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iFunding Raises $1,950,000 for Preferred Equity Investment for University of Florida

25 Aug

iFunding, a leading commercial real estate crowdfunding platform, raises $1,950,000 for a student housing apartment community in Gainesville, Florida

By Robert Hoskins

New York, New York – iFunding has raised $1,950,000 of preferred equity for a best-in-class student housing community in Gainesville, FL. The Sponsor is an innovative developer with a diverse US property portfolio. For this development, they secured a prime location proximate to both the University of Florida and the region’s leading retail center. 

iFunding has raised $1,950,000 of preferred equity for a best-in-class student housing community in Gainesville FL

iFunding has raised $1,950,000 of preferred equity for a best-in-class student housing community

The preferred equity investment is being made simultaneous with the property’s transition from construction to occupancy. This 600+ bed community outperformed lease-up expectations and was 99.2% pre-leased.

iFunding’s preferred equity is a participation with an institutional investor that has completed over $1 billion of transactions since 2010.

William Skelley, Founder & CEO of iFunding, observed, “As the iFunding community continues to expand its investor universe, we are thrilled to provide offerings that meet our investors preferences: multifamily assets with attractive yield and short-term duration. This capital raise not only meets those preferences, it’s a participation with an established commercial real estate family office.”

Innovational Funding LLC (“iFunding”) is one of the leading commercial real estate crowdfunding platform aggregating investor capital to provide equity and debt financing to owners, developers, and fund managers by leveraging relationships, technology and a full-service online platform. Accredited investors and institutions can register on our website to review our curated online investment marketplace, which includes investment positions in all asset classes and throughout the capital stack.

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The Bruckal Group Raises $1 Million to Expand Residential Community on Real Estate Crowdfunding Platform, iFunding.com

12 Dec

The Denver-based Real Estate Developer Will Sell Over 30 Existing Units and Build 45 New Units Using Crowdfunding to Finance Its Business Projects

By Robert Hoskins

New York, NY – iFunding announced The Bruckal Group raised $1 million on the real estate crowdfunding platform for its latest residential project. The fundraising was accomplished in 14 days, involving 45 participants from iFunding’s registered base of thousands of accredited investors. The $1 million in crowdfunded equity finance complements another half-million dollars in equity from other sources, and several million dollars via loan.

iFunding.com Equity Crowdfunding for Real Estate

iFunding.com Equity Crowdfunding for Real Estate

The financing will support the acquisition and expansion of a townhouse and condominium community in the fast-growing suburb of Aurora, Colorado. Aurora is home to a new biosciences center, air force base, and children’s hospital, and near Denver International Airport. The Bruckal Group will convert over 30 rental units on the estate into resident-owned properties, then build and sell over 45 more units on the remaining open land. This phased development approach will enable investors to receive a preferred return on equity plus return of capital relatively quickly, followed by additional profits from the new construction.

The Bruckal Group are experienced developers and operators on the west coast of the United States and Canada. The company has been renovating a 436-unit apartment complex in Phoenix, Arizona. They are currently going to market with an 18-unit, high end townhouse project in Tempe, Arizona. The Bruckal Group also recently refurbished and sold a 105-apartment high-rise in Denver, Colorado.

Myles Bruckal, CEO of The Bruckal Group, explained their decision to leverage iFunding’s platform for crowdfunding because, “We had researched several crowdfunding sites and determined that iFunding was a good fit for a $1 million raise, with flexible terms for our investment plan. iFunding’s track record was outstanding. We found their team to be very thorough and responsive during the listing process. Our team looks forward to further investment collaboration together.”

iFunding’s CEO, William Skelley, said, “We were very enthusiastic about facilitating The Bruckal Group’s crowdfunded financing. They demonstrated real depth in understanding their markets and executing profitably on sizable residential projects. Because this project involved an eye-catching townhouse community in a growing neighborhood, with attractive returns over several years, this offering quickly caught the attention of many investors.”

