Real Estate WEALTH Magazine | Page 74

crowdfunding Welcome To Your MONEY PATCH Article by Tim Houghten Money might not grow on trees, but funding portal Patch of Land may have invented the closest thing to it… W hether looking to grow your real estate investments with access to attractive capital, or boost your yields with passive income investments, this is one patch of the web worth checking out. Named one of Entrepreneur magazine’s ‘100 brilliant companies of 2015’, Patch of Land brings a unique twist to real estate lending and crowdfunding, and the proof is in the performance. base investment decisions on for those looking to put their capital to work. Recently, Patch of Land co-founder and CEO Jason Fritton provided a new perspective on how Patch has created a new model of peer to real estate lending. There are two things which really separate this platform from everything else on the landscape: < PIONEERING WIN-WINS > While peer-to-peer lending, and crowdfunding has been catching plenty of media attention, it hasn’t always been a walk in the park for fundraisers and funders. Until now the two main challenges have been the amount of work required for project promoters, without any guarantee of funding. And then a lack of track record, and organization to Realty411Guide.com 1. Patch offers ‘Pre-funding’, gives you your loan, and then raises funds from the crowd 2. Patch works together with institutional lenders instead of trying to replace them This creates a true hybrid where “real estate, finance, and technology, converge.” PAGE 74 • 2016 reWEALTHmag.com