SAN FRANCISCO--(BUSINESS WIRE)--RealtyShares, the online marketplace for real estate investing that connects accredited and institutional investors to real estate investment opportunities, today released data on crowdfunding projects throughout Florida. Working with local developers, RealtyShares has leveraged its network of 20,000 investors to help fund more than 200 properties in Florida for $28.1 million.
RealtyShares is not just a listing website. It’s a tech-driven marketplace where Sponsors are vetted through a strict underwriting process. Even after the deal is funded, RealtyShares is helping to manage the deal. Deals on the platform average around 55 investors each, with Florida-based opportunities largely focused on residential revitalization projects. These fix and flip debt deals are funding rapidly, giving developers and borrowers efficient alternative access to financing around the state.
“Just like the cities in Florida have unique characteristics, our borrowers bring a unique set of skills and backgrounds to each funding request,” said Mark Masterson, Director of Investments for RealtyShares. “With more than 1,200 sponsor applications flooding in each month, a refined vetting process is crucial to what we do, ensuring that we’re working with the best in the state.”
Much of the interest from the RealtyShares investor community has been in Orlando, where 43 properties have been funded on the platform.
“Florida as a whole is attractive from the standpoint of an investor,” said Masterson. “The combination of a great economy and lack of inventory at lower price points make Orlando an excellent market for the type of residential projects we look for. The Orlando deals we’ve put on the platform are ideal for driving investor activity.”
Jacksonville has also had substantial investor interest, generating $14.5 million, mostly through a series of multi-property funds, while the Tampa area netted $8.5 million from the crowdfunding community as well.
“In Tampa, the combination of discounted properties and the low interest rate environment make it an attractive market for retail home buyers and our investors,” said Masterson. “South Florida has long been a target city for us as well. It is the gateway city to Central and South America, so real estate projects here tend to generate a lot of international interest. We have been able to give accredited U.S. investors the opportunity to participate or gain exposure in this robust market. Finally, Jacksonville has presented us with some very strong investment opportunities. We had the opportunity to work with some incredible partners and participate in the acquisition and repositioning of a sizeable amount of distressed residential inventory. We’re very optimistic about the Jacksonville market and continue to look for single family and commercial investment opportunities for our investors.”
You can read more about RealtyShares and the company’s strict borrower vetting process on their blog. The combined Florida infographic and individual regions can be found here.
About RealtyShares
RealtyShares is transforming the real estate investment landscape by connecting borrowers and sponsors to debt and equity capital from accredited and institutional investors, across an array of financing products. Through the RealtyShares website, these investors can browse investment opportunities, perform due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyShares offers equity securities through North Capital Private Securities Corporation, member FINRA/SIPC. For more information on how to become a real estate investor or to seek capital through the RealtyShares marketplace, please visit www.realtyshares.com.
