Real estate investment marketplace Shareestates announced this week it has reached the $275 million loan origination milestone after closing out the year with more than $42 million in loans in December.
All loans originated on the platform are secured by both the property and the borrower’s personal guarantee. The platform performs a 34-point underwriting process on each project.
“A key to our growth has been our ability to identify safe and profitable investments that will generate higher yields that the industry average,” cofounder and CEO Allen Shayanfekr said. “As the crowdfunding industry expands, we are confident in our model’s ability to maintain outstanding results for investors and generate competitive returns.”
Tony Zerucha is the managing editor of Bankless Times.
A two-time LendIt Journalist of the Year nominee, Tony has written more than 2,000 original articles on the blockchain, peer-to-peer lending, crowdfunding and emerging technologies over the past seven years, making him one of the senior writers in the alt-fi sector.
"The evolution of the crowdfunding and peer-to-peer lending scenes is absolutely fascinating to chronicle. It is a joy to be around people with such passion and vision."