Real Estate Crowdfunding Platform Has Returned $40 Million to Its Investors
LOS ANGELES–RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced today that it has crossed $200 million in funded equity and debt transactions on its platform. The company also announced it has reached $40 million in distributions of principal and returns to its investors.
Since its launch in 2013, RealtyMogul.com, which connects investors with opportunities to participate in commercial real estate transactions, has grown to over 80,000 members in 50 states who have invested in more than 350 properties.
“Our goal has always been to democratize commercial real estate by enabling a new generation of investors to participate in real estate opportunities that were historically difficult to access,” said RealtyMogul.com CEO Jilliene Helman. “Reaching the $200 million mark at this stage shows we’re continually following through on this goal and growing as a company.”
“Through its crowdfunding platform, RealtyMogul.com has unlocked a traditionally opaque and proprietary asset class to the investing masses,” said Hrach Simonian, General Partner at Canaan Partners and a RealtyMogul.com board member.
RealtyMogul.com allows investors to invest in real estate across a variety of property and investment types nationwide. The company focuses on small-balance commercial real estate opportunities in the $1-5 million range. Recent transactions the platform has facilitated include a $2.2 million first-mortgage loan on an industrial property in Alabama, a $1.5 million preferred equity contribution to a multi-tenant office building in Illinois, a $1 million joint venture equity investment in a shopping center in Florida, and a $1.25 million mezzanine loan on an office complex in California.
“RealtyMogul.com is poised to continue disrupting the real estate investment landscape, guided by its principal of ‘access through innovation,’” added Rob Rueckert, Partner at Sorenson Capital and RealtyMogul.com board member.
“The $40 million in returned funds is as important in my mind as our total invested dollars, if not more,” added Helman. “Creating value for our investors is what we thrive on. At the end of the day, it’s all about them.”
RealtyMogul.com is an online marketplace for real estate investing, giving individual investors real-time access to commercial real estate and professional real estate companies easier access to capital. Through crowdfunding, RealtyMogul.com gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyMogul.com partners with professional real estate companies to source investment opportunities and curates all of the investments. For these real estate companies, RealtyMogul.com offers JV and preferred equity as well as mezzanine and first position debt. For more information, visit www.realtymogul.com.