Crowdfunding can be an excellent source of funding, well-suited to fill a recognized void in smaller- to medium-sized hotel transactions.
New York, NY (PRWEB) January 26, 2015
HVS Capital Corp, the real estate industry leader for hospitality investment banking solutions, and iFunding, the crowdfunding platform that makes real estate investing simple, announce a strategic alliance to expand financing for hospitality real estate projects. HVS Capital Corp (“HVSCC”) will use iFunding’s crowdfunding platform to expand the investor base for hospitality real estate, while iFunding will rely on HVSCC exclusively to underwrite its crowdfunded hotel, resort and timeshare deals.
Hospitality Real Estate Investing and Crowdfunding are Growing
Real estate crowdfunding is evolving from typically financing smaller investments, often single-family and multi-family projects and rentals, to also providing individual investors and family offices greater access to more sophisticated commercial real estate investments. Meanwhile, economic growth in the United States has driven renewed hospitality sector profitability and new hotel developments, particularly in the mid-scale to upper-scale segments. The HVSCC / iFunding relationship meets growing demand to combine the profitability and sophistication of hospitality real estate with the progressive financing of crowdfunding.
Hospitality real estate developers and operators with an interest in HVSCC / iFunding’s joint crowdfunding financing and underwriting approach are invited to contact the companies to propose investments. The iFunding team can be reached via 844-367-4386 ext.2 or partners(at)ifunding(dot)co. The HVSCC team can be reached via 303-512-1226 or wsipple(at)hvs(dot)com.
William Sipple of HVS Capital Corp joins iFunding’s Advisory Board
In addition to the collaboration on hospitality real estate crowdfunding, iFunding welcomes William Sipple, Executive Managing Director of HVSCC, to iFunding’s advisory board. Bill Sipple contributes over 30 years experience in hotel development, finance, valuation and operations to the collaboration and board. He has worked for, or advised, top hospitality brands including Regent International, Carlson Hotels (including Radisson & Park Plaza) and Starwood Hotels & Resorts.
Mr. Sipple’s team at HVSCC serves institutional and high net-worth investors, developers and management/ownership companies, with services including:
- Investment sales and acquisitions of hotel and mixed-use properties;
- Capital markets advisory services for securing project debt and equity; and
- Deal structuring, including financial analysis, due diligence, and deal closing.
Mr. Sipple stated, “In an effort to utilize today’s cutting edge technologies, HVS Capital is thrilled to align ourselves with this new and reliable source of equity and debt capital, in what we call the democratization of real estate capital.” He added, “Crowdfunding can be an excellent source of funding, well-suited to fill a recognized void in smaller- to medium-sized hotel transactions. It is cost-effective and can be used for gap equity, mezzanine financing and bridge loans in particular.”
CEO of iFunding, William Skelley, noted: “We are finding interest from property developers and real estate investors alike in the hospitality sector. Our investors have inquired about opportunities in boutique hotel developments, marquee hotels and resorts, and active living communities. Crowdfunding investors like the option of being able to invest in hospitality properties, but expect the depth of underwriting and advisory capabilities that HVS Capital Corp brings to every deal. That’s why I’m confident that our exclusive reliance on HVSCC for hospitality underwriting will drive more crowdfunding interest, well-positioned properties, and quality investment outcomes.”
About HVS Capital Corp
Founded in 2001, HVS Capital Corp (“HVSCC”) is the investment banking arm of HVS for the Americas. The firm’s executives have an average of 20+ years experience through several real estate cycles, completing tens of billions in transactions. HVSCC is an innovative industry leader that delivers comprehensive hospitality investment banking solutions based on performance, collaboration and trust. HVSCC’s core areas of service are debt & equity placements, investment sales / brokerage, capital advisory projects and workouts for hotels, resorts, and mixed-used developments. Through strong relationships with an extensive list of active investors, lenders, management companies and hotel brands, HVSCC identifies the most appropriate parties for any given transaction. This capability maximizes value while facilitating an expedited timeframe for execution. For more information, visit http://hvscapital.com.
iFunding is a leading real estate crowdfunding platform, facilitating debt and equity fundraising for properties range from single family homes, to multi-family residences and condominium estates, apartment towers, hotels and resorts, retail locations, malls, offices and 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 directly 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. 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.
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