the contrary indicates yet again that RealtyShares' deal volume is among the highest in the industry."
According to the company, investors are big on both debt and equity investments.
"We're continuing to see strong investor demand across many property and product types," adds Javier Benson, the crowdfunding company's Director of Investments. "Apartment properties and single-family residential loans have always been of interest to our investor base, but recently we've also had solid success with retail properties and other asset classes. We have enjoyed particular success recently with our hybrid products like mezzanine debt and preferred equity, each of which have met with strong demand from investors. Our product offerings are among the broadest in the industry, and we plan to continue to expand our deal flow to fulfill increased investor demand across all product types."
So far, RealtyShares is reported to have supported more or less 1500 various properties all across the United States. Athwal shares that sponsors see the company as a viable new source of capital where borrowers can process their loans quickly and efficiently. "Investors now enjoyed access to diversified deal flow across many different product types and geographic locations. We're excited to see our business model being proven on an ever-increasing scale," he adds.
