Fort lauderdale, FL (PRWEB) May 06, 2014
The result was to introduce a new financial product to investors and developers: dequity (finance) securities characterized by attributes of both fixed-income and equity securities, which for Open Source Capital translates into an investor-friendly way for accredited investors to invest in projects with no upfront fees, some of the highest yields available in today’s interest rate environment and unprecedented convenience and customer service.
Kyle Meyer, Managing Director and his senior management team joined together soon after the JOBS ACT was enacted with a clear and compelling vision to do what traditional banks, hedge funds and private equity firms had so far failed to do: create an innovative platform where investors could do their own due diligence and then choose the real estate deals they wanted to invest in, alongside other like minded investors. They were united by an unprecedented desire to pass on to investors the significant savings realized in a “low overhead-direct to investor” internet environment. Pledging to maintain consistently high yields on all investments, yet bringing the overall capital cost down to the builder and developer clients, Open Source Capital will strive to be an “equity alternative” offering innovative, feature-rich products that enable investors to enjoy true control over their personal real estate investments from one convenient website accessible anytime, anywhere.
Open Source Capital is headquartered in Fort Lauderdale, Florida. A highly adept and committed group of senior officers comprises the Open Source Capital management team. Together with investors Steve and Art Sandler, veteran developers and financiers from Virginia Beach, Virginia, the company brings in-depth experience to all aspects of lending, e-commerce, construction and development. According to Meyer, however, “There’s not a ‘pin-striper’ among us. Instead, we pride ourselves on being real “boots on the ground” fanatics. Rather than figuring out how we can be the biggest investment bank on the block, we figure out what our customers need and want and then set out to give it to them. Our motivation is simple: We want to be the capital provider that investors and developers love.” He continued, “At Open Source Capital, we will always be true to our customers and vigilant in finding ways to make financing real estate better for them.”
Information included in this press release may contain forward looking information that is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from expected results. Among these risks, trends and uncertainties are a company's ability to raise capital, risks associated with a particular company's business plan, national and local economic conditions, including conditions in the real estate and construction industry, conditions and trends in small business investing & lending in general, changes in interest rates and other factors. This information is not an offer to sell or a solicitation of an offer to buy any securities. Any such offer will be made only to qualified investors by way of written offering documents meeting the requirements of the Securities Act of 1933, as amended.