Sharestates, an online real estate investment platform, has been added to the Arizona Banking Department roster of lenders as Sharestates Investments LLC, NMLS ID number 1538766. With this launch, Sharestates will be offering their loan products to the real estate speculation and development community in a statewide effort.
Sharestates’ launch into Arizona coincides with their overarching goal of providing both borrowers and investors with a user-friendly and hassle-free way to make investments within the greater real estate ecosystem.
“We would like to thank the Arizona Department of Banking for approving our application and allowing us this exciting milestone. Moving into Arizona is an opportunity for our company to make an impact on a growing real estate market,” said Sharestates CEO Allen Shayanfekr. “Growth, more importantly sustained growth, is essential for the stability of Sharestates. We are excited about providing borrowers in Arizona the premium services and products that have come to be expected from the Sharestates brand. We look forward to working in conjunction with the existing lenders and origination teams in Arizona to expand our footprint in this evolving movement known as real estate marketplace lending.”
Sharestates will be attending the 45th Pitbull Hard Money Conference located at the We-Ko-Pa Resort and Conference Center in Scottsdale, Arizona on Mar. 14-15.
Sharestates’ originations since its 2014 debut exceed $840 million. In 2017 monthly totals averaged $43 million. They have funded more than 895 individual loans, providing an average return on investment of 10.42 per cent.