This project is a fantastic example of the high level of opportunity that currently exists in the real estate market.
Los Angeles, CA (PRWEB) October 10, 2013
Patch of Land, a national real estate crowdfunding platform, released its first live investment project today in New Jersey. The startup allows individuals to purchase shares of high end real estate investments for as little as $1,000 by pooling money with other funders. Patch of Land is one of the first national companies to apply crowdfunding to the world of real estate investment.
The debut project is a single family home on the outskirts of Manhattan that is being acquired at a large discount through a bank approved short sale. The project is secured through a first position lien on the property title along with a personal guarantee from the borrower/developer, a real estate attorney and investor local to the New Jersey area. Patch of Land expects an annualized return to investors of 18% on this project. As with this project, Patch of Land expects to continue offering high yield, high security investments secured by real estate across the United States.
“While this is our first public offering, this project is a fantastic example of the high level of opportunity that currently exists in the real estate market,” Jason Fritton, President of Patch of Land says, “We’ll be offering many more like this from developers across the US in the coming months.” The project can be evaluated at: http://patchofland.com/investments/new-jersey-short-sale-with-great-interest.html.
Patch of Land relies on relationships with experienced real estate developers in order to carefully manage their investment opportunities. “We use developers with a lot of experience and a long track record of success,” Fritton said. Patch of Lands acts as a financier and technology partner to make the funding possible. They match up interested investors with the property developers online and then facilitate the investment between all the different parties. While there are a lot of legal and logistical challenges in the world of real estate investment, all the investment details, photos, and plans can be viewed online and interested funders can buy part of the project instantly and sign all the documents digitally. “We’ve made it as straightforward as possible and taken the headache and stress away from real estate investment.” Fritton stated. “We want the process to be fun, informative and ultimately very lucrative.”
For more information, visit http://PatchofLand.com.
About Patch of Land
Founded in early 2013, Patch of Land is a pioneer in the emerging crowdfunding industry. Focused on identifying highly lucrative real estate investments, Patch of Land provides access to these opportunities through their online portal. Investors can choose individual properties to fund and diversify their portfolio across many different asset classes and risk profiles.