New York, New York (PRWEB) July 01, 2016
iFunding has raised $700,000 of preferred equity for the acquisition & renovation of a 40-unit multi-family community in Dania Beach, Florida. This market has a great location between Miami and Fort Lauderdale and has been attracting new capital for development in conjunction with its growing population.
The Sponsor, KVR Properties, is an experienced multi-family owner with particular expertise in South Florida. They are focused on value-add multi-family assets in growth-oriented markets with positive employment trends and proven in-migration, and this acquisition is an ideal target for them.
The Principal of KVR Properties stated, “Working with iFunding was incredibly smooth. They are very professional and always work towards getting the job done in the most effective manner.”
William Skelley, Founder & CEO of iFunding added, “Part of iFunding’s mission is to offer our investors exceptional investments backed by trustworthy, experienced sponsors. This deal was a great opportunity to accomplish this goal, and we look forward to continuing to transform this industry by providing individual investors access to historically exclusive investments.”
Innovational Funding LLC (“iFunding”) is a leading commercial real estate investment platform aggregating investor capital to provide equity and debt financing to owners, developers, and fund managers, leveraging technology and a full-service online platform. Accredited investors can register on our website to review our curated online investment marketplace, which includes investment positions in all asset classes and throughout the capital stack.