LOS ANGELES—Realty Mogul has reached its next plateau. The crowdfunding company, which launched less than three years ago, has surpassed $150 million of investments in real estate transactions. This was the company's lofty goal for the year, which it has achieved months ahead of schedule. When asked what the next milestone would be, Jilliene Helman, Realty Mogul's CEO, reached high.
“The one word that comes to mind is billions,” she tells GlobeSt.com. “We want to be originating billions of dollars in transactions. That is obviously not something that we are going to do this year, but in the medium future, it is very realistic. If you look at the growth rate over the last two years, we are on track to get there in the not to distance future.”
To date, the company's investor pool have invested in 265 properties valued at $600 million, and Helman believes that milestones like this push the company further. “It has always been about execution,” says Helman. “The idea of an online marketplace in real estate is not a novel idea anymore. There are many competitors, but it matters how you operate. This gives real estate companies a lot of comfort that when we look to raise capital for their transactions—whether it is a commercial real estate loan or raising equity capital—we have done it before and we have a track record of success. We've raised substantial capital for both debt and equity in the last two-and-a-half years, and I don't think that all of our competitors can say that.”
Reaching a goal of billions of dollars in originations is a longer look in the company's five-to-ten year future. For now, reaching $150 million is something to celebrate, not only for the company, but also for the burgeoning industry niche. “Being a financial tech marketplace, you have to put capital out,” says Helman. “This is a really good indication that we are moving in the right direction. We've worked with a lot of borrowers and sponsors who have gotten access to capital through our marketplace, and I think for us as a company, it is an important milestone in building the company and building the brand that we want to be.”
Realty Mogul reached its $50 million milestone in January of this year, showing the company's rapid rate of success and growth.
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