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Tag Archives: Oregon

Formula One, NASCAR and NHRA Get the Green Flag to Join the Crowdfunding Race and Fund All Types of Racing-Related and Team Projects 

12 Aug

First Gear Project’s new auto racing crowdfunding site has built a community that encourages new innovations and fosters projects that can now be supported directly by  the public, friends, family, and sponsors

By Robert Hoskins

Portland, Oregon – In motorsports, funding is often the critical bridge between opportunity and execution. First Gear Project, a crowdfunding platform dedicated to the automotive & motorsports industries, will help build that bridge by establishing a platform to connect opportunity and funding.

First Gear Project Crowdfunding Sites for NASCAR, Formula One and NHRA Projects

First Gear Project Crowdfunding Sites for NASCAR, Formula One, NHRA and Other MotorSports Racing Projects

The motor sports crowdfunding site, which recently expanded from a successful beta phase to being open to the public, has been built to facilitate programs across the spectrum of the industry, from karting to drag racing, from the development of new aftermarket products to the creation of inspiring documentaries. First Gear Project will build a community, encourage new innovations and foster projects as the open marketplace of motorsports ideas meets with the support of the public, friends, family, and sponsors to turn dreams into realties.

With a financial base built on upon the 20 year success of Vital Enterprises, an Oregon technology firm with revenues approaching $40 million, First Gear Project has been spearheaded by racing driver Guy Cosmo and his wife Louisa.

“The opportunity to partner Vital Enterprises’ vast array of engineering capabilities with Guy Cosmo’s racing and Motorsport industry experience was a great opportunity,” said Ryan Hoppes, President, Vital Enterprises.  “Being able to bring a new method of financing to influence further creativity, ability to self advocate, as well as provide personal connections between fan and driver within the Motorsport’s realm will be exciting to witness.  We are thrilled to be a part of this shift.”

First Gear Project will give participants the opportunity to influence the future by making tangible contributions to a favorite driver or team, or convert a compelling new concept into a publicly available product with a built-in brand awareness and support system.

“This is a project of a lifetime for me, because being in the sport for so many years I’ve seen first hand how critical funding is,” said Cosmo. “We have designed First Gear Project to not only be an opportunity for someone to transform their vision into a marketable reality but it is also a chance for backers to witness the impact of their support. It’s a place for our whole community to actually participate by building programs or supporting them. We are trying to change the industry, and we and our investors believe that this is the best way to do exactly that.”

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Investors Offered $82 Million New Jersey Commercial Real Estate Property via Equity Crowdfunding Site 

11 Aug

The target annual cash yield to investors is 10.5 percent and backed by value of  $92/sq. ft., which is covered by the current property value of $119/sq. ft.

By Robert Hoskins

Portland, OregonCrowdStreet listed a mezzanine financing for 30 Knightsbridge Road, a four-building class B+ office complex in Piscataway, N.J., sponsored by EverWest Real Estate Partners, a privately held Denver-based real estate investment and operating company. By listing on CrowdStreet, a crowdfunding marketplace connecting accredited investors with institutional-grade real estate investments, EverWest is targeting a raise of $1.7 million as part of its $6 million mezzanine financing.

CrowdStreet Real Estate Equity Crowdfunding Platform in Indianapolis, Indiana

CrowdStreet Real Estate Equity Crowdfunding Platform in Indianapolis, Indiana

The target annual cash yield to investors is 10.5 percent. The investment opportunity in 30 Knightsbridge offers attractive risk-adjusted returns, as the total debt position through the mezzanine loan of $92 per square foot is well covered by the current property value of $119 per square foot.

“CrowdStreet is excited to work with EverWest and provide access for investors to participate in the 30 Knightsbridge mezzanine loan,” said Tore Steen, CrowdStreet’s CEO. “With the property’s strong tenant base, proximity to major transportation routes and New York City, as well as advanced infrastructure and amenities, we believe that 30 Knightsbridge is a great example of the institutional-grade deals we are listing on the CrowdStreet marketplace.”

30 Knightsbridge, which is valued at $82 million, is comprised of 686,316 square feet of commercial office space. Currently 91 percent of the four-building property is leased to nine tenants, including AT&T Corp., QualCare Inc., AECOM Technology Corp., Cablevision and Paychex North America Inc. Keystone Property Group acquired the property in June 2014 as part of $230 million purchase of a 2.3 million square foot, 12 building office portfolio owned by Mack-Cali Realty Corporation.

