Sharestates Launches New Online User Portals to Fully Optimize Real Estate Investment Process

Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to Sharestates, the online portals provide lenders, borrowers, and third party vendors involved in the developmental stages to obtain and procure loans.

The platform stated its solution was designed by its development team alongside CEO and Co-Founder Allen Shayanfekr with UX and functionality in mind – now offering investors a streamlined “one-stop shop” in real estate financing. In launching the new online portals, Sharestates is reportedly incorporating engineering, audience development and content for a fresh and crisp user experience aimed at helping users simplify the money lending and borrowing process. The portals now include interfaces for borrowers, brokers, bank attorneys, settlement agents, and title companies. The investment portal noted it plans to add interfaces for inspection companies and appraisers over the coming months.

Speaking about the developments, Shayanfekr stated:

“As we continue to strive to be the nation’s leading private lender, Sharestates identified the lack of a true user experience throughout the real estate investing arena,” said . “The need for a fully functional website that has the tools and simplicity to allow for seamless business transactions is paramount in the real estate investment space.”

Sharestates’ new online portals will also provide investors with the ability to remove the tedious and timely human factor that is implicit with securing borrowed money and instead, live and breathe reactively within Sharestates. The portals now connect various systems and functions of a site, such as underwriting and processing, that are normally independent of each other and will create compatibility between them to ensure cohesiveness. Additionally, the online portals will host all activity, documents, and updates in one place, which can be updated, completed, and submitted accordingly. Further saving time and confusion while simplifying the process digitally. Shayanfekr added:

“While not web designers by trade, we realized that there was a true lack of functionality and simplicity throughout the real estate investing space, compared to many other industries. This was not in existence before and now it will bring our crowdfunding industry up to speed to ensure that our customers receive the highest quality product within a reasonable and fair time frame.”

Sharestates Receives Approval for the Arizona Banking Department Roster of Lenders, Has Financed $840 Million in Real Estate Loans to Date

Sharestates, an online real estate investment platform, has been added to the Arizona Banking Department roster of lenders. With this state level approval, Sharestates says it will now offer their loan products to the real estate speculation and development community in a new statewide effort.

Sharestates also reported it had originated over $840 million in real estate loans since platform launch in 2014. Currently, Sharestates is averaging monthy originations of $43 million. The real estate crowdfunding platform has funded more than 895 individual loans, providing an average return on investment of 10.42%.

Sharestates co-founder and CEO, Allen Shayanfekr thanked the Arizona Department of Banking for approving their application. He described the Arizona market as a unique opportunity for his company.

“Growth, more importantly sustained growth, is essential for the stability of Sharestates,” said Shayanfekr. “We are excited about providing borrowers in Arizona the premium services and products that have come to be expected from the Sharestates brand. We look forward to working in conjunction with the existing lenders and origination teams in Arizona to expand our footprint in this evolving movement known as real estate marketplace lending.”

While real estate marketplace lending continues to grow throughout the United States, Sharestates says it is the “preeminent resource for borrowers and institutional investors looking to optimize returns.” Sharestates’ launch into Arizona will focus on not only growing the company as a whole, but subsequently the entire industry.

 

Real Estate investment Platform Sharestates Launches One Click Closing Option

Sharestates, an online real estate investment marketplace, announced on Thursday the launch of its new One Click Closing tool, which is described as a feature that will allow return borrowers to visit a page where they can upload all the details and documents required for a new loan, allowing for a seamless transfer of closing date information without further communications.

According to Sharestates, the launch of this new tool coincides with the company’s overarching goal of providing borrowers with a streamlined funding process, while providing them the opportunity to solely focus on identifying viable real estate investment opportunities.

Sharestates also revealed that with the new One Click Closing, return borrowers now have access to a simple, efficient way to submit specific details and documents pertinent to a new loan and receive a closing date on that loan without further communication.

“This new tool eliminates the unnecessary time it takes to review and process lengthy paperwork that can hinder the efficiency of the loan acceptance process. This feature will also offer the opportunity for the same underwritten entity to manage all of the necessary documents and details of a potential new loan in a safe, secure space.”

