RealtyMogul.com is one of the leading online marketplaces for real estate investing and the company recently announced that it has successfully raised $200 million in funded equity and debt transactions through its platform. Additionally the company has also reached $40 million in distributions of principal and returns to its investors.
RealtyMogul.com was originally launched in 2013 and provide investors with opportunities to participate in commercial real estate transactions. Since its launch the site has attracted more than 80,000 members in 50 states who have invested in more than 350 properties.
RealtyMogul.com CEO Jilliene Helman said “Our goal has always been to democratize commercial real estate by enabling a new generation of investors to participate in real estate opportunities that were historically difficult to access. Reaching the $200 million mark at this stage shows we are continually following through on this goal and growing as a company.”
Hrach Simonian, General Partner at Canaan Partners and a RealtyMogul.com board member commented “Through its crowdfunding platform, RealtyMogul.com has unlocked a traditionally opaque and proprietary asset class to the investing masses.”
The platform allows investors to invest in real estate across the country, focusing on small balance commercial real estate opportunities in the $1 million-$5 million range. Recently the platform has facilitated a $2.2 million first mortgage loan on an industrial property in Alabama, as well as a $1.5 million preferred equity contribution to a multi-tenant office building in Illinois. Other transactions include a $1 million joint venture equity investment in a shopping centre in Florida and a $1.25 million mezzanine loan to a Californian office complex.
Rob Rueckert, RealtyMogul.com board member and Partner at Sorensen Capital said “RealtyMogul.com is poised to continue disrupting the real estate investment landscape, guided by its principle of ‘access through innovation.’”
Helman went on to say “The $40 million in return funds is as important in my mind as our total invested dollars, if not more. Creating value for investors is what we thrive on. At the end of the day, it’s all about them.”
RealtyMogul.com provides investors with the tools required to browse investments, carry out due diligence and invest online. Investors have access to an investor dashboard so they can watch how their investments are performing. It is an online marketplace that provides individual investors with real-time access to commercial real estate and allows professional real estate companies easier access to capital.