Crowdfund Insider provides details on how to launch a real estate crowdfunding platform in the US; discusses different types of offerings and securities; also outlines business planning, capital funding and licensing. Source
DreamFunded is launching new offerings under Reg CF; real estate investments on the platform will now be available for any investor; its first Reg CF offering is a fix and flip real estate loan secured by a first mortgage with a minimum investment of $500; the loan is offering 10% interest paid monthly. Source
HouseCanary is working to provide better real estate property valuations through its fintech services; uses machine learning and algorithms to analyze data and identify home values; the company has reported a funding round with $33 million in new capital from investors including Eric Schmidt and Kobe Bryant. Source
A new fintech startup based in London wants to make buying an investment property as easy as ordering something on...
LendInvest's retail bond began trading on the London Stock Exchange (LSE) this week, with the offering raising GBP50 million ($65 million) and promoted as the first to be issued by a fintech company; the underlying assets in the bond portfolio include property loans issued by the LendInvest platform; Christian Faes, co-founder and CEO of LendInvest, said: "We launched the bond program to make our asset class available to retail investors through an LSE listed offering because it is a well-established, robust structure that offers customers considerable protections. However, whilst the bond was popular with retail investors, some of the city's largest institutional investors also made significant investments."; the retail bond is the first in a multi-year GBP500 million ($650 million) bond program for LendInvest. Source
Christian Faes, the CEO and Co-founder of UK property lender LendInvest, discusses tech, investment channels, the UK housing crisis, Brexit,...
Nested has reported an 8 million British pound ($10 million) fundraising from investors Passion Capital, GFC and Tim Bunting; the growing company is another example of proptech innovation in residential real estate; targeting the UK housing market, the company guarantees the sale of listed property within 90 days either to a new owner or by buying the property themselves. Source
StackSource has launched an online lending platform for commercial real estate; the company provides a marketplace for connecting owners and developers with banks and non-bank lenders for credit financing; the multi-lending platform connects borrowers with lenders through the StackSource proprietary lender database; StackSource was developed from the TechStar accelerator program and was founded by Tim Milazzo. 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
Money360-affiliate M360 Advisors has registered with the South Korea Financial Supervisory Service; the registration allows institutional investors from South Korea to invest in the firm's real estate fund; the fund invests in secured US commercial real estate properties through bridge loans and offers global investors a high yield fixed income alternative; the fund has already received $65 million from a South Korean institutional investor and is planning for investment of $250 million in the first half of 2017; the fund is managed to provide international tax efficient investing along with high yield fixed income returns and has a number of other foreign investors including investors in China, Singapore, South Africa, Europe, Canada, the Netherlands and Kuwait. Source