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Tag Archives: iFunding.com

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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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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