Ft. Lauderdale based Open Source Capital has announced the launch of their accredited investor platform for real estate. CrowdBuilderFinancing wants to provide crowdfunding solutions for builders and developers. The new portal can help raise capital when banks are not lending.
Kyle Meyer, Managing Director of Open Source Capital LLC states:
“With the signing of the Jobs Act, there’s a lot of buzz going on about crowfunding for real estate projects.”
“It’s true that crowdfunding stands to revolutionize the way small real estate developments can get funded. Accredited Investors can now go online and research projects to invest in that were not publicly available prior to September 2013, when the new law went into effect.”
“As opposed to investing in a REIT, investors can select to invest in one deal at a time.”
Open Source Capital LLC, wants to simplify the investment process by issuing “Neighborhood Development Notes” secured by the real estate. These notes offer quarterly income, plus a profit participation in the project.
Open Source Capital’s lending platform wants to offers accredited investors:
- Confidence—the real estate projects we invest in have been vetted by our experienced investment professionals, employing due diligence techniques to maximize visibility into a company’s future prospects, and providing capital structuring expertise that can help to maximize a project’s potential.
- Transparency—professional, unbiased review of the business and the people behind it.
- Compliance—we work to help make sure that every real estate project we invest in has been properly structured and that the company is observing all rules, regulations, and best practices required for successful investing.