The Problem With Real Estate Crowdfunding: It's a House of Cards
Crowdfunding was supposed to democratize real-estate investing. The bankruptcy of Michael Burry-backed PeerStreet reveals flaws in the business model.
Source: businessinsider.com
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Cloverhill Acquires Patch of Land and Invests Significant Growth Capital
Cloverhill Acquires Patch of Land and Invests Significant Growth Capital News provided by Share this article Share this article SHERMAN OAKS, Calif., July 29, 2021 /PRNewswire/ -- Patch Funding LLC ("Patch Funding" or the "Company"), formerly known as Patch of Land, the pre-eminent residential business purpose real estate lender, announced today a strategic asset-backed capital raise and an infusion of growth capital allowing the Company to expand its business and origination capabilities significantly. Cloverhill Funding LLC ("Cloverhill") acquired the assets of Patch of Land and invested s...
Source: prnewswire.com
Financing deals announced at LendIt – Bankless Times
Financing deals announced at LendIt Several platforms used this week’s LendIt conference in New York City to announce significant financing agreements. Online platform LendKey struck a deal with MidCap Financial where MidCap agreed to purchase up to $1 billion in student consolidation loans originating on LendKey. MidCap’s parent company Apollo Global Management may purchase additional loans via investment funds under its control. Several platforms made significant funding announcements immediately before and during LendIt “This transaction is a transformational event for the online le...
Source: banklesstimes.com