While sharing more details about the One Click feature, Sharestates CEO, Allen Shayanfekr, stated:

“This tool is going to change the game for real estate investing. We all know the phrase ‘time is money’ – well in this case, we are saving our borrowers both. Our team has done an exceptional job of helping our borrower base acclimate to an online solution to what was once an antiquated lending process. This new feature is a huge step for our industry and is sure to become a staple in the lending process for future platforms. We are excited about 2018 and have more features in development to help deliver on our missions statement.”

Sharestates added its new interface provides a user-friendly and client-focused tool, making investing in real estate loans hassle-free.

Sharestates Appoints New Chief Operating Officer, Adds SOC 2 Type 2 Certification

Sharestates, an online real estate crowdfunding marketplace, has announced that Nicole Joseph has joined the executive team as the new Chief Operating Officer. Joseph will partner with the company’s CEO, Allen Shayanfekr, to run operations and compliance while broadening infrastructure to support the firm’s continuous growth.

The new hire is accompanied by the completion of the company’s SOC 2 Type 2 Certification, which affirms that Sharestates now meets the security requirements and parameters for storing information on the cloud as laid out by The American Institute of CPAs (AICPA). As part of her responsibilities, Joseph will ensure the company continues to operate within these policies guaranteeing customers the highest level of data security.

Joseph experience is in operations, administration, project management and technology. With over 18 years of experience in both small and large firms across various industries, she is described as having driven successful global and regional initiatives, while also spearheading the design of corporate governance and compliance programs. Joseph holds an Executive Master of Science from Columbia University, Executive Education from Harvard Business School and a Bachelor of Arts from Hofstra University.

“I am joining Sharestates for the opportunity to be a part of an innovative and experienced organization that is driving industry change,” commented Joseph. “I am impressed by what the senior management team has accomplished, and I’m excited about their vision for the future. My intention is to support the company’s strategic goals by helping them build a world class organization.”

Sharestates CEO Allen Shayanfekr said Joseph’s appointment was indicative of his company raising the standards of operations and security within the crowdfunding industry.

“Our new appointment and certification further demonstrates our commitment to the ongoing success of our company, as well as the security of our clients’ sensitive data,” added Shayanfekr.

 

 

Sharestates Reports $500 Million in Originations. Adds Auto Invest Tool for Real Estate Investors

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%.

Sharestates Launches White Label Lending Solution for Real Estate Private Lenders: Shareline Solution

Sharestates, an online real estate investment marketplace, has announced the launch of a new financing capability; Shareline Solution. The new service is a hybrid between lending and brokering a loan. Private lenders will have access to Sharestates lending capabilities to directly serve their clients all under their own brand. The new lending service is described as a white label, correspondent lending program that empowers private lenders to quickly launch a robust real estate crowdfunding and lending marketplace. Sharestates works with both individual and institutional investors.

With this solution, Sharestates explains it will tap into more geographical regions by working directly with local, private lenders through strategic partnerships. Lenders using Shareline Solution will be able to offer financing through the Sharestates platform, while still controlling the process of the loan qualification.

“As the company expands its geographical footprint, it saw great demand for this kind of product. We took the process, referred to in traditional banking as correspondent lending, and gave it our own unique touch,” stated Sharestates CEO Allen Shayanfekr. “Since private lenders are not in the business of brokering loans, we created a financial product that meets their needs and goals, and contributes to our long-term goal of being a trusted source of lending across the country.”

The Shareline Solution allows private lenders the ability to utilize Sharestates warehouse lines and lending capabilities to directly service their clients under their own brand, while Sharestates holds the underlying paper and servicing rights.

Sharestates is one of the largest real estate crowdfunding platforms in the US today. The platform has helped to finance over $450 million with 90% of this capital in senior debt. In 2016, Sharestates annual returns averaged 10.47%.  The company’s website states that crowdfunded loan approvals may be completed in less than 48 hours with funding in as little as four days.

 

Rule 506, Reg D: Two Ways to Conform with SEC Exemption Law


According to the Securities Act of 1933, any company that sells securities must either register with the Securities and Exchange Commission (SEC) or file for an exemption. The JOBS Act 2012 provides a way for companies to use crowdfunding as a means of selling securities, but companies using this method must still comply with existing law. Regulation D of the Securities Act exempts certain companies from registering with the SEC, however, it does require them to file a Form D, which lists the officers and other details of the company selling the securities.

