The Real Estate Crowdfunding Review Late August 2018 Update
Updated: Sep 8
Newcomer ArborCrowd leaps to #5 in the rankings. Plus a new private club forum, private webinar for WFP Income fund and promising new hard money loan fund: IronBridge.
(Usual disclaimer: I'm just an investor expressing my personal opinion and not a financial advisor, attorney or accountant. Consult your own financial professionals before making any financial decisions. Code of Ethics: We do not accept any money from any sponsor or platform for anything, including postings, reviews, referring investors, affiliate leads or advertising. Nor do we negotiate special terms for ourselves in the club above what we negotiate for the benefit of members.). A lot is happening this month, so here's the second update the latest information.
Arbor Crowd ArborCrowd is a newcomer to the rankings that specializes in multifamily (apartment) commercial real estate (CRE) deals. It offers both single property and multiple property funds, and to date has done all equity deals. They have burst on the scene at #5 with a dazzling number of industry-leading features including: ultrahigh skin in the game (and 51% when looking at both the sponsor and the ArborCrowd affiliate), industry-leading due diligence documents and the only equity site that does pre-funding. The Arbor family of companies include Arbor Realty Trust, which is a New York Stock Exchange traded commercial mortgage REIT. (Read more...)
Private Investor Club Updates: (Membership in the club is free, but requires verification that the investor has no ties to platforms or sponsors.)
New forum! Since we hit 1,000 club members it was time to upgrade the old forum. The new one is so much faster, fixes all the bugs with emails, and has a bunch of new capabilities including file uploads (finally!), member to member messaging, chat and polls. If you are an existing member, you will need to transfer over your acccount info to the new forum in order to use it. You can transfer it here. If you've already transferred your account to the new forum, you can access it directly here:
Wilshire Finance Partners (WFP) Income Fund: Private webinar August 30th at 1pm This is a rare commercial real estate hard money loan fund, that claims to have never experienced a default in its history. They are doing a webinar for the club on August 30 at 1 PM Eastern. Read more...
IronBridge Hard Money Loan fund This is a very unusual hard money loan fund that the club is currently doing due-diligence on. Normally a conservative fund is a maximum 65% LTV but this fund is structured so that the notes are at a maximum of 25% LTV, which is unheard of. It also allows withdrawal in just 30 days, which is much shorter than other funds (which range from six months to a couple of years). The interest rate is a conservative 6%. The quarterly reports are exceptionally detailed. Read more...