Chicago, IL – Chicago-based real estate crowdfunding platform PeerRealty announced today that a it has entered into an agreement with a Florida-based family office to provide a revolving line of credit for select PeerRealty deals. The newly signed agreement allows the platform to pre-fund select real estate crowdfunding offerings.
“Pre-funding has been referred to as the ‘killer app’ of real estate crowdfunding, and this revolving line of credit marks the next big advance for PeerRealty as a platform,” said PeerRealty CEO Jordan Fishfeld. “The ability to pre-fund deals will make PeerRealty more attractive to potential sponsors and investors alike.”
The revolving line of credit allows PeerRealty to commit up to $500,000 per deal upon completion of the due diligence process. This aligns PeerRealty’s interests with those of its investors, greatly reduces funding risk to sponsors, and allows investors to start earning returns almost immediately upon investment.
“With this credit agreement, we are putting our own skin in the game,” explained Fishfeld. “We subject pre-funded deals to stringent due diligence to ensure that each investment offering is sound, and investors can be assured that we are investing in the deals right alongside them.”
For more information, visit PeerRealty.com.
PeerRealty.com is a streamlined, online portal that allows any accredited investor to participate in high-quality real estate deals. A strong team and advisers with institutional backgrounds review and select deals. The leadership team has over 30 years of experience in the real estate industry, and includes M.B.A.’s from Northwestern University’s Kellogg School of Management, the University of Chicago Booth School of Business, and the University of Miami (FL), along with J.D.’s from the University of Chicago Law School and the University of Miami (FL). For more information on PeerRealty, visit PeerRealty.com.