Rule 506 of Regulation D (Reg D) paves a way for companies to raise unlimited amounts of money from the sell of securities. The two components of Rule 506 are 506(b) and 506(c). Here’s what each component of this rule allow companies to do.

Rule 506(b) Imposes the Following Standards on Companies Selling Securities

In order to comply with the exemption rules listed in Section 4(a)2 of the Securities Act of 1933, companies using 506(b), Reg D 

  • cannot advertise or use general solicitation methods to market securities;
  • may sell to an unlimited number of accredited investors and up to 35 other investors;
  • cannot violate anti-fraud prohibitions;
  • must provide non-accredited and accredited investors with the same information;
  • and a company representative must be available to answer questions to prospective buyers.

Standards Imposed by Rule 506(c) 

There is a slight difference between Rule 506(c) of Reg D and Rule 506(b). Companies selling securities can advertise and use general solicitation methods to find prospective buyers, however, the company can sell securities only to accredited investors. The company must also take reasonable measures to verify that investors are indeed accredited investors.

Crowdfunding platforms that operate under Rule 506(c) typically ask investors to register as either an accredited investor or a non-accredited investor. Before allowing investors to make their first investment, platforms generally ask to review tax documents, W-2s, statements from financial institutions, credit reports, and other documents to prove that investors using the platforms are accredited investors. Penalties for not complying with Rule 506 can be stiff.

Where to Find a Copy of a Company’s Form D

Securities sold under both Rule(b) and Rule(c) are considered restricted securities. While these securities do not have to be registered with the SEC, the companies issuing them must file a Form D with the SEC. This form includes the following information on the company:

  • Names and addresses of company promoters;
  • Names and addresses of executive officers and directors;
  • And details about the securities being offered.

When a company files a Form D with the SEC, it becomes public information. You should search for and find Form D for any crowdfunding platform you wish to use to make investments, whether you intend to invest in real estate or other securities. All Form D documents can be found in the EDGAR database, which is operated by the SEC.

What Else You Need to Know About Securities Crowdfunding

All companies that sell securities, whether through crowdfunding or otherwise, must conform with federal law regarding the selling, advertising, and solicitation of said securities. Not only that, but companies must comply with individual state laws in each state where they operate. Be sure to check with the securities regulator in your state and learn what they know about a company before you decide to purchase securities from them.

Crowdfunding is a newer asset class but is still subject to the same securities laws as other securities. Both equity-based and debt-based crowdfunding allow companies to raise capital for growth and expansion, or for particular projects. To protect yourself from bad actors, learn as much as you can about crowdfunding before you invest in or with any company.


Allen Shayanfekr, Esq. is the CEO and Co-Founder of Sharestates.Allen is currently admitted to practice law in NY and CT. His legal expertise in securities law is paramount to Sharestates’ ability to promote and produce public and private offerings in a highly regulated space. Allen interacts regularly with the Securities and Exchange Commission, in addition to spearheading daily operations at Sharestates. Prior to launching Sharestates, Allen joined Atlantis National Services as their National Title Producer and Account Executive, holding approximately 28 Producer’s licenses across the Country. Allen’s other credentials include acting as an editor of the Municipal Lawyer (a quarterly journal published by the New York State Bar association). Allen received his J.D. Magna Cum Laude from Touro Law Center where he graduated in the top 6% of his class and his B.A. in Political Science from New York University.

Sharestates Receives Emerging Real Estate Platform Nomination For the LendIt Conference Industry Awards

Real estate crowdfunding platform Sharestates announced on Thursday it received a nomination for LendIt Conference Industry Awards’ emerging real estate platform award. The winner will be announced on March 7th at the Edison Ballroom in New York City.

Speaking about the nomination, Allen Shayanfekr, co-founder and CEO of Sharestates, stated:

“We would like to thank the committee for acknowledging us as a candidate for this prestigious award. Our ability to deliver on our mission is a product of the comradery displayed by our peers working together to introduce crowdfunding’s ability to participate in the global financial marketplace, more specifically in real estate. This level of recognition validates the hard work that we are putting into growing our brand in this exciting new space. We are confident in our ability to provide investors with solid risk-adjusted returns while giving borrowers financing with precision, speed and ideal pricing.”

