LOS ANGELES—AssetAvenue, an online fundingplatform that matches investors, brokers, borrowers and lenderstogether, has closed $13.3 million in deals this past week. Thetransactions funded acquisitions, rehabilitations and refinancesfor four commercial real estate properties. The loan sizes rangedin value from $475,000 to $5 million.

“This points to AssetAvenue's value proposition on both thesupply and demand side of our platform,” ChrisGanan, president of institutional investments atAssetAvenue, tells GlobeSt.com. “On the supply side, our focus onsmall balance, $20 million and less, senior secured loans reallybrings a unique subset of capital to an underserved portion of themarket. On the demand side, we really provide a fixed-income yieldin a transparent manner; our volume thus far demonstrates the trustour diverse ecosystem of capital has placed in our ability tounderwrite and price risk.”

The platform focuses on bridge and transitional loans acrossproperty types. The four properties to receive these funds includean office property in Los Angeles, amultifamily property in Los Angeles, an officeproperty in San Francisco and a mixed-use complexin Brooklyn, NY. AssetAvenue is extremely pleased with its year-endresults, which have exceeded expectations. “When we raised our $3million seed round this summer, we thought that $10mm by year-endwould have been an unbelievable goal,” says Ganan. “We have beenpleasantly surprised by how quickly both sides of our ecosystemhave adopted our model, and obviously, we're well beyond that goal,and looking forward to a very big 2015.”