Below is an article by Forbes entitled “Equity Crowdfunding Site Embraces Real Estate”.
Equity Crowdfunding Site Embraces Real Estate
By: Devin Thorpe, Forbes
Dec 3, 2014
Equity crowdfunding site EquityNet has fully embraced real estate finance on the platform, while continuing to provide services to entrepreneurs across a range of industries.
Founder and CEO Judd Hollas explains the appeal of real estate, “Most real estate investments pay an ongoing yield that is backed by tangible assets. Real estate projects are hence typically perceived as lower risk investments with the combination of both near term yield and long term equity upside. After a 30 percent decline in recent years, the real estate market is also in a long term uptrend that is attracting a great amount of investor interest.”
“Crowdfunding lets investors leverage the power of the internet to quickly find deals and efficiently conduct their due diligence. Real estate is an industry that is embracing crowdfunding as an alternative to traditional funding options,” Hollas continued.
“Currently, only accredited investors can participate in business crowdfunding,” Hollas cautioned. “Title III of the JOBS Act will allow nearly anyone to participate in business crowdfunding; however, finalized rules are still pending. Once these rules are in place we can expect to see an influx of capital in the real estate market since the pool of potential investors will have grown exponentially from 10 million accredited investors to over 100 million accredited and non-accredited investors,” Hollas concluded.
On Thursday, December 3, 2014 at 11:00 AM Eastern, Hollas and Kenny Dewan, founder and CEO of MondayOne Properties, a firm that is raising money on EquityNet, will join me for a live discussion about the broad appeal of real estate related crowdfunding. This article was originally published in Forbes.