Peter Renton, Chairman and co-founder of the LendIt Conference, also commented:

“The first annual LendIt Awards is a community celebration designed to recognize and bring awareness to the exceptional companies in our industry. Recognizing young platforms like Sharestates, that have stepped into the fintech space and made a big impact so early on, is part of the LendIt mission. We wish Sharestates and all the nominees the best of luck.”

The LendIt Conference will host 2,400 companies, 100 media partners and 5,000 attendees representing more than 40 countries next month. As of December 31, 2016, Sharestates has reportedly funded over $275 million in loan volume while returning more than $151 million to investors.

Sharestates Tops $275 Million in Real Estate Investment

New York City Real Estate

Sharestates, a real estate crowdfunding platform, has hit $275 million in loans since platform launch in 2015.  The milestone makes Sharestates one of the largest online real estate investment platforms of its kind.  Sharestates said the December 2016 was the most active month in the platform’s history originating more than $42 million in loans. Sharestates said that loan volume has nearly doubled in just three months.

allen-shayanfekr-and-raymond-y-davoodi-sharestatesIn late 2016, Sharestates announced a capital commitment for the purchasing of loans in the amount of $1.3 billion. The commitment has been an important variable to the site’s success. But Sharestates also points to their underwriting skills.

“A key to our growth has been our ability to identify safe and profitable investments that will generate higher yields than the industry average,” said Allen Shayanfekr, co-founder and CEO of Sharestates. “As the crowdfunding industry expands, we are confident in our model’s ability to maintain outstanding results for investors and generate competitive returns.”

Asked about deal flow and potential challenges during the coming year, Shayanfekr told Crowdfund Insider;

“The biggest challenge is going to be balancing our growth as a company with the increasing demand on both the investor and borrower side. As we continue to grow we are going to invest in people, processes and more technology, all of which are essential to sustain the growing operations and loan volume. Our deal flow continues to grow strongly; it has always been the core of our business. In Q4/16 alone we closed $95 million, and December was our best month in our history at $42 million.”

Asked about expectations for platform operations in the coming year Shayanfekr was very bullish;

“We expect to originate at least $750 million over the course of 2017, bringing our cumulative originations to over $1 billion,” said Shayanfekr. “We’ve been focused on sustained growth, and our efforts are paying off. We have the investor demand, and our origination programs are delivering solid borrowers, projects and returns. 

Sharestates recently launched a Series A equity crowdfunding round through SeedInvest. The round will remain open until the end of January 2017.

As of December 30, 2016, Sharestates reported having returned more than $151 million to its investors with no loss of principal and yielded a net average annual return of 11% to investors.

Sharestates is Raising Series A Funding on SeedInvest

allen-shayanfekr-and-raymond-y-davoodi-sharestatesReal estate crowdfunding platform Sharestates is poised to raise capital on SeedInvest. The offer is not yet live, but the listing points to indicated interest of $1.6 million for a Series A funding round of $3 million in preferred equity.

Sharestates’ mission is described as providing large volume of quality real estate investment opportunities to accredited and institutional investors. On the other side of the equation, Sharestates provides fast access to capital for borrowers.  Investors may participate with a minimum investment of $1000 per loan. Sharestates investors averaged a 10.4% net return in 2015 and zero loss of principal.

Originations to date are pegged at $178 million making it one of the larger platforms in the US.  Originations year to date (as of Q3) grew 38% versus year prior to $73 million. Net revenues on $82 million stood at $1.6 million. In March, Sharestates reported that it had returned $16 million to investors for more than 28 loans paid in full.

Sharestates will not be the first real estate crowdfunding platform to raise money on SeedInvest. PatchofLand followed a similar route back in 2014.

Sharestates’ Latest Milestone: Hits $1.3 Billion in Funding Capacity

Real estate crowdfunding platform, Sharestates, announced on Tuesday it has successfully raised $1.3 billion in committed capital for the purchase of loans. Launched in February 2015, the funding website has originated more than $150 million in loans for over 200 projects, with an average loan size being $728,000.

Allen ShayanfekrTo date, the company has reportedly returned more than $50 million to investors with an average return rate of 11.36% for 2016. There was also zero loss of principal, and its current trajectory is $25-$30 million month to month origination volume. Allen Shayanfekr, Sharestates’ co-founder and CEO, stated:

“The process to onboard these funds was extremely difficult – requiring multiple site visits, third party reports, and vetting of our entire operational process from application to post closing practices. Our team received great scores on each of the various aspects of the audits, enabling us to continue to grow our platform and brand.”

