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NEWPORT BEACH, CA—While crowdfunding is gaining ground in the real estate realm, it has some definite drawbacks, and not everyone agrees that it is a viable alternative to traditional financing. GlobeSt.com spoke with Alexander Philips, CEO and CIO of TwinRock Partners here, and Jeff Lerman, a partner with real estate law firm Lerman Law Partners LLP in San Rafael, CA, about some of the caveats to crowdfunding and why it may not have legs in the real estate industry. Stay tuned for a feature story on crowdfunding’s progress in an upcoming issue of Real Estate Forum.

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