Happy First Birthday, Realty Mogul!
And while other crowdfunding platforms may celebrate with cake or champagne, leave it to Realty Mogul to mark the occasion with news that its investors have put $14.6 million to work financing more than $100 million worth of real estate investment.
They’ve even published a helpful infographic that shows how they did it.
“In just 12 months, Realty Mogul has become the largest online marketplace for real estate investing,” the company wrote. “And in just six months starting in July we grew nearly 400% in investments.”
“We thank our valued investors and look forward to an even better 2014.”
Realty Mogul serves as an online marketplace that makes it easy for accredited investors to invest in real estate properties ranging from retail to residential. Using a crowdfunding model, Realty Mogul allows investments as low as $5,000, and investors can earn investment income as quickly as the next month or quarter.
A few metrics on Realty Mogul:
- 67% of investments made by repeat investments
- 55% of investors have made multiple investments
- More than 6,000 accredited investors are using the platform
- The average age of Realty Mogul’s investors is 42 (the youngest, 24; the oldest, 75)
TechCrunch noted that the investments consisted of 58 separate properties in 14 different states.
Founded in May 2012 and headquartered in Los Angeles, California, Realty Mogul is led by CEO Jilliene Helman. The company demoed its technology as part of FinovateSpring 2013 in San Francisco. See Realty Mogul in action here