Ifunding is a crowdfunding company that allows investors to invest in high quality commercial real estate projects with a small minimum investment of only five thousand dollars. This is in stark contrast to the typical requirement of fifty to one hundred thousand dollars often obliged by real estate developers to have an investment share in a project. Ifunding also helps real estate developers, home renovators, construction firms and housing developers quickly and effectively raise the capital they need from investors by crowdfunding through ifunding’s website.
The process of investing or raising capital at Ifunding is very simple. If you are an investor you select from over a hundred different projects available to invest in at the time. Detailed information is provided, including what kind of investment stake you will have such as whether it is preferred stock or a debt investment in the project. The estimated return is given as well as how long it will take to make a profit from your investment. Location, a description of the company in charge of carrying out the project and much more detailed info is proved on the investment.
Once you have chosen a project to your liking as an investor, you simply select it and after reviewing the terms you pay and invest a minimum of five thousand dollars. If the project does not crowdfund enough money to reach its target investment goal, then your money will be completely refunded. There will be no fees or charges, you get your money back and you are free to invest in any other project.
So who is the man behind ifunding? How was it started? CrunchBase tells us the man who created the ifunding company is William Skelley. He created ifunding when he saw a brilliant idea for alternative real estate investments. In an interview iFunding CEO Mr. Skelley made it clear he thought, why not combine the idea of crowdfunding with real estate investments? This idea lead to William Skelley creating a crowdfunding investment site that allows smaller investors to pool money together to invest in big projects that would only be available to wealthy investors and big banks.
William Skelley has been instrumental in new hires as MarketWired points out, and he has so far been involved with overseeing over two billion dollars worth of transactions at ifunding so far. He lives in New York City and Boston. Mr. Skelley is a frequent and notable speaker at conferences that discuss crowdfunding in real estate investment. Before starting ifunding William worked at General Electric and Olympus, as covered by Angel.co