Real estate crowdfunding pools money from many investors, through online platforms, to fund specific real estate projects, from single-family flips to large multifamily and commercial developments.
Log in to followEvery entitlement and land banking play I've wanted to look at on a platform has been behind an accreditation wall. The open offerings on those same portals are pooled vehicles ho…
Deal page lists the sponsor as "$400M+ transacted, 40+ projects" and that's it. Nothing about how many of those went full cycle, no realized returns, no mention of the ones that d…
Value-add multifamily on a portal, 96 units, 1978 construction, three story walk-ups, two markets over from where I do my renovation work. $28.5M purchase, $1.77M renovation budge…
The deal was a 68,000 square foot storage facility in a secondary southeast market with a 22,000 foot climate controlled addition to be built on excess pad. Portal deal, accredite…
I set up an account on one of the crowdfunding platforms to see what it actually looks like inside. There are two very different things offered and I can't tell what separates the…
Working through a $25k offering and the structure is two layers. I subscribe into a Delaware LLC the platform formed for this deal, and that LLC is the limited partner in the spon…
I've got a small portfolio of rentals and I've learned the hard way to keep reserves, so committing money for five years makes me itch. The deal I'm reading says target hold of fi…
Three and a half years into what was sold as a 24 month entitlement play, and there is a capital call notice sitting on my desk. Deal shape: 140 acres of raw ground on the growth…
Preferred equity slot in an infill townhome deal on a portal, $25,000 in, 24 month projected term. The pref was written as "10% per annum on unreturned capital, cumulative and com…
Two offerings sitting open on my list right now and they're forcing a choice I've been avoiding. First one: a 140 unit 1980s garden apartment value-add in a Sun Belt secondary mar…
Two offerings sitting side by side on the same platform, same asset. One is senior debt at 9% fixed, monthly pay, 24 month term. The other is common equity in that building, 15% t…
I sold a small timber parcel last fall and have about $140k that isn't doing anything. My default is more land, but I've been reading a ground-up industrial flex deal on one of th…
Still figuring out which strategy fits me, so I put a small amount into a portal equity deal instead of reading about them for another year. Small retail strip, six bays, one vaca…
Trying to make an apples to apples comparison and I don't think I can. On the portal: a five year multifamily equity deal, 11% target IRR, 1.5x equity multiple, distributions star…
Offering is $50k minimum, all cash equity, no debt. Sponsor buys 40 acres of raw ground and pursues entitlement for roughly 180 units, then sells the entitled parcel to a homebuil…
Common equity in a ground-up multifamily deal on a portal. 48 units, wood frame over podium parking, total capitalization $11.2M. Hard costs come in at $165 a square foot, 24 mont…
The collateral line in the offering read "first priority security interest in 100% of the membership interests of the borrower." I read secured and stopped reading. Nobody was sec…
I'm three deals into the portals now and the thing I got wrong at the start was spread. My first check was $1,000 into a single value-add multifamily deal because it looked like t…
Closing out a deal that actually finished, so here are the numbers before I forget them. $35,000 into a senior secured position on a 96 unit value add multifamily in a mid sized m…
I'm saving toward a first purchase and thinking about putting a smaller slice into a crowdfunded deal in the meantime. My agent asked whether I'd need to be licensed to invest tha…