Patch of Land

Patch of Land names new CEO

Online marketplace lender for real estate Patch of Land has named Paul Deitch as its new CEO and promoted Co-Founder Jason Fritton to Executive Chairman. Mr. Deitch was most recently the Managing Director at Oaktree Capital Management where he was ...

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Patch of Land sees trio of Q1 milestones

Online real estate marketplace lender Patch of Land enjoyed a successful first quarter. The platform has surpassed the $100 million mark in short-term loans for rehabilitation of residential and commercial properties. They have also returned more than 25 percent of ...

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Patch of Land sells $250 million in loans

Online real estate marketplace lender Patch of Land has agreed to sell $250 million of loans to East Coast Credit Fund in what is the fund’s first marketplace lending transaction. “We are thrilled to announce this important milestone for the ...

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Our Q&A with AdaPia D’Errico of Patch of Land

Bankless Times chatted with AdaPia D’Errico from Patch of Land and discovered several key topics to expand upon. 1. Transparency Transparency is paramount in growing awareness about our company, earning customer trust, and building credibility for the industry at large. Both in ...

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Patch of Land sees innovation as key to lasting success

On June 1, 2015, real estate crowdfunding site Patch of Land released its secured debt investment structure, a move its executive team felt helps the entire industry.  In an industry where proprietary information is often a company’s bread and butter, especially ...

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Patch of Land announces loan collateral changes

Real estate crowdfunding finance platform Patch of Land (POL) took steps to improve investor protection with a format restructuring announced this week. All existing and future POL loans on the platform will now be directly secured by underlying collateral, making the ...

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Patch of Land announces first hotel offering

Real estate crowdfunding platform Patch of Land (POL) has announced its first foray into hotels with a $3.2 million loan to a Ramada Inn located on Route 66 in Arizona. The deal is also the platform’s largest loan to date and ...

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Patch of Land adds experience with new advisors

Real estate crowdfunding portal Patch of Land followed the strategy used by many other crowdfunding sites Monday when they announced the addition of two experienced advisors to the company. Patrick Gannon is a partner at Archimedes Labs LLC, a Silicon ...

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