New York, NY (PRWEB) September 08, 2015
iFunding, a top real estate crowdfunding platform, has raised a total of $4M for two real estate projects located in Asbury Park, NJ from their investors nationwide. After the success of raising iFunding’s largest deal, $3.2M for 301 Memorial Drive, Regional Capital Group entrusted iFunding to raise the $800K for 201 Memorial Drive.
The latest listing was a senior debt investment for $800K utilized for an entitled site that will ultimately consist of 40 multifamily units over parking located at 201 Memorial Drive. This property is the second of two deals this month that iFunding and their sponsor, Regional Capital Group, have brought to the crowdfunding investment community on iFunding’s online portal. The properties are each new developments and adjacent to each other on Memorial Drive.
“I valued iFunding’s quick execution and excellent communication throughout the process to close both of these loans,” commented Paul Braungart, President of Regional Capital Group, “The process was very straight forward and allowed our development company to acquire the capital needed to successfully complete the land assemblage required to develop these projects. We plan on working with iFunding again soon, and I’m confident we will get similar results.”
Regional Capital Group has funded over $15 billion in real estate investments over the past 25 years. Their development arm is AP Development Partners and the operating partner in the development firm is Trip Brooks who is a seasoned real estate developer.. Project approvals were obtained last year by Brooks and the $32 mil project has also received a tax credit from the NJEDA. The project known as 201. 301 Memorial Drive, will provide much needed housing in a town with a lack of market rate rental properties.
“Developing strong relationships with our sponsors is a top priority, ” William Skelley, iFunding Founder and CEO states, “When we build strong relationships, we find our sponsors can’t wait to work with iFunding and our investors again. iFunding strives to provide diverse investments and high quality deals to our investors. We set high standards for the way we operate, and it is just one aspect of iFunding that sets us apart of the rest in the industry.”
iFunding is a leading real estate crowdfunding platform, facilitating debt and preferred equity fundraising for properties range from multi-family residences and condominium estates, to apartment towers, hotels and resorts, single-family homes, retail locations, malls, offices, mixed-use buildings, and more. iFunding provides opportunities for accredited investors to invest in institutional-quality real estate deals, with a minimum investment of just $5,000. The company oversees deals throughout their lifespan, providing extensive information and transparency to give investors insight and oversight into their investments. It also generates financing for multi-project funds, and partners with family offices to co-fund opportunities with its individual investors. We offer flexible financing terms to real estate developers. Visit http://www.ifunding.co for more information, or connect with us on LinkedIn at http://www.linkedin.com/company/innovational-funding, on Facebook at http://www.facebook.com/iFunding , or via @inno_funding on Twitter. The phone number for investor and operator inquiries is 844-367-4386.