Advertisements
Archive | Grand Rapids RSS feed for this section

MichiganFunders.com Launches 1st Equity Crowdfunding Site in Detroit for Non-Accredited Investors and Entrepreneurs

25 Feb

Under the Michigan Invests Locally Exemption (MILE) Act, New Rule Allows Non-Accredited Investors to Invest Alongside Angel Investors for 1st Time in 80 Years

By Robert Hoskins

Detroit, MI – MichiganFunders.com announced that it launched the 1st equity crowdfunding site in Detroit to connect Michigan-resident investors and Michigan-based businesses that are seeking growth funding. The equity crowdfunding site is  the first portal based in Michigan to allow investors to participate in private equity investments in exciting local startups, expanding businesses, and real estate. All investors, regardless of income, are able to participate in funding the future. Investing in exciting local Michigan businesses has never been easier. 

MichiganFunders Equity Crowdfunding Site for Non-Accredited and Angel Investors

MichiganFunders Equity Crowdfunding Site for Non-Accredited and Angel Investors

Following the passage of Public Act 264, co-founders David Tessler, local attorney Jeffery Freeman, and Niles Heron partnered to build the platform, which will for the first time, open up investment opportunities to Michigan-based non-accredited investors. The site launched in February 2015 and will be open to both prospective investors and entrepreneurs. 

According to a leading research report, How Accelerators Kickstart Startup Ecosystems by TechCocktail, “In 2013, over $120 million in venture capital was invested in 40 Michigan companies, the most deals done in a single year in the past decade. The state now boasts 33 venture capital firms (50% more than 2008), $1.6 billion of capital under management, and over 90 investors (84% more than 2008). Its Q2 investments in 2014 landed it #11 among US states.”

In 2014, Google recognized the huge potential for growth in Detroit and launched Grand Circus Tech Hub located inside M@dison Block to provide financial support and resources for entrepreneurs.  The investment is a sign that even Internet Moguls do not forget their roots. Google co-founder Larry Page was born in East Lansing, less than 100 miles from Detroit, and graduated from the University of Michigan.

Equity Crowdfunding will augment Michigan’s ability to provide additional seed investment capital to their growing network of entrepreneur and startups organizations such as:

Michigan is the 10th most populated state in America, and growing yearly, with almost 10 Million residents. The state contribute’s in excess of $400 billion to the national GDP, which is more than Thailand, Austria, and a host of other countries produce for themselves yearly. Detroit was recently ranked a top-city for entrepreneurship and startups by Forbes.

The Michigan Invests Locally Exemption (MILE) opens up small business securities investments to all Michigan residents in a way not available nationally, or in the majority of other states. We’re from here, based here, and committed to working with local investors and small businesses to bridge the gaps.

“Michigan Funders firmly believes that the pursuit of dreams is an inalienable right, and should not be denied or deferred because of access or wealth. Within that is our belief that investors should be allowed access to investments, and businesses should be allowed access to capital – both within a truly democratic market,” said Niles Heron, Chief Business Development Officer at Michigan Funders.

Built on the CrowdEngine crowdfunding platform, state residents can now invest up to $10,000 per investment, per year, in startups, existing businesses, and real estate via crowdfunding platforms.

“CrowdEngine is proud to have been part of many crowdfunding ‘firsts’, and this is another key milestone in bringing equity crowdfunding to the world. This is the same technology trusted by investors and entrepreneurs around the world, but now we’re enabling a new investment experience for intrastate crowdfunding portals that is accessible, efficient, and secure,” said Jim Borzilleri, President.

Accelerators and Incubators can use CrowdEngine’s software to launch their own equity crowdfunding site that features:

  • User-Friendly Tools  – That simplify the creation, promotion and securing of new investments for small businesses.
  • Align Investors to Investments – With access to a broader range of locally based investments not limited by federal requirements of existing personal relationships, “accredited” investor status, or other federal compliance requirements.
  • Streamlined due diligence  – A new population of investors and entrepreneurs can focus more on fundraising instead of paperwork, with digitized templates, automation and e-signing during the checkout processes. 
  • Increased Convenience –  Michigan residents can now browse investments anytime, from anywhere, on any device.
  • Investor Management – Once investments are complete, companies and entrepreneurs have one simple tool for investor communication, payouts, dividends, and quarterly updates.

# # #

Advertisements

Loquidity to Offer Pre-Vetted Equity Crowdfunding Real Estate Deals as the Midwest’s Economy Bounces Back

13 Jul

Loquidity provides equity investors access to the burgeoning list of real estate opportunities throughout the midwest and central United States via the new equity crowdfunding platform

By Robert Hoskins

Grand Rapids, MichiganLoquidity.com announced the launch of its digital marketplace for premier real estate assets in the Central and Midwestern United States. The new debt and equity real estate equity crowdfunding platform will enable real estate professionals to publicly advertise their pre-vetted deals. The site will provide accredited investors unparalleled opportunity to shop one of the fastest-growing real estate markets in the country. Loquidity’s launch allows investors to capitalize on the Midwest’s continued economic recovery, including lower unemployment rates and increased manufacturing activity, which is helping drive strong demand for multifamily and commercial property development.

New Midwest Platform to Offer Pre-Vetted Real Estate Deals in the Midwest and Central United States as Region's Economy Bounces Back

New Midwest Platform to Offer Pre-Vetted Real Estate Deals in the Midwest and Central United States as Region’s Economy Bounces Back

Loquidity launches with a coveted $3.4 million deal, $1.4 million of which is being raised on the platform, for a 72-unit multifamily property in Grand Rapids, Mich. The city was recently named as the best place to own rental property in the U.S, according to All Property Management’s annual survey of 75 U.S. markets.

The platform’s founders are leveraging decades of combined real estate investing experience in the region to curate top-tier opportunities for accredited investors, who can contribute as little as $5,000 per deal. Loquidity will focus on real estate investments in Michigan, Illinois, Ohio, Wisconsin, Iowa, Nebraska, Minnesota, Missouri, Kentucky, Pennsylvania, Virginia, Tennessee, Indiana and Kansas.

“We understand the real estate markets in this region better than anyone,” said Jesse Clem, the co-founder and CEO of Loquidity with more than 15 years of experience as a senior leader within Fortune 500 corporations. “With a strong jobs market, a rebounding manufacturing sector and a thriving property market, the Midwest is becoming a prime target for real estate investors in the U.S. and internationally. Loquidity specializes in commercial and multifamily properties, which we believe will provide stable, risk-adjusted yields for our investors with significant potential for capital appreciation.”

Real estate sponsors seeking debt or equity financing for their projects can benefit from Loquidity’s growing network of active investors interested in the revitalization of their local communities. The Federal Reserve Banks of Cleveland and Chicago noted in an April report that demand is strong for multifamily housing and commercial property and that key industries in the region are growing steadily.

“A lot of people have overlooked the Midwest when searching for quality real estate assets,” said Loquidity COO Joe Elias, who has more than 15 years’ experience in real estate development in the region. “In reality, our deals represent an incredible value to investors as the employment rate and other economic variables improve. We also anticipate strong interest from native Mid-Westerners who want to help bolster their communities while realizing a financial return.”

# # #

 

%d bloggers like this: