Online crowdfunding platforms for real estate financing continue to emerge across the industry and in new marketplaces. The latest example: Sharestates has expanded and launched in Arizona.
Sharestates, an online real estate investment platform, announced its inception into the Arizona Banking Department roster of lenders as Sharestates Investments, LLC. With this launch, Sharestates will be offering its loan products to the real estate speculation and development community in a statewide effort.
Sharestates’ launch into Arizona coincides with its overarching goal of providing both borrowers and investors with a user-friendly and hassle-free way to make investments within the greater real estate ecosystem.
Sharestates continues to outperform the online real estate lending industry with originations exceeding $840 million since inception in 2014 with 2017 monthly totals averaging $43 million. Sharestates has funded more than 895 individual loans, providing an average return on investment of 10.42 percent.
“We would like to thank the Arizona Department of Banking for approving our application and allowing us this exciting milestone. Moving into Arizona is an opportunity for our company to make an impact on a growing real estate market,” said Sharestates CEO Allen Shayanfekr. “Growth, more importantly sustained growth, is essential for the stability of Sharestates. We are excited about providing borrowers in Arizona the premium services and products that have come to be expected from the Sharestates brand. We look forward to working in conjunction with the existing lenders and origination teams in Arizona to expand our footprint in this evolving movement known as real estate marketplace lending.”
While real estate marketplace lending continues to grow throughout the United States, Sharestates remains the preeminent resource for borrowers and institutional investors looking to optimize returns and make a significant impact on the industry. Sharestates’ new marketplace launch into Arizona will focus on not only growing the company as a whole, but subsequently the entire industry.
As a part of Sharestates’ launch into the Arizona market, the company will be attending the 45th Pitbull Hard Money Conference located at the We-Ko-Pa Resort and Conference Center in Scottsdale. The event will be held March 14-15, 2018.