Sharestates recently announced the expansion of its loan limits to fund real estate developers seeking up to $75,000,000 for Multifamily, Mixed-Use, and Commercial development. Sharestates has filled a void left by many traditional lenders to provide capital to small and mid-sized developers, and as the company’s client portfolios grew, it became necessary to increase its loan limits to be able to continue to serve its customers.
Co-Founder and Chief Executive Officer, Allen Shayanfekr, added, “When my partners and I founded Sharestates, many of the borrowers that we started financing single-family fix and flip projects for are now doing larger multifamily, mixed-use and commercial developments. Our support has allowed these developers to scale their businesses to where they are today. We’ve taken some clients from their first project to hundreds of completed projects. Increasing our lending capability will allow us to continue to offer the same white glove service for the larger projects in our client’s portfolios, while also expanding our loan products to a new set of developers that require larger loan limits.”