> Sharestates announces $30MM Investment by Ranger Capital Group

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Sharestates announces $30MM Investment by Ranger Capital Group

Sharestates, LLC (“Sharestates”) is thrilled to announce an investment by the Ranger Direct Lending Fund (“Ranger”), a pooled investment vehicle dedicated to direct lending investment. The Ranger Direct Lending Fund is advised by Ranger Alternative Management II, LP, a Ranger Capital Group affiliate. Ranger trades on the London Stock Exchange and recently completed a $200,000,000 public offering for investment in direct lending platforms.

Ranger Capital Group Invests Into Sharestates, Real Estate Crowdfunding Platform

Ranger Capital Group invests into Sharestates, a real estate crowdfunding platform. Sharestates and Ranger Capital Group have agreed to focus on debt offerings in New York State. Sharestates and Ranger are seeking to deploy up to $30MM in commitments in fraction and whole loan deals through sharestates.com. Ranger is intending to invest in residential, commercial, and mixed-use properties in New York, scaling their investments throughout the remainder of the year.

Allen Shayanfekr, CEO of Sharestates, LLC on relationship with Ranger  “On behalf of all of the team members at Sharestates, I want to express our excitement and appreciation over Ranger’s investment. The opportunity allows Sharestates to further enhance and diversify its product offerings while continuing to expand its relationships within the real estate community. It is truly a transformational deal for Sharestates, and a relationship we trust will only grow over time.”

“In our view, Sharestates is one of the most promising real estate platforms in the direct lending industry. Their on- boarding process was completely transparent and their management team was very easy to work with. We are excited to have them as a partner moving forward.” Bill Kassul, Partner in the Ranger Direct Lending Fund.

About Sharestates, Real Estate Crowdfunding Platform

Sharestates is an online real estate crowdfunding platform that allows investors to participate in unique pre-vetted real estate projects. Sharestates sources and qualifies potential opportunities and offers securities to accredited investors through a transparent online platform. Sharestates is based in Great Neck, New York, founded by Allen Shayanfekr, Radni Davoodi, Raymond Y. Davoodi. To learn more about Sharestates, please visit our website.

About Ranger Capital Group

Ranger Capital Group is an employee-owned holding company for registered investment advisors offering traditional and alternative investment opportunities to institutional and high net worth individual investors. Currently, Ranger affiliated investment advisers manage over $3 billion in assets.

For more information contact:
Kevin Shane, Investor Relations
(212) 201-0750

Source: http://www.prnewswire.com/news-releases/sharestates-llc-announces-30mm-transformational-investment-by-ranger-capital-group-300077321.html

Sharestates as an institution does not provide legal or tax advice. Use of any information from this article is for general information only and does not represent legal or tax advice either express or implied.  Readers are encouraged to seek professional legal and tax advice and assistance.

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