Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to Sharestates, the online portals provide lenders, borrowers, and third party vendors involved in the developmental stages to obtain and procure loans.

The platform stated its solution was designed by its development team alongside CEO and Co-Founder Allen Shayanfekr with UX and functionality in mind – now offering investors a streamlined “one-stop shop” in real estate financing. In launching the new online portals, Sharestates is reportedly incorporating engineering, audience development and content for a fresh and crisp user experience aimed at helping users simplify the money lending and borrowing process. The portals now include interfaces for borrowers, brokers, bank attorneys, settlement agents, and title companies. The investment portal noted it plans to add interfaces for inspection companies and appraisers over the coming months.

Speaking about the developments, Shayanfekr stated:

“As we continue to strive to be the nation’s leading private lender, Sharestates identified the lack of a true user experience throughout the real estate investing arena,” said . “The need for a fully functional website that has the tools and simplicity to allow for seamless business transactions is paramount in the real estate investment space.”

Sharestates’ new online portals will also provide investors with the ability to remove the tedious and timely human factor that is implicit with securing borrowed money and instead, live and breathe reactively within Sharestates. The portals now connect various systems and functions of a site, such as underwriting and processing, that are normally independent of each other and will create compatibility between them to ensure cohesiveness. Additionally, the online portals will host all activity, documents, and updates in one place, which can be updated, completed, and submitted accordingly. Further saving time and confusion while simplifying the process digitally. Shayanfekr added:

“While not web designers by trade, we realized that there was a true lack of functionality and simplicity throughout the real estate investing space, compared to many other industries. This was not in existence before and now it will bring our crowdfunding industry up to speed to ensure that our customers receive the highest quality product within a reasonable and fair time frame.”

Sharestates, an online real estate investment platform, announced on Thursday the launch of new online user portals that fully optimize the real estate investment process from beginning to end, providing investors with the first ever UX solutions in the real estate investment industry. According to Sharestates, the online portals provide lenders, borrowers, and third party vendors involved in the developmental stages to obtain and procure loans.

The platform stated its solution was designed by its development team alongside CEO and Co-Founder Allen Shayanfekr with UX and functionality in mind – now offering investors a streamlined “one-stop shop” in real estate financing. In launching the new online portals, Sharestates is reportedly incorporating engineering, audience development and content for a fresh and crisp user experience aimed at helping users simplify the money lending and borrowing process. The portals now include interfaces for borrowers, brokers, bank attorneys, settlement agents, and title companies. The investment portal noted it plans to add interfaces for inspection companies and appraisers over the coming months.

Tis’ the Season of Giving

Real estate firms give back to their communities by helping maintain a vibrant real estate market. Fix and flip investors renew housing stock, and commercial lenders facilitate transactions that would otherwise go no where. But this does not come close to the ways real estate firms and agents find to give back to the communities that support their livelihoods.

1: Food Drives

Branded grocery bags distributed through an area may not always come back filled with can goods or other non-perishable items, but they do put the firms name in front of prospective clients. This does not need to be a seasonal activity either. Local food pantries will accept donations at any time of the year.

2:Habitat for Humanity

Can there be a more natural relationship than for a real estate firm than to participate in a Habitat for Humanity project?  From financial underwriting to swinging hammers, the opportunity to build reasonably priced homes is a great opportunity to add value to a community and build brand recognition. If the firm is large enough it can undertake the construction of an entire home

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3: Toys for Tots

This seasonal drive sponsored by the United States Marine Corps Reserve collects toys for children whose parents cannot afford to give them presents at Christmas. The real estate office can be used as a drop-off location, and agents can be involved in various Toys for Tots fund-raising activities. Depending on the proximity of the office to a military installation, this can be a very effective marketing strategy.

4: School Supplies

With cuts in education funding in many school districts, students are being asked to bring a list of basic supplies at the start of the school year. This is another seasonal need that creates the opportunity for distributing branded shopping bags. Door-to-door distribution of the bags in mid-summer is relatively easy, particularly in northern climates.

5: Special Olympics

This program that brings the joy a sports and competition to the developmentally disabled is heart-warming in its own special way. There are a variety of ways to get involved, from volunteering at Special Olympics events to fundraising for trips to larger competitions. Firms sometimes arrange for outings for Special Olympians, such as trips to professional sporting events.

6: Personal Needs

With escalating medical bills, it is becoming increasingly common to see fundraisers for individuals in a close community that are stricken with dread diseases. A firm that takes on such a cause takes on a real challenge because of the intense personal nature of the fund-raising. A patient who succumbs to the illness can take an emotional toll on an office while requiring special sensitivity on the part of the agents who attend any final services.

This short list only scratches the surface of ways in which firms can get involved in giving back to the community. Each agent in a real estate firm probably has a charitable cause that touches their heart, and the firm can have a rotating drive focused on each in turn.

In addition, each community may have a special annual event, such as a holiday parade, that can be supported by the firm. With such events, a good rule is that the more personal the involvement the more effective it is. Time spent volunteering is more valuable than financial contributions, and puts the face of the firm’s agents out into the community.

