PATCH OF LAND REACHES MILESTONE: $100 MILLION IN SHORT TERM
Posted: Tue May 03, 2016 6:58 am
On March 24 2016, Patch of Land announced that their platform has now originated $100 million+ in short term loans. As one of the leading real estate crowdfunding platforms, Patch of Land helps real estate professionals buy, fix, and sell undervalued residential and commercial properties. An even more exciting statistic is that $25 million has already been repaid to investors in the form of principals and interest!
“In 2013, we launched with the short-term, 12-month loan, which served to fill a huge gap left by banks and traditional lenders,” said Jason Fritton, CEO and co-founder at Patch of Land, “and we’re now launching a 24-36 month ‘mid-term’ product, which fulfills a growing need for medium term lending options.”
Read the article here: http://www.crowdfundingpr.org/patch-lan ... erm-loans/
“In 2013, we launched with the short-term, 12-month loan, which served to fill a huge gap left by banks and traditional lenders,” said Jason Fritton, CEO and co-founder at Patch of Land, “and we’re now launching a 24-36 month ‘mid-term’ product, which fulfills a growing need for medium term lending options.”
Read the article here: http://www.crowdfundingpr.org/patch-lan ... erm-loans/
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