RealtyMogul.com

RealtyMogul.com
Industry Crownfunding Real Estate Investing
Founded 2012
Founder Jilliene Helman, Justin Hughes
Headquarters Los Angeles, CA., U.S.A.
Number of locations
 6
Key people
 Jilliene Helman, CEO & Co-Founder,[1] Justin Hughes, CTO & Co-Founder
Number of employees
 80
Website www.realtymogul.com

RealtyMogul.com is a real estate crowdfunding platform for accredited and institutional investors. Since its inception in 2013, over $150 million has been invested by investors in debt and equity products, financing more than 265 residential and commercial properties valued at over $600m.[2]

History

2013

RealtyMogul.com was founded in 2013 by Jilliene Helman and Justin Hughes. They began as a participant in the 2012 Microsoft Accelerator for Windows Azure program, a mentoring opportunity powered by Techstars for startups.[3] After raising $1 million in seed funding, the company officially launched in March 2013, offering both commercial equity and residential debt products.[4] With 200 beta users and investors and over 1,000 applicants on its waitlist, RealtyMogul.com’s first deal helped AH Capital raise $110,000 to purchase and refurbish a Los Angeles duplex.[5]

2014

In March 2014, RealtyMogul.com raised $9 million in a round of Series A funding, led by Canaan Partners, increasing its overall funding to $10 million. The company grew to $14.6 million in total investments in 58 properties across 14 states.[6] RealtyMogul.com’s next major milestone came in September of the same year, when it reached $30 million in funding from 12,000 active investors. This achievement came after closing a deal with Brennan Investment Group with most investors contributing between $50k and $100k.[7]

Less than two weeks later, RealtyMogul.com announced an agreement with investment firm Direct Lending Investments which committed to $73 million in the company’s projects.[8] By the end of 2014, the company saw its first equity deal completely pay back investors from a class B retail center in San Antonio.[9]

The Hard Rock Hotel in Palm Springs was the first ever crowdfunded hotel transaction, completed on RealtyMogul.com in 2014.[10][11] In December 2014, RealtyMogul.com opened its SF office.[12]

2015

CEO Jilliene Helman was selected as one of Forbes’ 2015 30 Under 30 Rising Stars of Enterprise Technology[13] and RealtyMogul.com ranked 18th among the top 100 start-ups in Los Angeles in the same year.[14]

In July 2015, RealtyMogul.com engaged in a round of Series B funding led by Sorenson Capital, resulting in $35 million raised. The company reported that the 265 properties in which it facilitated the raise of equity or debt were valued at more than $600 million[15] and investors have received over $6 million in returns.[16] The company opened its Atlanta office in August 2015.[17] In September 2015 the company launched its first commercial debt product.

On November 18, 2015, RealtyMogul.com announced the financing of a $49 million bridge loan to acquire an apartment complex in the suburbs of Atlanta. To date, this was the largest loan via an online platform.[18]

Shortly thereafter, on November 23, 2015, RealtyMogul.com announced it had completed a debt and equity combo transaction with a full capital stack transaction through the purchase of a 112-unit apartment community in Fayetteville, NC.[19] RealtyMogul.com funded $7.59 million in bridge financing and raised $1.5 million in joint venture equity for a total of 90 percent of the $10.12 million purchase price though both debt and equity.[20]

RealtyMogul.com returned $20 million of principal and interest to investors.[21]

Dec 16th, 2015, RealtyMogul.com opens office in Houston, TX.[22]

2016

RealtyMogul.com opens NYC office on Jan 11th, 2016.[23]

RealtyMogul.com helped Student Quarters, the investment arm of St. Clair Holdings to raise a $1 million as part of a $37.5 million capital raise to acquire 3 student housing properties.[24]

On Jan 14th, 2016, RealtyMogul.com announce that it has completed a full capital stack deal for 1600 Corporate Center. A class A multi-tenant office building located in Rolling Meadows, Illinois.[25]

RealtyMogul.com announced that it is adding a 1031 exchange product exchange product on March 14th, 2016.[26]

Platform

RealtyMogul.com connects borrowers and sponsors to capital from accredited and institutional investors through an online capital marketplace. Borrowers access debt capital through an online platform, while sponsors access equity capital.[27] RealtyMogul.com's products include bridge and permanent loans and joint venture equity.

