New York, New York (PRWEB) July 31, 2016
iFunding has raised $750,000 of senior debt for the acquisition, renovation, and development of an in-fill site in Denver, Colorado. The senior bridge loan is structured to accommodate a dynamic real estate strategy for a sophisticated developer in a market that is experiencing some of the lowest available inventory in years.
The Bruckal Group is an active developer with particular expertise in residential projects in the Western US and Canada. Collectively, the group has been involved in over 5,000 residential units, maintains a full-time local presence in Denver, and is well positioned to capitalize on favorable market conditions.
Myles Bruckal, the CEO of the Bruckal Group observed “We are very excited about the financing on this project. It was a pleasure to work with iFunding to create a structured loan on a dynamic asset. iFunding was remarkably responsive, and we look forward to our next deal with them.”
William Skelley, Founder & CEO of iFunding added, “Part of iFunding’s mission is to offer our investors compelling 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 clear 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.