Los Angeles, CA (PRWEB) February 19, 2014
Real Estate Crowdfunding site Patch of Land has launched two new deals on its platform, growing its portfolio of real estate debt investments from single-family residential projects to more sophisticated, and potentially more lucrative, multifamily apartment buildings. They are now open to investment by accredited investors.
The two projects launched on the platform today include one of the first multifamily properties to come to the real estate crowdfunding platform since its launch in October 2013. Included in their latest offerings is a quadplex apartment building that will be developed into a turnkey cash-flow rental building and an upscale rehab project in a high-end suburb 20 minutes outside of New York City. Both investments are secured by first position liens on the title of the property and personal guarantees from the developers.
“We’ve successfully invested in traditional residential property and now we are in a position to work with additional developer profiles and asset classes, bringing these opportunities to accredited investors through our online investment platform,” Patch of Land COO Jason Fritton states.
Patch of Land has co-invested in more than $1 million worth of crowdfunded real estate projects since their launch late last year. They expect to fund an additional $2 million within the next 60 to 90 days. Interested real estate investors can learn more about their offerings at http://Patchofland.com.
About Crowdfunding Real Estate
Crowdfunding a real estate project allows individual investors to join together in order to fund larger opportunities without having to commit huge sums of money individually. Patch of Land brings this process completely online through their web portal and has experienced strong demand since its launch late last year.
Potential investors can view images, architectural sketches, developer interviews and profiles, appraisals and more at the Patch of Land website. If interested, they can invest, transfer money and sign documents completely online within minutes on their computer or even on their mobile device. For more information, visit: Http://Patchofland.com.
About Patch of Land
Founded in early 2013, Patch of Land is a pioneer in the emerging real estate crowdfunding industry. Focused on identifying highly lucrative real estate debt investments, Patch of Land provides access to these income-generating opportunities through their online portal. Investors can choose individual properties to fund and diversify their investment portfolio across different asset classes and risk profiles.
Media inquires please contact: AdaPia(at)patchofland(dot)com
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