As of today, the real estate platform has crowdfunded a total of $1.2 million across its first six transactions.
“We are also the first crowdfunding company in the U.S. to my knowledge that has already returned investor capital,” said Realty Mogul CEO and co-founder Jilliene Helman by e-mail. Realty Mogul has paid out more than $100,000 to its investors to date.
Added Helman, “We plan to pay out additional distributions in June.”
Realty Mogul provides a platform for accredited investors to combine their money to invest in pre-vetted real estate properties. The investments range from apartment buildings to retail centers to office buildings, and investors can invest as little as $5,000.
Founded in 2012, Realty Mogul demoed its technology as part of the FinovateSpring show in San Francisco. Video of the company’s presentation is available here.
For more information on crowd funding, see our recently published research in the latest edition of the Online Banking Report here.