EarlyShares Launches Institutional-Quality Real Estate Investment from Pillar, a Guggenheim Partners Affiliate

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Accredited investors on EarlyShares can access a secured debt investment underwritten by a top institutional lender

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EarlyShares, the leading real estate crowdfunding platform that gives accredited investors direct access to commercial real estate opportunities, has launched a new investment opportunity from Pillar, a respected commercial real estate lender and affiliate of Guggenheim Partners. The offering is for participation interests in a $1.4 million mezzanine loan in the Racquet Club Apartments in Lancaster, California. This class of investment is traditionally only available to institutional investors, but Pillar is opening the deal to all accredited investors for a $25,000 minimum investment.

The Racquet Club Apartments is a 200-unit apartment community is in Los Angeles County. Pillar is offering investors a 9.00% return on the interest-only mezzanine loan, which has a maturity date of December 6, 2019.

At closing, $1,138,000 ($5,690/unit) was escrowed to fund capital improvements, including $500,000 ($2,500/unit) for interior upgrades. Rent levels at the property were at the lower end of the competitive set identified by the appraiser, providing for upside rent potential.

Accredited investors who are interested in learning more should click here and request access to the investment offering.

“Our team at Pillar is very excited to be crowdfunding this mezzanine loan on EarlyShares,” said Anand N. Gajjar, Principal and CEO of Pillar. “We have deep experience in this type of commercial real estate asset, but we’ve typically only worked with institutional investors on these kinds of deals. Hosting this offering on EarlyShares will help us broaden our reach to new investors who have traditionally been unable to access institutional-quality investments.”

“EarlyShares is committed to working only with highly respected real estate developers, lenders, and investment firms – and Pillar is a sterling example,” said Joanna Schwartz, co-founder and CEO of EarlyShares. “Accredited investors can rarely participate in deals underwritten by lenders of Pillar’s caliber. We’re thrilled to be working with this Guggenheim Partners affiliate and we hope a wide array of investors will take advantage of this opportunity.”

To browse all current investment opportunities on the EarlyShares platform, click here.

Under current SEC regulations, only accredited investors who are registered users of EarlyShares are able to invest in the Racquet Club Apartments deal and other opportunities on EarlyShares. Interested investors can sign up here and fill out an accreditation questionnaire to determine if they are eligible to invest.

About EarlyShares
EarlyShares is the trusted real estate crowdfunding platform that gives accredited investors direct access to vetted, return driven investments in commercial real estate. Under new securities regulations, EarlyShares streamlines the processes of real estate investing and capital raising to make them more accessible, transparent, and data-driven. Thousands of investors are seeking to invest nearly $300 million on EarlyShares in the next 12 months. For more information or to join the ‘Future of Investing,’ visit EarlyShares.com.

Madelyn Young
EarlyShares Marketing & PR

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Madelyn Young
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