On Tuesday, RealtyShares unveiled interesting data on crowdfunding projects that originate from the state of Florida. The website reports that it has leveraged its network of 20,000 investors to help fund more than 200 properties in Florida for $28.1 million.
Mark Masterson, director of investments for RealtyShares, stated:
“Just like the cities in Florida have unique characteristics, our borrowers bring a unique set of skills and backgrounds to each funding request. With more than 1,200 sponsor applications flooding in each month, a refined vetting process is crucial to what we do, ensuring that we’re working with the best in the state.”
Masterson went on to note:
“Florida as a whole is attractive from the standpoint of an investor. The combination of a great economy and lack of inventory at lower price points make Orlando an excellent market for the type of residential projects we look for. The Orlando deals we’ve put on the platform are ideal for driving investor activity.”
The data also revealed that Jacksonville has achieved substantial investor interest, generating $14.5 million, mostly through a series of multi-property funds, while the Tampa area netted $8.5 million from the crowdfunding community as well. Masterson then added:
“In Tampa, the combination of discounted properties and the low interest rate environment make it an attractive market for retail home buyers and our investors. South Florida has long been a target city for us as well. It is the gateway city to Central and South America, so real estate projects here tend to generate a lot of international interest. We have been able to give accredited U.S. investors the opportunity to participate or gain exposure in this robust market. Finally, Jacksonville has presented us with some very strong investment opportunities. We had the opportunity to work with some incredible partners and participate in the acquisition and repositioning of a sizeable amount of distressed residential inventory. We’re very optimistic about the Jacksonville market and continue to look for single family and commercial investment opportunities for our investors.”
See the infographic below.
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