Loss
I am building a list of small rentals and figured I would put a little money on a crowdfunding platform in the meantime, mostly to see how these things work from the inside. $5,00…
Discussion
Two multifamily deals I've been watching on one of the bigger portals both have the same gray banner across the invest button: accredited investors only. My service business incom…
From the desk:
I've been building a spreadsheet to compare offerings across platforms and it's gotten out of hand, because the headline number is the only thing that's comparable and it's the le…
Discussion
Two equity offerings in front of me, same asset type, both targeting low teens IRR on a five year hold. First one: sponsor puts in 10% of the equity alongside investors, 2% acquis…
Discussion
Went through a subscription agreement last night and found the sentence that made me stop. The platform describes itself as the portal and the technology provider. The issuer is a…
Discussion
Two offerings on the same portal, both multifamily, both roughly four to five year holds, and the distribution structure is the only thing I can't reason my way through. One pays…
Discussion
The offering page says 10 to 12% target IRR and then further down there's a line about distributions beginning in year three, which I don't understand if I'm supposedly getting 10…
From the desk:
Third crowdfunded LP position and the first time I've read a waterfall that orders things this way. Language is roughly: distributable cash goes first to an 8% cumulative preferre…
Loss
The plan was diversification. One portal, five deals, $10,000 each, different asset types and different states. Two extended stay hotel conversions, a small industrial infill, a b…
From the desk:
Looking at a first position mortgage offering on a crowdfunding portal. $10,000 minimum, 10.0% annual rate paid monthly, 12 month term with two 3-month extension options at the bo…
Discussion
Trying to get straight what it actually costs to put money into one of these. One platform says $10 to start, another says $500, and the deal-by-deal ones I looked at said $25,000…