GROUNDFLOOR Stimulus Program Launches To Keep Real Estate Development Capital Flowing During COVID-19

PR Newswire | April 13, 2020

GROUNDFLOOR, the wealthtech platform that allows everyone to build wealth through real estate, announced the launch of a new program to ensure capital for residential real estate development continues to flow during the COVID-19 financial crisis. Under this program, investors will earn an additional 4% interest rate bonus for 90 days on qualifying investments. A diverse range of over 60 loans currently funding qualify for this program, in addition to future loans slated to be funded in the coming weeks. Our community of individual investors is a powerful force that is keeping the value chain of real estate finance moving forward on fair terms for all," said co-founder & CEO Brian Dally. "The GROUNDFLOOR stimulus program rewards investors for stepping in to provide real estate entrepreneurs and developers with the funding they need to keep their businesses, and our economy, moving.

Spotlight

CBRE has launched its inaugural Asia Pacific Occupier Survey, which reveals that cost management.

Spotlight

CBRE has launched its inaugural Asia Pacific Occupier Survey, which reveals that cost management.

Related News

REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT

SVN® Expands Presence In Florida with the Addition of SVN | Waterfront Commercial Realty

SVN | September 20, 2022

SVN International Corp. (SVNIC), a full-service commercial real estate franchisor of the SVN® brand, announces the addition of its new franchise office, SVN | Waterfront Commercial Realty, based in Jupiter, Florida. Operating as a branch of SVN | Florida Commercial Real Estate Advisors for more than ten years, SVN | Waterfront Commercial Realty is an established commercial real estate firm led by Managing Directors Robert Hamman, Keith Kidwell, CCIM, SIOR, and Jerry Anderson, CCIM. Now, SVN | Waterfront Commercial Realty is expanding their geography and specialties into the Jupiter and North Palm Beach markets. The firm’s specialties include land, marinas, restaurants, high profiles businesses with real estate on the intracoastal, general office, and retail. “After more than ten years as a successful SVN Advisor, I was thrilled about the opportunity to start a business partnership with a top commercial real estate brand, For Hamman, SVN was the only choice. With SVN, we gain the visibility and technology of a global brand, plus access to a strong network of SVN Advisors spread across the country.” -Managing Director, Rob Hamman Through this strategic partnership, SVN | Waterfront Commercial Realty plans to expand with new offices in Stuart, Palm Beach Island, and North Palm Beach. As the east coast of Florida continues its phenomenal growth, we are positioned perfectly to assist investors and other owners of commercial real estate. Our expansion bodes well to serve our existing clientele as well as new clients. About SVN | Waterfront Commercial Realty SVN | Waterfront Commercial Realty is a successful CRE brokerage firm serving the Jupiter and North Palm Beach markets. The firm’s specialties include land, marinas, restaurants, high profiles businesses with real estate on the intracoastal, general office, and retail. About SVN® The SVN organization is a globally recognized commercial real estate entity united by a shared vision of creating value with clients, colleagues, and our communities. The SVN brand is comprised of over 2,000 advisors and staff in more than 200 offices across the globe in six countries. Our brand pillars represent the transparency, innovation, and inclusivity that enables all our advisors to collaborate with the entire real estate industry on behalf of our clients. SVN’s unique Shared Value Network® is just one of the many ways that SVN advisors create amazing value with our clients, colleagues, and communities.

