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Chicago Real Estate Equity Crowdfunding Site Now Accepting $5,000 Investments from Accredited Investors

19 Mar

PeerRealty Opens $1,000,000 Investment Opportunity for Investors to Invest in the Illinois Riverside Plaza Shopping Center

 By Robert Hoskins

Chicago, IllinoisPeerRealty.com announced that it is now accepting investments from accredited investors interested in investing in the Riverside Plaza shopping center in Belvidere, Illinois. The $1 million offering is one of the largest real estate crowdfunding offerings in Illinois history.

PeerRealty Real Estate Equity Crowdfunding Platform in Chicago Illinois

PeerRealty Real Estate Equity Crowdfunding Platform in Chicago

“When I founded PeerRealty last year, I wanted to give ordinary investors the opportunity to participate in the types of large-scale commercial and residential real estate deals that had previously been reserved for institutional investors,” says PeerRealty CEO Jordan Fishfeld. “I also wanted to give Midwest real estate investors the chance to invest close to home, so I’m thrilled that we’re able to bring real estate crowdfunding opportunities to this largely untapped market.”

Investors had previously been able to make non-binding investment reservations while the due diligence process was being completed. Accredited investors now have the opportunity to participate in an equity investment in Riverside Plaza, a 62,538-square ft shopping center located in the heart of downtown Belvidere, Illinois, one hour northwest of Chicago.

The minimum investment in the offering is $5,000. The deal is sponsored by Crosstown Capital Partners, LLC, a Chicago-based real estate investment firm with over 20 years of experience investing in and managing commercial property.

PeerRealty.com is a streamlined, online portal that allows any accredited investor to participate in high-quality real estate deals. A strong team and advisers with institutional backgrounds review and select deals. The founding team has over 10 years of real estate investing experience, and includes M.B.A.’s from Northwestern University’s Kellogg School of Management, the University of Chicago Booth School of Business, and the University of Miami (FL). Exclusive PeerRealty sponsors include Elmdale Partners, Windy City RE, LLC and Heritage Realty Partners Inc.

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Crowdlending Platform P2Binvestor Announces $50 Million Milestone

19 Mar

P2Bi simplifies lending through technology and provides efficient and competitively priced working capital to growing B2B businesses

 By Robert Hoskins

Denver, ColoradoP2Binvestor (P2Bi) announced that the firm has reached more than $50 million in invoices funded since signing its first direct client in May 2014. To date, P2Bi has financed the growth of companies in technology, natural foods and products, manufacturing, energy, and personnel services with average annual revenues ranging between $500,000 and $25 million.

Crowdlending Platform P2Binvestor Announces $50 Million Milestone

Crowdlending Site P2Binvestor Announces $50 Million Milestone

“Exceeding $50 million in purchased invoices in 10 months is a huge achievement for us. It speaks volumes about the market demand for our product and the hard work of our amazing team,” said Krista Morgan, P2Bi CEO and cofounder. “I am confident our rapid growth will continue in 2015 as we launch new products; I’m especially excited about the first revolving line of credit for SaaS companies and a free-fill loan product for our natural foods customers,” Morgan added.

P2Bi’s crowdsourced funding model reduces its effective cost of capital, creating room for more flexible rates and terms for its clients. A crowd of accredited investors participates in funding each credit line, and investors earn a fair return on the platform in exchange for supporting P2Bi’s clients.

“The last year has been about proving we can underwrite effectively and be a good partner to the great companies we are funding,” said Bruce Morgan, executive vice chairman and cofounder of P2Bi. “Our innovative crowdfunding model has enabled us to achieve in a short amount of time what a traditional alternative finance company would take years to accomplish,” Morgan continued.

P2Bi can provide working capital financing of up to $5 million per client—normally secured by accounts receivable, future contractual revenue flows or other assets. The company’s aim is to improve access to working capital for growing businesses with a new generation of financing products.

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