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Crowdfunding is a growing fund-raising alternative for residential real estate projects
New York, NY (PRWEB) June 23, 2014
iFunding (http://www.ifunding.co), Americas real estate crowdfunding platform, today announced that its CEO, William Skelley, will speak as part of a panel discussion at the Second Annual New York Summer Apartment Summit, to be held at the Scholastic Building, 997 Broadway, in New York City on June 26. For the panel discussion, entitled "Debt, Equity & Alternative Capital Sources: Analysis of the Myriad of Financing Strategies and Key Differences Between Traditional Banks and Emerging Solutions," Mr. Skelley will explain how crowdfunding is providing an important new source of finance for operators of multi-family residences and apartment towers.
The summit convenes over 400 commercial real estate investors, equity and debt sources, developers and service providers. The panel discussion, which starts at 8:50 am on June 26th, will cover the range of non-traditional commercial real estate financing opportunities available in the market today, and explain to attendees how to access those opportunities. One highlight will be how real estate crowdfunding is quickly becoming a source of primary financing for smaller deals, and an alternative method of expanding a real estate operators investor base for larger deals. One recent article covering this trend was in the Wall Street Journal, entitled Real-Estate Sector Moves Crowdfunding Beyond the Trinkets Sites Have Raised More Than $135 Million in Debt and Equity, and noting iFunding as a leading real estate crowdfunding platform.
William Skelley, CEO of iFunding, noted: Investors in multi-family and other properties have a new way to diversify their holdings across multiple opportunities and locations, through crowdfunding. Meanwhile, fundraisers can gain access to thousands of accredited investors in our network. The scalability of the platform means that iFunding can efficiently handle most of the opportunity evaluation, document exchange and project reporting for both parties, letting investors focus on deal selection, and operators focus on their projects. We feel that crowdfunding is a trend that the real estate community needs to look at more closely.
During the month of May 2014, iFunding raised over $1 million for a range of real estate deals via its crowdfunding platform at http://www.ifunding.co. iFundings property classes include single family homes, multi-family residences, apartment towers, retail locations, office buildings and mixed-use structures. In contrast to traditional real estate investing, which is typically accessible only to those with extensive capital and industry contacts, iFundings crowdfunding opportunities have minimum investment amounts as low as $5,000, while much larger amounts also are invested by individuals, family offices and institutions.
This Second Annual New York Summer Apartment Summit is organized by CAPRATE Events. The moderator of the panel discussion is Ronald M. Shapiro, Director of the Center for Real Estate Studies, Rutgers Business School. Besides Mr. Skelley, other speakers on the panel include Ray Adkins, Multifamily Account Management, Fannie Mae; John Gambardella, Regional Manager of Chase Commercial Term Lending, Chase; Michael A. Gardner, Managing Director, CCRE; and Justin Levitt, Loan Officer, Prudential Mortgage Capital Company.
iFunding is the leading real estate crowdfunding platform in the US, facilitating equity fundraising for single family homes, multi-family residences, apartment towers, retail locations, office buildings and mixed-used buildings. iFunding provides opportunities for accredited investors to invest in institutional-quality real estate deals, with a minimum investment of just $5,000. The company specializes in preferred equity investing and directly oversees each deal throughout its lifespan, providing extensive information and transparency to give investors insight and oversight into their investments. iFunding is based in New York with investments across the U.S. and offices in San Diego and Singapore. Visit http://www.ifunding.co for more information, or connect with us on LinkedIn at http://www.linkedin.com/company/innovational-funding, on Facebook at https://www.facebook.com/iFunding , or via @inno_funding on Twitter.
About the New York Summer Apartment Summit
The Second Annual New York Summer Apartment Summit, held on June 26 at The Loeb Boathouse in Central Park, New York City, brings together all of NYCs multifamily executives under one roof, including 400+ commercial real estate investors, debt sources, equity sources, developers and service providers who seek new opportunities and new business relationships. Unlike other multifamily events, this conference will convene more five-borough investors representing the true range of acquisitions sources, from high net worth and entrepreneurial funds, growing investors, to institutional investors. The event organizer is CAPRATE Events, LLC., Visit http://cre-events.com/sas2014/ for more information.
For the original version on PRWeb visit: http://www.prweb.com/releases/ifunding/2014-06-26/prweb11964515.htm
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