Read More

REAL ESTATE INVESTMENT

Clever Real Estate Announces Partnership with Fintech Company Total Expert

Clever Real Estate and Total Expert | August 29, 2022

Clever Real Estate, known for its service of matching home buyers and sellers with top real estate agents at a lower commission, announced it is teaming up with Total Expert, the only CRM and customer engagement platform purpose-built for modern financial institutions, to provide a seamless communication process between Clever's concierge team and its customers' loan officers. Clever provides home buyers and sellers with a white-glove service that matches them with vetted local real estate agents from major brokerages nationwide, negotiates better commission rates on their behalf, and guides them through the entire process. The integration with Total Expert will enhance these services by allowing lenders to receive updates in real-time about their borrowers, maintain fluid communication between agents and lenders, and help consumers reach their homeownership goals. "Now more than ever, consumers are looking for a trusted advisor to help them navigate current market conditions and reach their financial goals, We're excited to partner with Clever and strengthen customer relationships with timely, relevant communications." -Josh Lehr, Senior Director of Partnerships and Industry Technology at Total Expert Total Expert will provide loan officers with a 360-degree view of their customers and empower them to stay closely connected throughout the home-buying process. By leveraging data-driven insights and intelligent automation, lenders will be equipped to provide a more personalized and efficient experience to their borrowers. We are thrilled this new integration will ensure that Clever customers will enjoy an even more streamlined process and eliminate some of the stress of communicating with multiple parties that typically comes with real estate transactions, said Tony Chahal, SVP of Partnerships at Clever. These targeted customer journeys are only one step in Clever's ongoing mission to ensure that people can buy and sell real estate more easily and affordably. The news of the collaboration follows Clever's recent executive hires, as the startup company continues to see major growth and success despite headwinds in the real estate market. About Clever Real Estate Clever Real Estate was founded in 2017 with the sole mission of making buying and selling real estate easier and more affordable for everyone. Clever's primary service matches sellers and buyers with vetted local real estate agents, providing a lower rate for the client and leads for the agent simultaneously. To date, Clever's agent network includes 12,000 agents across all 50 states. About Total Expert Total Expert delivers purpose-built CRM and data-driven customer engagement solutions for more than 175 modern financial institutions. The Total Experience Platform unifies data, marketing, sales, and compliance solutions to provide a cohesive experience across the customer lifecycle. Total Expert turns customer insights into actions to increase loyalty and drive growth for banks, lenders, credit unions, and other financial services firms.

Read More

REAL ESTATE TECHNOLOGY

HINES ANNOUNCES LAUNCH OF TAX-ADVANTAGED PLATFORM

Hines | September 21, 2022

Hines, the global real estate investment, development, and property manager, announced today the launch of Hines Real Estate Exchange (HREX), a platform designed to serve qualified investors interested in tax-advantaged investment opportunities. The platform intends to make 1031 exchange opportunities available to investors in the form of interests in Delaware Statutory Trusts (DSTs) holding assets sourced from Hines Global Income Trust (HGIT). HGIT will have an option to acquire the properties held by the DSTs. The HREX platform is intended to provide participants with a solution to aid in the deferment of capital gains and other taxes while providing them with the opportunity to diversify real estate holdings through the ownership of institutional-grade assets. "Hines Real Estate Exchange is a natural progression for the firm, Given the strong market demand for 1031 exchange products and Hines' vast experience and expertise as sponsor of HGIT, we believe the time is right to launch this initiative." -Alfonso Munk, CIO of the Americas and president of HGIT Many exchangers are eager to capitalize on existing pricing environments. A growing number of financial professionals are requesting DSTs to offer their clients tax-advantaged solutions on their platforms, said Mark Earley, CEO of Hines Securities, Inc. HGIT features a $3.8 billion portfolio of commercial real estate investments that is nearly two- thirds weighted toward the industrial and living sectors. HGIT is diversified by geography and real estate sectors, with a focus on stable assets with strong long-term income potential. About Hines Global Income Trust Hines Global Income Trust, Inc. is a public, non-listed real estate investment trust sponsored by Hines. It commenced operations in 2014 and invests in commercial real estate investments located in the United States and internationally. About Hines Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 285 cities in 28 countries. Hines oversees investment assets under management totaling approximately $90.3 billion¹. In addition, Hines provides third-party property-level services to 373 properties totaling 114.2 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,530 properties, totaling over 511 million square feet. The firm currently has more than 198 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

Read More