RE Crowdfunding Platform Hits $1B Mark

Shayanfekr: “The process to onboard these funds was extremely difficult, requiring multiple site visits, third party reports, and vetting of our entire operational process—from application to post closing practices.”

GREAT NECK, NY—Sharestates, a real estate crowdfunding platform here, reveals it has surpassed $1 billion in committed capital for the purchase of loans. The company’s newest capital infusion comes from a fund that collectively manages over $15 billion, marking a milestone for the startup.

Sharestates launched its full operation less than two years ago in February of 2015. Since then, the firm has originated over $150 million in loans across more than 210 projects, with an average loan size of approximately $728,000. To date, Sharestates has returned over $50 million to investors with an average return rate of 11.36% for 2016, with zero loss of principal. Sharestates’ current trajectory has it on a $25-$30 million month to month origination volume, leading it to break over $200 million in originations by years end.