Investors access real estate opportunities through the platform with a minimum investment of $5,000. Loans fund professional contractors and developers with interest rates averaging between 5 and 20%.[28]

See also

External links

References

  1. ↑ Helman, Jilliene. "RealtyMogul Completes "Industry Breakthrough" Full Capital Stack Debt and Equity Combo". www.crowdfundinsider.com.
  2. ↑ Alois, JD (13 October 2015). "RealtyMogul: $150 Million in Real Estate Transactions". Crowdfund Insider. Retrieved 25 November 2015.
  3. ↑ "Microsoft Announces 10 Microsoft Accelerator for Windows Azure Startup Finalists - Techie Buzz". Techie Buzz. Retrieved 2015-11-25.
  4. ↑ Ha, Anthony. "Realty Mogul Launches Its Real Estate Crowdfunding Platform (For Accredited Investors), Raises $500K". TechCrunch. Retrieved 2015-11-25.
  5. ↑ "Realty Mogul proves real estate crowdfunding works with its first completed deal". Pando. Retrieved 2015-11-25.
  6. ↑ Gage, Deborah (2014-03-27). "Realty Mogul Raises $9M as Real Estate Crowdsourcing Turns Into Hot Property". Retrieved 2015-11-25.
  7. ↑ "Realty Mogul CEO States: "We Want to Get Really Great" as Real Estate Crowdfunding Platform Leaps $30 Million". Crowdfund Insider. Retrieved 2015-11-25.
  8. ↑ Ha, Anthony. "Realty Mogul Gets A $73M Capital Commitment From Direct Lending Investments". TechCrunch. Retrieved 2015-11-25.
  9. ↑ "Realty Mogul Announces First Equity Deal to Pay Back Completely". Crowdfund Insider. Retrieved 2015-11-25.
  10. ↑ Br, Nadja. "Crowdfunding Spreads to Hotels as Hard Rock Sells Stakes". Bloomberg.com. Retrieved 2015-11-25.
  11. ↑ "Realty Mogul Announces Hard Rock Hotel Offer Has Sold Out". Crowdfund Insider. Retrieved 2015-11-25.
  12. ↑ "Realty Mogul Grows. Boosts Executive Bench with New Hires. Opens Up San Francisco Office". Crowdfund Insider. Retrieved 2015-11-25.
  13. ↑ "30 Under 30 - Forbes". www.forbes.com. Retrieved 2015-11-25.
  14. ↑ "The Top 100 Startups in LA". Symmetry50. Retrieved 2015-11-25.
  15. ↑ Ha, Anthony. "Realty Mogul Raises $35M For Its Real Estate Investment Marketplace". TechCrunch. Retrieved 2015-11-25.
  16. ↑ "30 Under 30 - Forbes". www.forbes.com. Retrieved 2015-11-25.
  17. ↑ "RealtyMogul.com Latest to Enter ATL Crowdfunding Market". Bisnow. Retrieved 2015-11-25.
  18. ↑ "Largest Loan Ever. RealtyMogul Funds $49 Million Real Estate Loan". Crowdfund Insider. Retrieved 2015-11-25.
  19. ↑ "RealtyMogul Completes "Industry Breakthrough" Full Capital Stack Debt and Equity Combo". Crowdfund Insider. Retrieved 2015-11-25.
  20. ↑ "RealtyMogul Completes "Industry Breakthrough" Full Capital Stack Debt and Equity Combo". Crowdfund Insider. Retrieved 2015-11-25.
  21. ↑ "RealtyMogul.com Tops $20 Million Returned to Investors as Real Estate Investments Grow". Crowdfund Insider. Retrieved 2016-04-10.
  22. ↑ "Brief: RealtyMogul Set to Open Houston Sales Office & Announces New Vice President of Commercial Lending". Crowdfund Insider. Retrieved 2016-04-10.
  23. ↑ "RealtyMogul.com Expands. Opens NYC Office, Hires Michelle Paretti as Senior Managing Director". Crowdfund Insider. Retrieved 2016-04-10.
  24. ↑ "Brief: RealtyMogul.com Helps Fund Student Housing Portfolio". Crowdfund Insider. Retrieved 2016-04-10.
  25. ↑ "RealtyMogul.com Completes Financing on "Full Capital Stack" for Chicago Office Building". Crowdfund Insider. Retrieved 2016-04-10.
  26. ↑ "RealtyMogul.com Boosts Products by Adding 1031 Eligible Investments to Its Platform". Crowdfund Insider. Retrieved 2016-04-10.
  27. ↑ "Realty Mogul proves real estate crowdfunding works with its first completed deal". Pando. Retrieved 2015-11-25.
  28. ↑ "Crowd Funding for Aspiring Real Estate Moguls". Forbes. Retrieved 2015-11-25.
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