For a change this week, I am delighted to introduce you to a deal from the 'other' world of crowdfunding and that most often associated with the term; the world of the non-accredited investor through WeFunder, a typically non-real estate related marketplace.
My guest today operates a most delightful company that bridges the gap between real estate and small/medium business capital formation. Robert Frisch is raising money on the WeFunder platform for his 'glamping' platform, Firelight Camps.
Learn from my guest today, Orest Mandzy, Managing Editor, Commercial Real Estate Direct, how he has built an entire CRE information business online, starting over twenty years ago when it was just experimental to have online businesses, unlike today when it's mandatory.
My guest today Aaron Halfacre, CEO of the crowdfunding platform Modiv and what you’ll hear from him today is that by investing in real estate through Modiv, you also get an ownership share in the company itself.
Charlie Rushton, Managing Partner at Saber Equity describes Parkway Flats, a class A apartment building in Houston, Texas.
Asset Class: Class A apartment building
Investment type: equity
Deal Size: $45.6 million
Equity requirement: $11.5 million
Preferred return: 8%
Projected IRR: 21%