One of the biggest changes in the venture capital and small business capital industry over the past five years has been the massive increase in the amount of crowd funding that has taken place. Many entrepreneurs with a great business plan are idea are now able to raise tens of thousands of dollars through crowd funding within a matter of days.
While crowd funding has been great for business owners and entrepreneurs, seasoned real estate investors as well through iFunding are now getting into crowd funding. iFunding is an online crowd funding website that is designed to help real estate investors get matched up with real estate professionals that need either debt of equity for a specific project.
iFunding allows people interested in investing in real estate to invest from as little as $5,000 into specific real estate projects. Each real estate project is fully vetted by the iFunding staff to ensure that the project is viable and could provide a sizable return on investment. iFunding has provided a wide variety of projects from single family home conversions to commercial projects that have raised millions of dollars. The company also provides a range of asset classes that an investor can choose from including apartment buildings, retail, hotels, and office projects.
iFunding has turned into a very successful company thanks to the leadership of its founder and CEO William Skelley, who was recently named as a member to the Next Generation of Real Estate Leaders. William Skelley has a long and successful history in real estate investment and capital raising. Prior to starting iFunding, he founded a small investment bank that was able to origination over $2 billion in commercial real estate transactions while raising hundreds of millions of dollars in capital. He also spent some time at Rose Park Advisors, a hedge fund that was initially founded by a Harvard Busines School professor.
Along with many investors, William Skelley said on Twitter he sees significant potential in the growth of iFunding. The technology and concept is still growing and allows younger investors to partake in major transactions, which is something that would not have been available to them in the past.