PeerStreet, a platform for investing in real estate backed loans, has now integrated with Personal Capital which is powered by the Envestnet | Yodlee data aggregation platform; customers will now be able to view their PeerStreet positions within their investment portfolio on Personal Capital; this is the third such integration as PeerStreet recently announced integrations with Wealthfront and Betterment; "Many PeerStreet customers have asked for this integration with Personal Capital. We're always working to improve the experience for our customers and provide greater control and transparency," said Brett Crosby, co-founder and COO of PeerStreet." Source
Lend Academy shares details about some of the emerging platforms in the real estate market; new platforms have been providing innovative services to help make real estate transactions easier and make homeownership more affordable; companies mentioned are offering lower down payments and some participate in purchasing equity of the home; new platforms are also significantly reducing the expected transaction time for buying and selling a home. Source
Fundrise plans to offer a new fund that invests in the development of homes for sale in Los Angeles, California; investors in the fund will be investing in a diversified portfolio of real estate properties in development and for sale with the option to buy homes in the portfolio; investors will receive distributions from the fund's operating cash flow which will primarily be generated from the sale of homes in the fund; distributions may also be made from other sources of cash flow including structured equity or debt. Source
Money360 has reported another milestone in the nascent online lending commercial real estate market; the firm has originated $100 million in new commercial real estate loans in the past six months, doubling its total from August 2016; four recent loan closings for a total of $38 million helped the company reach its $200 million milestone; Money360 says it expects to exceed $500 million in loan transactions by the end of 2017. Source
AlphaFlow has announced the launch of AlphaFlow Managed Portfolios; created by Ray Sturm, co-founder of RealtyShares, AlphaFlow has been managing real estate investments that allow investors to invest in loans across multiple real estate crowdfunding platforms since its launch in 2015; the introduction of the AlphaFlow Managed Portfolios is an effort to better meet the needs and demands of the firm’s investors; the new platform will provide investors with a real estate portfolio of 75 to 100 real estate loans; the portfolio will be driven by AlphaFlow Advanced Analytics and targets returns of 8% to 10% with a 1% fee on assets under management. Source
Christian Faes, the CEO and Co-founder of UK property lender LendInvest, discusses tech, investment channels, the UK housing crisis, Brexit,...
AdaPia D'Errico, a prominent executive and marketer in real estate crowdfunding, is departing Patch of Land; CEO Paul Deitch, who was recently brought into the company to help it mature and reorganize, bid D'Errico a fond farewell; she will continue to serve in an advisory role through 2017, while considering future options including other aspects of real estate; she is replaced by Robert Greenberg, who joined the company in August as a marketing consultant. Source
According to CB Insights, real estate tech received $2.6 billion in funding in 2016 across 277 deals; the category is broad including companies providing technology to brokers, investors, lenders, mortgage providers, property owners, managers and buyers; given current run-rates total volume for 2017 is expected to increase; notable financings include Homelink, PropTiger, Placester, Knock, OfferPad and Nested. Source
P2P commercial real estate lender Relendex has received authorization from the Financial Conduct Authority; the platform provides secured commercial property loans through its P2P marketplace lending platform and now plans to seek the offering of innovative finance individual savings accounts for its investors; in comments regarding the authorization, Michael Lynn, the firm's founder and chief executive officer said, "FCA full authorization marks a fantastic start to 2017 for the Relendex team and platform which will further encourage and facilitate investment in commercial property from both our UK and foreign investors." Source
Roofstock has hired Jason Altieri as its chief legal and compliance officer; Altieri served as general counsel at Lending Club until October and still remains an advisor for the firm; in his new role he will lead the legal and compliance efforts for the emerging real estate company; the firm matches sellers of single-family rental homes with interested investors and facilitates all of the transactions through a digital marketplace. Source