Online crowdfunding platforms for real estate financing continue to emerge across the industry and in new marketplaces. The latest example: Sharestates has expanded and launched in Arizona.
Sharestates, an online real estate investment platform, announced its inception into the Arizona Banking Department roster of lenders as Sharestates Investments, LLC. With this launch, Sharestates will be offering its loan products to the real estate speculation and development community in a statewide effort.
Sharestates’ launch into Arizona coincides with its 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.
Sharestates continues to outperform the online real estate lending industry with originations exceeding $840 million since inception in 2014 with 2017 monthly totals averaging $43 million. Sharestates has funded more than 895 individual loans, providing an average…