US commercial real estate crowdfunding platform iFunding boosts team of advisers.
iFunding's new advisory board will be made up of professionals from the financial services industry with significant experience in real estate, venture capital and peer-to-peer lending. They include Jason Jones, Co-Founder and CEO of Cardinal Rose Group; Alicia Syrett, Founder and CEO of Pantigrion; Greg Weingast, Executive Vice President for Van Metre Companies; and William Sipple, Executive Managing Director of HVS Capital Corporation.
According to the platform, each of the new additions will bring unique skills and deep knowledge to the company. Jason Jones is a widely-acknowledged technology expert and has a deep understanding of how the industry works. William Sipple is a real estate investment leader with a track record across deal production and bottom-line improvement. Greg Weingast has past experiences with acquisitions and structured finance in commercial and multi-family real estate.
The company believes that the new board will further contribute to building on the organisation's growth. William Skelley, Founder and CEO, commented:
“There are many exciting things to come this year. By creating the advisory board with seasoned professionals like Jason, Alicia, Greg and William, we are investing in the future of iFunding.”
Founded in 2012, iFunding offers accredited investors commercial real estate opportunities ranging from multifamily, office, industrial, retail, hospitality and land. Since inception, it has facilitated more than $20 million in investments across the United States. Only last year, it launched a new app – free for both Apple iOS and Android – with all of the same functionalities as are available on its website.
“Real estate crowdfunding is a new way investors are finding they can build their wealth. With financial experts guiding iFunding on how to mix disruptive ideas with investment best practices, together we will define the industry and iFunding’s success.”
Real estate crowdfunding is becoming extremely popular in the US. In addition to iFunding, the industry features a horde of fast-risers, including the likes of Patch of land – whose CEO was recently interviewed by AltFi, RealtyMogul, FundRise, SaundersDailey and many more.
Many in the sector argue that the real estate crowdfunding model can provide investors with stable returns from a real asset class with high levels of underlying security. After the bursting of the 2008 housing bubble, real estate crowdfunding represents a potentially radical new way of reinvigorating the US real estate investment market, and new players are bound to emerge. Watch this space.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.