2023 Top 25+ Real Estate Crowdfunding Sites: Comprehensive Reviews and Ratings
(for accredited investors)

Tier 1: Best of the Best (10 out of 10 stars)

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These sites have it all: Very positive investor feedback, high transparency, co-investment, high-volume, average to low fees, excellent bankruptcy protection, strong administration and customer service and strong financial backing.

 

• None. No site has all these features yet. But we hope that will change by the time of our next review.

 

Tier 2: All-Stars (7-9 out of 10 stars)

These sites are extremely strong in the majority of the fundamentals:.

 

• Upright (formerly FundThatFlip)

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All sites in the tier are listed in alphabetical order.

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Tier 3: Contenders (6 out of 10 stars)

These sites are a step below the previous tier, but still have one or more key/strong features that may make them worthy of consideration.

 

• 1031 Crowdfunding

All sites in the tier are listed in alphabetical order.
 

Tier 4: Up-And-Coming + On-probation (3-5 out of 10 stars)

There are 2 types of sites in this category. The first, are up-and-coming sites that may not be as polished as competitors but may have some sort of promise or potential for the future. The second, are sites that have had substantial investor alleged complaints, poor volume or other challenges.

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Up and coming​:

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• None

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On probation:

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• Crowd Street (investor alleged complaints probation)

• Holdfolio (extreme lack of volume)

• Realty Mogul  (investor alleged complaints probation)

All sites in the tier are listed in alphabetical order.​

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Tier 5: The Challenged and the Exited (1 out of 10 stars)

Some of these sites have had major legal, financial, volume, investor alleged complaints and/or other challenges to deal with. Others switched business models and  exited the accredited investor market or the entire real estate crowdfunding platform business.

Challenged:

 

• Cadre (would not answer public questions)

• CityVest (volume challenged)

• Diversy Fund (legal challenges with v1.0 of company--CCCG DBA DiversyFund)

• Equity Multiple (investor alleged complaints challenged)

• IncomeAnd (model challenges)

• Instalend (SEC lawsuit alleging fraud)

• ShareStates (investor alleged complaints challenged)

• Yield Street (investor alleged complaints challenged)

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Exited:

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• Acquire Real Estate (volume challenged and then exited)

• Alpha Flow (investor alleged complaint challenged and then exited)

• Arbor Crowd (volume probation, no deals in years appears to be shut down)

• Carlton Crowdfund (appears to be shut down)

• Crowd Flipr (shut down)

• CityFunders (shut down)

• C.K. Mack (appears to be shut down)

• Early Shares (volume challenged, shut down)

• First Real Fund (appears to be shut down)

• Full Capital Stack (exited platform market)

• Fundrise (exited accredited investor market)

• Groundbreaker (exited platform market)

• iFunding (exited via bankruptcy)

• Kiavi (formerly called  LendingHome) (shut down)

• Money 360 (exited platform market)

• Patch of Land (shut down)

• Peer Street (chapter 11 bankruptcy)

• Peer Realty (volume challenged, shut down)

• Prodigy Network (investor and ex coo complaints challenged, being sued by investors, volume challenged, shut down)

• Real Crowd (shut down...turning into Trinity Investors)

• Realty Shares (investor alleged complaints probation. Now shut down)

• Roofstock (appears to be shut down)

• Roofstock One (shut down)

• SBRE Funds (exited platform market)

• TripleNetZeroDebt (volume challenged, no new deals in years and appears to be shutdown)

• Wilson Investment Properties (shut down)

• Zeus Crowdfunding (appears to have exited)

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