This news comes just several months after Sharestates received $300 million in loan purchase commitments, which was driven by collaborations with Prime Meridian Capital Management and Colony American Finance. Shayanfekr previously noted:

“Institutions, like Colony American Finance and Prime Meridian – as well as accredited individual investors – are looking for partners in this space that have large pools of qualified borrowers to select from and track records that reflect superior underwriting. These loan purchases will enable us to offer frequent opportunities for investors to diversify, while also giving individuals the increased confidence that comes with investing in the same deals as accomplished institutional firms.”

Sharestates BoothRyan McBride, COO of Colony American Finance, commented:

“We are thrilled to expand our presence in the marketplace lending space by partnering with a market leader like Sharestates, which has demonstrated expertise in both deal-sourcing and underwriting.”

Prime Meridian managing director, Peter Lowden added:

“There are only a handful of platforms in the real estate marketplace lending space that have shown the ability to source and identify some of the strongest borrowers and best projects, which is the key to consistent results. Sharestates’ track record for delivering value-added returns makes it an attractive platform for purchasing loans.”

Sharestates Hits New Milestone: Surpasses $300M For Real Estate Loan Purchases

Sharestates announced on Monday that it has surpassed $300 million in total funds set aside for the purchase of loans. The investment portal that allows investors to participate in  pre-vetted real estate projects.

SharestatesThe company stated that its recent growth was fueled by its partnerships with Colony American Finance and Prime Meridian Capital Management. These two collaborations reportedly come on the heels of a similar partnership Sharestates forged with Ranger Direct Lending and an additional partnership with a large East Coast private equity firm in February.

Sharestates has reportedly returned more than $16 million to its investors, with 28 loans paid in full and zero loss of principal. To evaluate each loan and borrower, the platform undertakes a 34-point underwriting process that includes a complete analysis of the project’s financial profile, the borrower’s track record, and the property’s fundamentals. All of its loans are secured by the property and the personal guarantee of the borrower.

 

Allen Shayanfekr, Sharestates’ founder and CEO, stated:

Allen Shayanfekr“Institutions, like Colony American Finance and Prime Meridian – as well as accredited individual investors – are looking for partners in this space that have large pools of qualified borrowers to select from and track records that reflect superior underwriting. These loan purchases will enable us to offer frequent opportunities for investors to diversify, while also giving individuals the increased confidence that comes with investing in the same deals as accomplished institutional firms.”

Ryan McBride, COO of Colony American Finance, commented:

“We are thrilled to expand our presence in the marketplace lending space by partnering with a market leader like Sharestates, which has demonstrated expertise in both deal-sourcing and underwriting.”

Sharestates BoothPrime Meridian Managing Director Peter Lowden added:

“There are only a handful of platforms in the real estate marketplace lending space that have shown the ability to source and identify some of the strongest borrowers and best projects, which is the key to consistent results. Sharestates’ track record for delivering value-added returns makes it an attractive platform for purchasing loans.”

Real Estate Crowdfunding Platform Sharestates Hits $100 Million Mark

Sharestates Booth

Real estate crowdfunding platform, Sharestates, announced it has passed the $100 million in raised capital mark.

SharestatesAs previously reported, Sharestates is a investment platform that allows investors to participate in  pre-vetted real estate projects. Sharestates sources and qualifies potential opportunities and offers securities to accredited investors through site.

Sharestates has reportedly returned more than $16 million to its investors, with 28 loans paid in full and zero loss of principal. To evaluate each loan and borrower, the platform undertakes a 34-point underwriting process that includes a complete analysis of the project’s financial profile, the borrower’s track record, and the property’s fundamentals. All of its loans are secured by the property and the personal guarantee of the borrower.

Allen Shayanfekr, Sharestates’ co-founder and CEO, commented:

“Our most significant statistic is that we have zero loss of principal, thanks to our underwriting experience and selectivity. But this milestone would not be possible if not for the persistence and dedication of our industry peers as well. As crowdfunding finds its place as a global investment vehicle for the general public, we are all working towards the same goal; I’m honored to be a part of this monumental financial movement.”