In parallel with iFunding’s ongoing evaluation of real estate operators and properties to list for crowfunding, the company also is raising equity investment in its own company. In the first three days of listing its corporate fundraising campaign at http://www.crowdfunder.com/ifunding, iFunding raised $995,000. Accredited investors are invited to read our materials on the site and consider investing in our company.

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iFunding Raising $2 Million with Equity Crowdfunding Campaign on Crowdfunder

6 Dec

After raising nearly $30 million for real estate projects, iFunding is now crowdfunding its own equity crowdfunding site

By Robert Hoskins

New York City, New York – iFunding, the company that makes real estate investing simple through crowdfunding, announces it is raising a corporate financing round of up to $2 million. The round of financing uses the same types of crowdfunding techniques that iFunding applies to its day-to-day business in real estate investment. This is another sign of evolution in the crowdfunding sector and real estate financing.

iFunding.com Equity Crowdfunding for Real Estate

iFunding.com Equity Crowdfunding for Real Estate

iFunding will use the funds for expanded operations, technology enhancements, marketing and sales. It is performing this fundraising through a Crowdfunder crowdfunding campaign.  Crowdfunder has over 77,000 registered users and $56 million committed across investments to-date. This current financing round follows on earlier investments by select strategic partners, customers and colleagues into the company. A “Series A” venture round is planned for 2015.

iFunding is one of the longest-operating real estate crowdfunding sites, connecting thousands of registered investors with real estate developers and opportunities to finance their building projects. The company has raised tens of millions of dollars for projects ranging from new home construction or refurbishments, to commercial spaces, condominium communities, mobile home parks, apartments and mixed-use urban facilities. iFunding has been covered in publications including the Wall Street Journal, the New York Times, Forbes, Seeking Alpha, Real Estate Weekly, The Real Deal, Realty Today, Multi-Housing News and Urban Land magazine.

Accredited investors wishing to participate in iFunding’s fundraising can visit the Crowdfunder investment portal for more information. On the project web page, readers will find information including a strategy and investment presentation, and introductory video.

Founder and CEO of iFunding, William Skelley, noted “Our team is excited to have been working with thousands of investors and real estate developers in our first full year of operations. Now, we plan to expand our real estate operations, enhance our technology platform with more user-friendly features, and broaden our marketing and sales activities to reach more investors and developers. Our growth also creates a compelling case for investors to participate in this early success stage of our company.”

Co-Founder, Sohin Shah, added, “The crowdfunding approach to our own fundraising was an easy decision for us. It opens this opportunity to a broad audience, as people can own shares in iFunding for as little as $10,000.”

iFunding has chosen Crowdfunder to list its fundraising campaign. Entrepreneurs use the platform to tell the story of their business and raise investment from a community of institutional and individual accredited investors. iFunding selected Crowdfunder because of the volume of investor activity on the site, and the easy-to-use web application that supports investor research and interactive communications. iFunding’s goal is a $1 million raise, with a $2m maximum, on Crowdfunder.

iFunding also is partnering with Accredify for online verification of an individual’s accredited investor status. Instead of individuals having to manually verify status each time they invest in private placements, Accredify securely automates verification via tax records or collects letters stating one’s liquid assets. The platform also allows investors to share their accredited status easily across multiple investments they make, all the while keeping sensitive information confidential.

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First Mobile Crowdfunding App for Real Estate Equity Investment Deals Rolls Outs in New York

5 Aug

“iFunding – Real Estate Investment through Crowdfunding,” allows investors to perform every function in the real estate investment lifecycle that they currently can through a computer and web browser

By Robert Hoskins

New York, NY – iFunding announced the launch of the first-ever real estate crowdfunding mobile app for investors. The app, called iFunding’s website. It is available on the Apple Store for iOS devices and on Google Play for Android products. New mobile app allows investors to browse deals, make investments, monitor project progress and receive alert notifications, from iFunding’s real estate crowdfunding platform.

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Individual investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on our website.

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Individual investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on our website.

To encourage investors to try the app and real estate crowdfunding, iFunding is offering, through Labor Day, 2014, a $100 credit back to anyone who makes an investment during this period.

