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Real Estate

·Apr. 21, 2017

CB Insights Reports on Real Estate Tech Investment

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

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News Roundup Online Lending Real Estate USA

·Aug. 30, 2017

Money360 and Ten-X Partner for Online CRE Lending

The partnership will focus on Money360 providing pre-arranged financing options for eligible commercial properties listed for auction on the Ten-X platform; financing options on these properties will be transparently disclosed on the platform and Money360 will work with buyers to complete the underwriting, processing and closing of the loan; the partnership expands deal flow of commercial properties for Money360, which utilizes technology to enable commercial real estate loan transactions from $1 million to $20 million. Source

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Fintech Real Estate USA

·Jul. 13, 2020

Lend Academy Podcast: Vishal Garg of Better

Episode 255 features Vishal Garg, the CEO and Founder of Better.com; he discusses the state of the mortgage market with...

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News Roundup Online Lending Real Estate

·Mar. 1, 2017

Ron Suber of Prosper Invests in Money360

Ron Suber has invested in online commercial lending platform Money360 and will also join the firm as a strategic advisor; Money360 has been growing fast and estimates loan originations will exceed $500 million by 2017; the investment will add to Ron Suber's fintech portfolio which he is managing from a family office; his equity investment follows positive returns from loan investments on the platform. Source

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Fintech News Roundup Real Estate

·Feb. 1, 2017

Knock Raises Capital for Home Selling Service

Knock has raised $32 million in a Series A funding round; the firm plans to launch an online real estate platform that will provide for greater real estate market liquidity; the firm will compete with OpenDoor and OfferPad also offering similar services; it's currently testing its platform investments in Atlanta, Georgia. Source

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News Roundup Online Lending Real Estate

·Dec. 30, 2016

Potential for Bank and Real Estate Crowdfunding Partnerships

There have been many bank partnerships with marketplace lenders however there haven't been any done with real estate crowdfunding platforms; Allen Shayanfekr, CEO of Sharestates, predicts banks will partner with real estate platforms in 2017; says banks could lower costs and require less investment in new products by partnering with real estate platforms; Allen Shayanfekr outlines three types of scenarios for partnerships including: bank as originator, bank as capital provider and white labeling. Source

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News Roundup Online Lending Real Estate USA

·Feb. 22, 2017

Brew Johnson a Featured Real Estate Speaker at LendIt USA 2017

PeerStreet is a platform founded by Brew Johnson? and Brett Crosby; initially launched to take advantage of inefficiencies in the real estate market, the platform has grown to service a wide range of accredited investors; the platform has originated over $200 million in real estate loans; it attributes its success to the platform's focus on short-term, first position lien loans, and a robust legal and compliance team; Brew Johnson will be speaking at LendIt USA 2017 on a panel discussing "Residential & Commercial Real Estate: What's next for real estate crowdfunding?" Source

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News Roundup Online Lending Real Estate USA

·Nov. 9, 2016

AdaPia D’Errico, Chief Marketing Officer, Departs Patch of Land

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

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Fintech News Roundup Real Estate USA

·Jan. 13, 2017

HouseCanary Adding Capital of $33mn

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

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