Over the past five years, one of the largest changes to the private equity and venture capital industries has been the increase of crowd funding to help small businesses grow to the next level. Hundreds of new products are unveiled on an annual basis, which has helped small businesses to gain access to millions of dollars in capital needed to build prototypes or allow them to fulfill large orders. While crowd funding has normally been reserved for companies that are looking to build and sell products, it is now being used by a company to help people invest in commercial real estate.
iFunding is a commercial real estate brokerage firm that is using a crowd funding strategy to raise capital to purchase commercial real estate properties. iFunding raises capital from both individual investors, with starting investments as low as $5,000, up to institutional investors with millions to invest. Through its platform, iFunding allows investors to invest in a number of different asset types, which is ideal for anyone looking to diversify their investments.
The projects that iFunding has helped put together also range considerably. Some projects are small single-family home renovations with the intent to flip while other projects are significant multi-family community acquisitions intended to be repositioned. Many investors enjoy this opportunity as it gives them the chance to invest in real estate while not having to take on all the risk or deal with the day-to-day problems that real estate investors incur.
CrunchBase would indicate the concept of iFunding was initially developed and implemented by William Skelly, who is currently the company’s CEO. Before he started the new company, Skelley worked for an investment bank that underwrote more than $2 billion in various commercial real estate transactions while also bringing in hundreds of millions of dollars in capital financing. Skelley also spent some time at Rose Park Advisors, which is a fund founded by Dr. Clayton Christensen.
Due the success and implementation of iFunding, Skelley has received a significant amount of accolades from his peers. Skelley was recently named as one of the Next Generation of Real Estate Leaders, an organization that has been running for over 15 years. Skelley will join a number of different people from some of the top real estate and private equity firms in the country.