Sharestates’ CEO Allen Shayanfekr was interviewed by BISNOW and discussed how alternative lenders, like Sharestates, are taking advantage of opportunity zones.
What are Opportunity Zones and Why is Everyone Talking About Them?
Since the phrase “opportunity zones” hit headlines last year, real estate investors have been eager to see how they can invest in these distressed locations. Allen states “Bridge lenders got all excited about opportunity zones when the news broke last year, but we’ve been lending in these areas since we were founded in 2015,”. Opportunity zones became a conversation focus in 2018 after Congress passed the Tax Cuts and JOBS Act. OZs are intended to encourage longer termed investments in poorer areas causing community revitalization and economic reinvigoration.
Opportunity Zones and Sharestates
Throughout this interview, Allen mentions that “Sharestates has a history of helping developers inject new life into properties and communities that have gone overlooked,” which is at the core of the concept of OZs. To read the entire interview and learn more about how Sharestates provides investors with unique access to OZ loans, click the button below.