“We chose to post 30 Knightsbridge on the CrowdStreet platform because they focus on and understand institutional-grade commercial real estate,” said Thomas Ling, director at EverWest Real Estate Partners. “The CrowdStreet business model provides a modern approach to online capital formation that complements our traditional fundraising process. The senior management team at EverWest has collectively invested over $30 billion across the United States and we are confident that 30 Knightsbridge presents an attractive opportunity for investors.”

CrowdStreet recently closed a large fundraising effort on behalf of Mainstreet, the nation’s largest and most innovative developer of short-stay rehabilitation and long-term care properties, in May, raising $1.6 million in just four weeks, one of the largest raises for a real estate crowdfunding transaction.

CrowdStreet provides accredited investors with unique access to commercial real estate investment opportunities through an intuitively designed portal that makes it easy to find opportunities, manage offers, track investment performance and build a commercial real estate portfolio — all at no cost to the investor. The CrowdStreet marketplace allows investors to search and select pre-screened commercial real estate opportunities by product type, geographic region or risk allocation.

CrowdStreet provides a crowdfunding marketplace that connects accredited investors with institutional-grade real estate investments. With its cloud-based fundraising and investor relationship management platform, CrowdStreet offers real estate operators, funds and private equity companies an online vehicle to raise capital and manage relationships with new and existing investors more efficiently and cost effectively. Based in Portland, Ore., CrowdStreet was founded in 2013 by a team with deep experience in commercial real estate, finance, consumer Internet and software development.

EverWest Real Estate Partners, LLC is a Denver, Colorado-based leading private real estate investment manager and operator who invests in core, value add, and opportunistic investments in office, industrial, multi-family, retail, and mezzanine debt investments. EverWest serves a variety of clients that include major institutional investment managers, pension plans, foundations, endowments, and high net worth individuals. EverWest provides a full-service investment management operating platform through its six regional offices with established acquisition, asset-takeover, asset management, property management, financing, operations, risk management, advisory, and reporting capabilities to its clients.

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How to Make Money and Create Jobs by Teaching Crowdfunding Training Classes in Your City, State or Country

17 Jul

Did you know that 50% of the 48 contiguous United States don’t have one single crowdfunding training class? That means anyone with a marketing degree can make $49 to $399 per student teaching people how to launch crowdfunding campaigns

By Robert Hoskins

Austin, Texas – One thing that amazes me about the crowdfunding industry is the lack of training programs or community outreach programs that are available on a nationwide basis.  There are plenty of crowdfunding professionals that offer training programs, boot camps and workshops in major metropolitan areas, but what about cities with a population of less than 500,000 people?

How to Launch a Crowdfunding Training Program in Your City or State

Teach a Crowdfunding Training Class in Your City or State to Help Small Businesses to Create New Jobs

In most cases, cities with a population of 100,000 or more people usually have a Chamber of Commerce, Economic Development Council, SBA, SBDC,  and/or SCORE  offices that are setup specifically to help entrepreneurs and startups write business plans and find venture capital.

What surprises me the most about these organizations is that they don’t offer one single local crowdfunding training class on how to use crowdfunding  campaigns to raise money to get small businesses off the ground. Why is that?

There so many smart people out there that already teach business planning, business development, finance, marketing, etc.  Why not include a crowdfunding training class to teach entrepreneurs how to take advantage of the growing $10 billion crowdfunding industry?

Crowdfunding training classes, boot camps and workshops are charging anywhere from $49 for online classes to $399 for onsite conference training programs? Why not roll out these revenue generating programs to rural  America? Anyone familiar with the co-op business model should be able to quickly understand the concept of working with a whole community to share the cost of launching new businesses together.

 Anyone with a marketing background or public speaking experience should be able to read through the standard crowdfunding educational training program and with a little practice could teach millions of Americans how to launch successful crowdfunding campaigns to raise money to start new businesses.

To get a sense of the void of crowdfunding training classes available throughout the United States, please click on the state links below to see how many states have only one or zero crowdfunding training programs:

United States Crowdfunding Training Programs:

 

American Territories:

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