Key app features let users:

  • Browse live investment opportunities, including information about the property, the neighborhood, the project team, pro forma financial projections, legal documents and Q&A with the sponsors. Users can select specific investments or just browse real estate investment opportunities, at any convenient time and place.
  • Complete an investment transaction entirely from the mobile device, including document signature and initiation of funds transfer. Or, optionally, switch to their computer to complete a transaction.
  • Monitor progress on a project in which they are participating, reading about construction activity and financial expenditures, and viewing photos.
  • Receive notification alerts to be informed when there are new deals available or existing deals have reached key milestones.

“This is the first time that accredited investors will be able to manage their real estate crowdfunding investments via a mobile device. Since some types of iFunding deals tend to fund in a matter of hours or days, the app will be an invaluable way for investors to stay informed about what opportunities are available, and to initiate investment transactions with just a few taps,” said Sohin Shah, co-founder of iFunding and product strategist for the app. “A large percentage of our web visitors are already on mobile devices, and early feedback shows a lot of excitement about having a custom app for streamlined and full-featured mobile access.“

William Skelley, CEO of iFunding, added, “Our COO, Sohin Shah, and our internal development team deserve a lot of praise for designing the app to meet investor needs and add features that our leading users requested during feedback sessions. This is advanced use of technology for real estate investing in general, not just for crowdfunding. It reflects our vision for democratizing real estate investing through access and transparency.”

The iFunding app, for both mobile devices and tablets, also has social features allowing accredited investors to interact with other investors, project operators, and iFunding executives to pose questions and have the answers shared across the community.

Every iFunding user is assigned a secure log-in, all data traffic is encrypted, and no personal data is stored on the mobile device when the app is not in use. All financial information is further encrypted and stored at a secure, third-party financial services provider focused on this purpose.

The app is free to use and there is no cost to registering for an iFunding login. Financial regulations require that one be an accredited investor to register and view deals. The investment opportunities listed are from independent residential and commercial real estate developers & operators working with iFunding’s crowdfunding platform. Investors can review a wide range of supporting information to make decisions about investments that are right for their situation.

iFunding is a leading real estate crowdfunding platform, facilitating equity and debt fundraising for single family homes, multi-family residences, apartment towers, retail locations, office buildings and mixed-used buildings. iFunding provides opportunities for accredited investors to invest in institutional-quality real estate deals, with a minimum investment of just $5,000.

The company specializes in preferred equity investing and directly oversees each deal throughout its lifespan, providing extensive information and transparency to give investors insight and oversight into their investments.

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Real Estate Crowdfunding Panel Discussion to Be Hosted in New York on April 30th

25 Apr

Former New York Governor David Paterson to Open the  “Innovations in Real Estate: Crowdfunding Panel,” which will address residential vs. commercial deals, preferred equity vs. debt investments and other crowdfunding topics

By Robert Hoskins

New York, NYiFunding, one of America’s leading  real estate crowdfunding platforms, announced that it is participating in a Harvard alumni organizations panel discussion entitled “Innovations in Real Estate: Crowdfund Investing.”   The event will be held Harvard alumni organizations on Wednesday., April 30, 2014, at The Conference Center on 59th St. in Manhattan, NY.  Tickets are available to the public at http://www.hbscny.org/article.html?aid=992.

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Individual investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on our website.

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Individual investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on our website.

The discussion will address many of the emerging themes in real estate crowdfunding, including equity versus debt investing and residential versus commercial crowdfunding deals. Former New York Governor David Paterson will provide opening remarks about the state of real estate and the economy.

“Crowdfunding has changed the landscape for real estate investing,” said William Skelley, CEO of iFunding. “It enables investors to have the potential for institutional-quality returns through preferred equity investments, but with minimum investments as low as $5,000. An online platform like iFunding’s provides extensive investment research information, including financial projections, project plans, on-site images and video, and educational webinars. We’re honored to help share information about crowdfund opportunities for real estate operators and investors at this exciting Harvard event.”

Given crowdfunding’s broad applicability, three organizations have teamed up to present the panel: Harvard Business School Club of New York, the Harvard Real Estate Alumni Organization, and Harvard Business School Alumni Angels of Greater New York. The event is sponsored by commercial law firm Flaster/Greenberg. The panel moderator, Mark Roderick of Flaster/Greenberg, is a top legal expert on crowdfunding in the US.

