Real estate trading platform Sharestates launches $300m fund

Online real estate investing platform Sharestates has launched a $300m fund, in partnership with ‘prominent bank partners’.

This new vehicle will support institutional and individual investors with a bigger opportunity to make real estate deals, according to the company. The fund will also be comprised of Sharestates own capital to express their confidence, and will mark the first time it offers its own equity.

Launched in 2015, Sharestates is a real estate investment marketplace open to individual and institutional contributors. Borrowers submit a loan application for credit between $100,000 and $10m. Investors can then choose to back projects from a minimum contribution of $1,000, other options available are to purchase whole loans or non-performing loans.

The fund comes after Sharestates launched its sister company Syndicate Profile, a fellow investment platform but for bigger deals. Its new company will enable investors to receive annual returns of 12 to 40 per cent, with the potential for quarterly cash, according to the company.

Investments made on Syndicate Profile will start from $25,000 and is accessible to individual and institutional investors, as well as family offices.

Sharestates CEO Allen Shayanfekr said, “In the early days of Sharestates our vision was to bring real estate investments accessibility to the masses and today we are proud to announce two big milestones that will bring our vision to life.

“While our focus in the last 24 months has been to grow our debt portfolio, we have been diligently working behind the scenes on building products across the entire capital stack to offer a full spectrum of investment options.”

Last month, global provider of electronic trading and investment management software Horizon Software partnered with Ho Chi Minh City Securities.

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