According to an article in Crowdfund Insider.com, Airbnb is now featuring RealtyShares as a financing resource.
RealtyShares, which is an online marketplace for commercial real estate investing, can be found in Airbnb’s Multifamily Properties Toolkit. This is a website that provides resources for operators, owners, and developers of multifamily buildings, allowing them to support long-term tenants wishing to share space with travelers.
Apparently, landlords can now manage their Airbnb activity in their buildings and can share in the additional rental income through a scheme called the Airbnb Friendly Buildings Program. As a result of this program, owners of multifamily properties have become more interested in helping their tenants to improve and share space on Airbnb. RealtyShares is a company that helps to finance these unique opportunities, and which include multifamily development projects offering long-term rental units which can be shared with travelers. It’s a sector that isn’t usually financed by traditional capital providers. Financing is raised by the real estate platform using capital from accredited investors through its platform and through using a mix of institutional funds.
The article points out that one of the biggest strengths of the RealtyShares is its non-traditional outlook and especially as landlords are becoming more interested in offering home sharing to their tenants. RealtyShares sees this as an opportunity to help create increased value for the multifamily housing sector through financing properties adopting this model.
Last year, RealtyShares took part in financing more than 80 multifamily properties in the United States. Each property was subjected to rigorous due diligence by the company’s experienced team, ensuring it was up to the required standard. RealtyShares has invested more than $700 million in over 1,000 projects located in thirty-nine states. The company is renowned for its creative and complicated financing options which form a core part of the platform’s business.