e this link http://bit.ly/LinkToTheRealEstateEngine
To post a real estate listing, use this link: http://bit.ly/TalkToTheRealEstateEngine
-- +Thanks, and Keep STRONG!!
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n group for Brandergy.com members who want to accelerate their networking for particular properties and/or clients.
To visit The Real Estate Engine, use this link http://bit.ly/LinkToTheRealEstateEngine
To post a real estate listing, use this link: http://bit.ly/TalkToTheRealEstateEngine…
olled by the select few “accredited investors.”
As the Twitterati now patiently wait for the SEC to release its regulations and usher in startup crowdfunding, a different breed of crowdfunding is emerging out of DC.Fundrise, a DC-based startup, is taking advantage of seldom used SEC Regulation A to start selling shares in commercial real estate at $100 a pop.
Crowdfunded real estate?
Fundrise was founded by Ben and Dan Miller, who spent the last few years building up a booming commercial real estate business. Frustrated with Wall Street investors, the brothers decided to build Fundrise to democratize the process of investing in commercial real estate.
“We felt that the private equity funds we looked to raise money from typically had no natural connection to the neighborhood buildings we were developing,” Ben Miller explained. So the brothers cut out the traditional middlemen and created the opportunity for direct investment. Now Ben says they believe that Fundrise “provides a platform that can revolutionize who influences neighborhood development by giving the general public the opportunity to invest in and own local real estate and businesses.”
The first offering on the site allows users to buy shares in 1351 H Street NE, a restaurant location on the booming H Street Corridor in DC. The building is leased to Maketto, a yuppie paradise of sorts, that combines a Japanese-themed culinary “night market” with a clothing boutique for DURKL, a popular DC-based streetwear company.
Ben told us that “Our goal at Fundrise is to provide the next generation of investors an opportunity to be a part of their own neighborhood development…all while earning potential financial returns.“ By investing in the project, you get a portion of the 10 year lease proceeds (projected to be 8.4% year), a portion of the profits of Maketto, and a portion of the future appreciation of the building.
How does it work? SEE: http://bit.ly/crowdfunded_real_estate…