RealtyShares has secured a $30m credit line to pre-fund properties listed on its real estate crowdfunding marketplace.
The name of the firm providing the credit line is undisclosed.
The credit line is believed to be the first that will be used for both debt and equity offers listed on a real estate marketplace.
San Francisco-based Realty Shares says the financing will be used to reduce the time in settling transactions on the platform.
The news follows RealtyShares raising $3m through its platform for Salt Lake City-based residential property developer Blue Mountain.
The company took on a $20m Union Square Ventures-led Series B round in February.
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