He then noted:

Allen Shayanfekr and Darren MacDonald“Individuals looking to benefit from the types of returns offered by real estate should be able to decide exactly what properties they want to finance with their capital,” Shayanfekr said. “By combining individual investors, institutional capital and intense due diligence, a crowdfunding platform like Sharestates delivers tangible benefits to accredited investors, institutions and borrowers, who are all looking to maximize returns. When accredited investors place their capital in loans through Sharestates, they have confidence that comes from knowing they’re investing alongside multiple institutional investors – at the same terms.”

 

All of Sharestates’ loans are secured by the property and the personal guarantee of the borrower.

 

 

East Coast Private Equity Firm Taps Sharestates For $60M In Purchase of Loans

Real estate crowdfunding platform, Sharestates, announced on Wednesday that an east coast private equity firm has selected the portal for the purchase of loans with a 2016 target of $60 million.

SharestatesAccording to Sharestates, this new partnership reinforces institutional recognition of its underwriting excellence, while enabling the company to continue originating loans at a steady clip as it continues to build a dynamic marketplace for individual accredited investors and institutional capital. The loans will be purchased on a forward flow basis.

Allen Shayanfekr, Sharestates’ founder and CEO, stated:

“This relationship is confirmation that Sharestates’ ‘gold standard’ underwriting program, which has set us apart in terms of loan performance, puts us at a unique advantage in drawing capital to our platform. The ability to attract institutional capital enables us to provide more investment options and flexibility to our individual investors, who will remain critically important in our mission to bring real estate investing to a broader group.”

With an average net annual yield of 10.4%, Sharestates has reportedly returned more than $16 million to its investors, with 28 loans paid in full and zero loss of principal. To evaluate each loan and borrower, Sharestates undertakes a 34-point underwriting process that includes a complete analysis of the project’s financial profile, the borrower’s track record, and the property’s fundamentals. All of Sharestates’ loans are secured by the property and the personal guarantee of the borrower.

Allen Shayanfekr and Darren MacDonaldShayanfekr commented that the private equity firm chose to target loans on Sharestates’ platform because it sees unique value in the management team’s deep real estate experience, its ability to cultivate a large pipeline of deals and its track record in rewarding lenders. The institutional purchase of their short-term notes allows investors to move their capital into new investments on a regular basis without having to wait for the entire loan term to conclude. Through diversification and redeployment of capital, individual investors can manage their risks effectively.

Shayanfekr added:

“Not only does a large volume of loan purchases provide us with ability to offer greater opportunity across the board for both individual and institutional investors, but it also allows us to supplement our already rigorous underwriting with third-party evaluation that comes with institutional partnership. By investing side-by-side with institutional investors, individuals know they are participating in the very best deals.”  

Sharestates Receives $30 Million Capital Boost from Ranger

Sharestates Booth

Sharestates, a real estate crowdfunding platform, has received a $30 million commitment for fraction and whole loan deals from Ranger Direct Lending Fund, a Ranger Capital affiliate.  Ranger Direct Lending Fund trades on the LSE and recently completed a $200 million public offering specifically for investing in direct lending platforms.  The two partners have agreed to focus debt offerings in the state of New York for investments in residential, commercial and mixed use properties. Ranger affiliated investment advisers manage over $3 billion in assets.Allen Shayanfekr

“On behalf of all of the team members at Sharestates, I want to express our excitement and appreciation over Ranger’s investment. The opportunity allows Sharestates to further enhance and diversify its product offerings while continuing to expand its relationships within the real estate community. It is truly a transformational deal for Sharestates, and a relationship we trust will only grow over time,” Allen Shayanfekr, CEO at Sharestates.

Ranger Partner Bill Kassul lauded the young real estate funding platform;

“In our view, Sharestates is one of the most promising real estate platforms in the direct lending industry. Their on-boarding process was completely transparent and their management team was very easy to work with. We are excited to have them as a partner moving forward,” said Kassul.

Sharestates is an online investment platform that allows investors to participate in  pre-vetted real estate projects. Sharestates sources and qualifies potential opportunities and offers securities to accredited investors through site. Based in Great Neck, New York, Sharestates was founded by Allen Shayanfekr, Radni Davoodi, Raymond Y. Davoodi along with team members, Alex Egan, Wayne Geffen, Michael Ramin and Kevin Shane.