Sharestates, an online real estate investment marketplace, has topped a major milestone: $500 million in loan originations for real estate investment. Sharestates predicts it will surpass $1 billion in real estate loans before the end of 2017. The announcement was joined by the release of a new feature for investors, the Auto-Invest tool.
The new functionality is designed to maximize an investor’s chances of investing in the platform’s real estate loans. The new feature will allow investors to choose from multiple strategies, including a custom investment strategy that includes 12 underwriting filters to choose from. Sharestates said the tool will help eliminate “cash drag,” as auto investing can be triggered before a loan sells out. This will allow investors the ability to increase the frequency at which their funds are re-deployed into their qualifying Sharestates’ loans for investing.
“The Auto-Invest feature will help increase efficiencies for investors as they grow their real estate portfolios,” said Sharestates CEO Allen Shayanfekr. “This new feature will alleviate the fear of missing out on real estate loans, while expediting the investment process and eliminating the constant scrolling and searching for the perfect property. We credit our $500 million milestone to constantly integrating new tools that make investing with us secure and easy, granting peace of mind to our user base in allocating more funds to our platform.”
Sharestates says it continues to outperform the online real estate lending industry since inception in 2014. Monthly loan totals are currently exceeding $60 million. Sharestates says it has funded more than 520 individual loans, providing an average return on investment of 10.62%.