EQUITYMULTIPLE, LEADING REAL ESTATE INVESTING PLATFORM, LAUNCHES FIRST DEBT OFFERING
Online Marketplace Offers Opportunity to Invest in San Francisco Condo and Retail Project
NEW YORK — EQUITYMULTIPLE, an online investment marketplace that facilitates more accessible, efficient and transparent real estate investing, today announced its entrance into the debt space by offering investors the ability to participate in a predevelopment bridge loan secured by a development site in San Francisco, California. Like E-Trade did for stocks and Betterment is doing for wealth management, EQUITYMULTIPLE makes it easy for individual investors to create and manage their own portfolio of pre-vetted commercial real estate.
The newest opportunity is a chance to invest as part of Urban Green Investments’ $3.4-million pre-development loan to the project’s sponsor, Butterfly Investments. Butterfly, which acquired the development site — located at 1490 Ocean Avenue — for $5.3 million, will build 15 condominiums, as well as ground-floor retail and parking.
EQUITYMULTIPLE, which is offering investors an annual return of nine percent net interest over a nine-month term, is accepting minimum investments of $5,000.
“As EQUITYMULTIPLE makes a strategic entrance into the debt space, we’re thrilled to start with this kind of opportunity,” stated Charles Clinton, CEO of EQUITYMULTIPLE. “Booming job growth in San Francisco has created overwhelming demand for housing. Furthermore, Ocean Avenue and the broader area surrounding the development site are quickly transforming into a vibrant, affluent community.”
“This project is a great example of the kind of debt deals we want to offer investors,” added Clinton. “It offers a strong interest rate (9%), a short term (9 months), relatively low leverage (under 65% LTV) and is secured by a first lien on the property itself.”
Developed in partnership with Mission Capital Advisors, a national real estate capital markets firm that has closed more than $65 billion in real estate financing and loan sales, EQUITYMULTIPLE is led by a team that possesses a long history of transaction execution and client service excellence. In the new industry of online real estate investing, EQUITYMULTIPLE’s seasoned management and investment teams stand out and ensure that the platform provides investors with compelling opportunities.
EQUITYMULTIPLE is led by Clinton, a real estate attorney who worked on a variety of multi-billion dollar transactions for clients such as Blackstone and KKR, and Chief Investment Officer Marious Sjulsen, who previously worked in real estate private equity and development for nearly a decade. The leadership team also includes Mission Capital executives Peter Shankar, David Tobin, Stephen Emery and Jordan Ray. EQUITYMULTIPLE leverages its partnership with Mission Capital to source deals from experienced real estate lenders and operators.
The San Francisco debt offering comes on the heels of EQUITYMULTIPLE’s recent equity raise on behalf of Bushwack Capital, which is developing a $7-million, mixed-use project in the Brooklyn neighborhood of North Bushwick.
“By providing the opportunity to invest as little as $5,000 in projects that have been rigorously evaluated by a team of real estate capital markets veterans, EQUITYMULTIPLE allows investors to build a diversified portfolio of real estate just as easily as they would build their stock portfolio,” Clinton said. “The response so far has been tremendous, with investors ranging from first-time real estate investors to real estate industry leaders. As we continue to improve the platform, while working with Mission Capital to bring the best deals to market, we expect to experience continued growth and success.”
More information on EQUITYMULTIPLE can be found at www.equitymultiple.com.
EQUITYMULTIPLE is an online marketplace that facilities more accessible, efficient and transparent real estate investing by combining innovative technology with real estate experience. The platform connects sophisticated accredited and institutional investors to pre-vetted investment opportunities offered by experienced real estate lenders and operators. EQUITYMULTIPLE leverages the experience and industry connections developed by its partner, Mission Capital, over its 13-year history. EQUITYMULTIPLE’s goal is to facilitate better, more efficient real estate investing, while providing a powerful set of analytics, reporting and management, and performance monitoring tools. Visit www.equitymultiple.com