The evening’s speakers include:

  • David Paterson, former Governor of New York and Director of Community at iFunding. In his role at iFunding, Gov. Paterson interacts with policy makers, community leaders and business leaders across the US, as well as with US and international investors interested in socially responsible real estate investment.
  • William Skelley, CEO of iFunding and veteran of the alternative investments space, formerly of Rose Park Advisors and Bain Capital.
  • Elvin Ames of Golden Eye Investments. Mr. Ames is a real estate developer who has completed 300 real estate transactions, including over 60 house refurbishments.
  • Jason Fritton, Co-founder and COO, Patch of Land, a pioneer in the real estate crowdfunding industry, focused on highly attractive debt investments.
  • Alex Twining, CEO of Twining Properties, a developer focused on urban use green projects at transit nodes of the US Northeast Corridor. The company has over 4 million square feet under development.

Innovations in Real Estate: Crowdfund Investing will be held at The Conference Center, 130 E. 59th St., between Park & Lexington, in Manhattan. Tickets are $15 for members of the Harvard Business School Club, HBS Angels and Harvard Real Estate Alumni Organizations; $15 for member guests, $35 for non-member alumni and $50 for other attendees. Close to one hundred are expected to attend the networking and educational sections of the evening.

Further, the panelists are arranging an informational dinner afterward with a number of active real estate operators and investors interested in crowdfunding. The selective seating will be offered on a first-come-first-served basis.

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iFunding.co Launches RealEstate Crowdfunding Platform to Help Accredited Investors overcome the Volatility of REIT Investments

14 Aug

Real Estate Crowdfunding Platform Allows Individuals To Invest in Quality Real Estate Deals in New York

By Robert Hoskins

iFunding.co launches commercial real estate crowdfunding platform based in New York City.  To date, investors have pledged over $8MM towards the first projects to be listed on the platform this month, making it the one the largest real estate platforms in the US.  iFunding is geared for accredited investors and provides more than just another kind of investment option for their clients. They boast a fully online platform for making direct investments in real estate, allowing clients to review projects, fund investments and track them via computer, smartphone or iPad.

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Individual investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on our website.

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Individual investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on our website.

The electronic investment system claims to make iFunding a paper-free company. That’s right – all forms are digital. Investors will enjoy the convenience of iFunding’s state of the art technology while maintaining the ability to access institutional quality real estate investment opportunities for as little as $1,000.

The platform is geared toward accredited investors in the $1-5m range who lack access to private equity funds and may be frustrated with the volatility of REIT’s. The company focuses on assets that provide long term, stable income streams for their clients.

While truly online investing is reason enough to celebrate, there’s even more to embrace. iFunding has a team of professionals who have over 50 years’ experience in this field. They have worked with some of the largest corporations, such as JP Morgan Chase, Goldman Sachs, Deutsche Bank, and have been involved in over $2 Billion of transactions in numerous different roles. Their expertise and dedication in investing translates into professionalism and knowledge that is second to none.

William Skelley, founder of iFunding, shared in a recent interview that the idea for the company came to him from while working at the hedge fund Rose Park Advisors, a fund run by Harvard Business School professor Clayton Christensen, that focuses on making investments in companies that fit the framework of disruptive innovation. Mr. Skelley realized that real estate finance was a prime target to be disrupted, harnessing technology to simplify the investment process and make it extremely efficient.

Mr. Skelley had this to say about his company, “Our goal at iFunding is to utilize technology to streamline the process for our real estate investors. We prepackage everything to present the investor with a turnkey investment opportunity – we have in-house counsel, accountants and additional intellectual capital at no cost to the client. We do the legwork so our clients don’t have to. iFunding offers them the efficiency they want with the expertise and results they deserve.”

iFunding is a real estate investment platform that uses technology to make private real estate investing simple. Accredited investors can select and make direct investments in pre-vetted institutional quality real estate assets directly on their website.

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