Commercial real estate crowdfunding platform Realty Mogul announced today it has exceeded $200 million in funded equity and debt transactions on its platform.
Launched in 2013, the California-based company has thus far returned $40 million in interest and principal to its 80,000 members who have invested in 350 properties. The return is 2X the $20 million figure the company reported in December 2015.
Realty Mogul’s CEO Jilliene Helman explains, “Our goal has always been to democratize commercial real estate by enabling a new generation of investors to participate in real estate opportunities that were historically difficult to access.” She continues, “Reaching the $200 million mark at this stage shows we’re continually following through on this goal and growing as a company.”
Justin Hughes (CTO & Co-Founder) presented at FinovateSpring 2014, where he demoed the company’s online marketplace that matches commercial real estate borrowers with a group of accredited investors. The investor dashboards enable investors to standardize, streamline, and monitor their investments.
In today’s release, Realty Mogul compiled the following infographic that offers further details about its investor base:
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