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Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Monthly Archives: June 2016

RealtyMogul.com Announces Another $7.5 Million of Closed Transactions

Online Crowdfunding Platform Helps Finance Several Commercial Property Acquisitions and Completes Raise for Single-Family Residential Fund

Press Release – LOS ANGELES - June 1, 2016RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced today the closing of five recent transactions, including four equity investments in commercial properties as well as an equity raise for a residential real estate fund. The platform’s investors funded $7.5 million through these opportunities, helping to finance multifamily, residential, office and retail properties.

“With these seven additional raises completed, we became the first U.S. commercial real estate crowdfunding platform to fully fund $200 million since our inception,” Jilliene Helman, CEO of RealtyMogul.com, states.

Highlights of the transactions include:

Ohio Multifamily Building with Growth Potential

RealtyMogul.com helped to finance the $20 million acquisition of Chesapeake Landing, a 256-unit multifamily property in Dayton, OH, closing a $1.6 million equity investment. The sponsor for the acquisition is an experienced real estate company that currently owns and manages over 3,000 multifamily units. Annual rent growth in the submarket is expected to average 3.51 percent over the next five years, making this an attractive time to invest in the area.

Office and Retail in Historic Downtown Savannah

Investors on RealtyMogul.com contributed $1.1 million in equity funding for the $7.5 million acquisition and renovation of 100 Bull Street, a 54,954-square-foot office and retail property in the commercial and tourist district in the heart of downtown Savannah, GA. Current retail tenants include Starbucks and Sperry-Topsider Shoes, while multinational corporation Regus is the office tenant. The sponsor will leverage the investment to perform renovations and lease the property’s vacant space. The property has in-place cash flow, with potential investor upside when the renovation plans are completed.

Well-Located Office Space in Florida

RealtyMogul.com provided joint venture equity for the $4.15 million acquisition of Cinnamon Tree Plaza, a 40,000-square-foot office property located in Tamarac, FL. The property is currently 86-percent occupied, with tenants including attorneys, marketing companies and medical servicing firms. The sponsor owns and manages over 669,000 square feet of office space in the South Florida market and intends to implement a new management plan and bring rents in line with market rates.

Preferred Equity for Single-Tenant Office in Ohio

RealtyMogul.com closed a $2 million preferred equity transaction to facilitate the acquisition of a 150,000-square-foot office property in Canton, OH. The space is 100-percent occupied by a single tenant, Synchrony Financial, a publicly-traded financial services company.

Joint Venture Equity for Single-Family Fund

RealtyMogul.com investors invested over $2 million in a single family fund. The fund currently owns single-family residential homes (SFRHs) throughout Southern California, Nevada and Georgia and will leverage the additional investment to acquire SFRHs under both “rent and hold” and “fix and flip” strategies. This is the second round of investments in the fund, bringing the total amount invested by RealtyMogul.com investors to over $3.5 million. The sponsor of the fund has previously invested more than $1 billion in over 6,000 SFRHs on behalf of institutional clients and private investors.

“Our investors have demonstrated an appetite for a range of real estate investments, and we’ve worked with high quality sponsors to offer an exciting variety of opportunities across geographies,” added Helman. “We are also increasing our investment amounts, demonstrating the growing importance of crowdfunding in real estate investing.”

About RealtyMogul.com

RealtyMogul.com is an online marketplace for real estate investing, giving individual investors real-time access to commercial real estate and professional real estate companies easier access to capital. Through crowdfunding, RealtyMogul.com gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. RealtyMogul.com partners with professional real estate companies to source investment opportunities and curates all of the investments. For these real estate companies, RealtyMogul.com offers JV and preferred equity as well as mezzanine and first position debt. For more information, visit www.realtymogul.com.

Equity securities are offered through North Capital Private Securities Corp., registered broker/dealer and member FINRA/SIPC.

British Success And Innovation Prove Attractive To Investors Joining Zenos Cars Equity Crowdfunding Round

  • Zenos Cars attracting funding through Seedrs to develop its next series of exciting models
  • Funds will facilitate a new range, building on the unique offer introduced with the E10 series
  • New models will help company raise margins and increase sales by 400% over next 3 years
  • Brand is 100% British, with 100% British-designed, British-supplied and British-built products
  • Innovative business model brings thrilling driving experiences to more people
  • Customer-centric approach of company wins over owners and investors

Press Release – London, 1 June 2016: British sports car brand Zenos has attracted a broad range of investors, since launching an equity crowdfunding campaign earlier this month. Investors have been drawn to the brand’s British identity and heritage, innovative engineering, customer focus and strong business model.

Zenos chose Seedrs, the UK’s No.1 equity crowdfunding platform for its planned £750,000 funding round, in order to accelerate development of its next models. The funding will enable the home grown sports car company to introduce next-generation products that build on the strengths of its first production models and appeal to an even wider customer demographic.

Zenos is fast on the road to becoming a UK success story. Production began in January 2015 and the factory is already running at full current capacity to meet demand, which has exceeded the company’s ambitious forecasts.

The cars Zenos produces are 100% British-designed, British-supplied and British-built by a vastly experienced team whose collective CV includes global brands McLaren, Tesla, Nissan, Lotus, Ford, Caterham and F1 teams. Its three-model range of sports cars have international appeal and sell to customers in nine countries including the US, China and Japan.

Mark Edwards, Managing Director of Zenos Cars, said: “Zenos represents the very best of British ingenuity, creativity and manufacturing ability. Our unique formula has resulted in one of the most distinctive, capable and thoroughly engineered lightweight sports cars available today – yet one of the most accessible. Our next models will retain this ethos, while adding broader appeal to drivers and passengers alike. Our crowdfunding round gives investors the chance to own shares in a world-class high-performance sports brand from as little as £10.”

Zenos was established in 2012 after its founders saw a gap in the market for sports cars that combine high performance with lower buying and owning costs. The company has approached the business in a unique way, using innovative solutions to ensure that its all-new products meet its demanding criteria and placing the customer at the centre of everything it does.

To date, more than £3 million has been invested in Zenos Cars, which has a full order bank throughout the summer and expects to sell 50% more cars in 2016 than in 2015. A three-model line-up has been part of the company’s plans since its inception, and the economies of scale achieved with the expanded product offering are expected to raise margins by eight percentage points. It is forecast that by 2019 sales will increase by 400%.

Tom Davies, Chief Investment Officer of Seedrs, added: “A British sports car manufacturer that employs innovation to deliver a better customer experience was always going to be appealing proposition. We are delighted to have Zenos fundraising on Seedrs and we look forward to seeing the brand bring its next range of ground-breaking sports cars to market.”

Zenos sports cars are ‘clean-sheet’ designs, created to provide excellent performance with plentiful cabin space, low running costs and an invigorating experience that can be enjoyed both by drivers and passengers. Its range includes the E10, turbocharged E10 S and 350 bhp E10 R, which can accelerate from 0 to 60 mph in just 3.0 seconds.

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