Sharestates joined up with Orchard Platform, Wunder Capital, Lendit, and SeedInvest on April 25th, 2017 in New York City for the Alternative Investing Meetup (NYC Marketplace Lending Meetup.) Speakers at this meetup were Kevin Shane; Sharestates, Todd Anderson; LendIt, Matt Burton; Orchard, Bryan Birsic; Wunder, and Aaron Kellner; SeedInvest. This intimate discussion focused on what alternative investments will look like in 2017, offerings from the various platforms, and which platforms or opportunities sophisticated investors need to know about. To watch the video recording from the meetup, please refer to the clip below:

http://https://www.youtube.com/watch?v=aQNTUD8ZKq8

Register to Learn More About Marketplace Lending and Investing

Sharestates has teamed up with Orchard Platform, Wunder Capital, LendIt and AngelList to create the NYC Marketplace Lending Meetup! The meetup is taking place on Tuesday, April 25, 2017 in NYC. The discussions that will take place during this meetup will pertain to alternative investments, what alternative investments will look like in 2017 and what platforms and opportunities sophisticated investors need to know about.

RSVP For The Event

The event is hosted by Orchard and LendIt and will be moderated by Orchard’s CEO, Matt Burton; speakers will be Kevin Shane, Todd Anderson, Matt Burton, Bryan Birsic and Adam Carver. To learn more about the speakers please refer to the extended bio’s below:

Kevin Shane, Sharestates

VP of Capital Markets at Sharestates. His focus is on raising debt capital, while also playing a role in strategy for the Company. Kevin has been with Sharestates since three months after the company launched. Prior to Sharestates, Kevin was the Director of GSummit, where he played a major role in the growth of the gamification industry. Before GSummit, Kevin was an early employee at Lending Club where he first learned about the marketplace lending industry, ultimately driving his desire to work in the real estate vertical. Kevin graduated from Babson College with a focus in entrepreneurship and finance. Follow Kevin on Twitter @stogiemonster

Todd Anderson, LendIt

Todd Anderson has been with LendIt since August 2015. He is a key member of the content team that is responsible for industry coverage on LendIt News and crafting the agenda for LendIt’s global fintech events: LendIt USA, LendIt Europe and Lang Di Fintech in China. His role includes analyzing industry trends, understanding regulatory updates, breaking down investment announcements and leading the agenda process. He has been covering innovation in finance for the past ten years since graduating from New York Institute of Technology with a bachelor of fine arts degree in communications.

 

Matt Burton, Orchard

Matt has spent his career creating technologies and businesses that have transformed industries. In digital advertising he helped build, scale and optimize the Internet’s top advertising exchanges at Google, Admeld and LiveRail, which handled collectively handled trillions of transactions. As employee number seven at Admeld (which was acquired by Google for $400M in 2011) Matt played a central role in all aspects of the company, from product development to sales to operations. After Google, Burton joined LiveRail (which was acquired by Facebook for $500M in 2014) where he continued to focus on programmatic exchanges.

After transforming Online Advertising Matt changed his focused to Lending. In 2013 he founded Orchard Platform, where he and his co-founders are combining their expertise in auction dynamics and bidding behaviors, extensive knowledge in credit risk and underwriting analytics to reimagine the future of credit. Matt is also a three time Texas State Tennis Champion and loves racket sports and traveling the world.

Bryan Birsic, Wunder

Bryan Birsic, Cofounder and CEO of Wunder Capital brings extensive finance and capital raising expertise to Wunder, from private equity investing at Bain & Company to financing online commercial lending companies at Village Ventures. Notably, Bryan’s firm led early investments into commercial lending market leader OnDeck Capital. Along with his finance background, Bryan has built and led several companies that bring software approaches to new markets, most notably and recently SimpleReach, where Bryan was President and which has raised more than $15mm. Bryan attended Williams College, and moved with his family to Boulder from New York City several years ago.

Adam Carver, AngelList

Adam Carver leads partnerships and investor development for AngelList in NY. According to his LinkedIn bio “It’s the greatest job I’ve ever held.”  His mandate is to connect investors with entrepreneurs and ensure the AngelList network thrives.

Off the clock, Adam loves bringing people together. He is the co-chair of NYCVC.org, the largest networking body for NY venture capitalists. Similarly, Adam founded The Startup Egg breakfast series and also Startup Shabbat.

Adam summited The Matterhorn, Mt. Rainier, Mont Blanc and Kilimanjaro and is drawn to people who take the road less traveled. Adventure beckons.

RSVP For The Event

The housing market has moved past the bust, but it’s still finding its way to a boom, though things are building. According to Consumer Reports, in 2016, nearly 1.23 million new homes were built and this year analysts project that over $300 billion will be invested in home improvement. With that much likely to be spent on updating and renovating, the next question clearly must be – what’s going to add the most value? The following smart trends should help you decide on a few ideas for your home or real estate investments.

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Smart Security

Smart homes are not a new trend, but as innovations occur, more can be done at a lower cost. Topping the list of desired items are home security systems, security cameras, and easy charging and connection options. For security systems and camera, Ring just introduced their new product, a Floodlight Cam Security Camera, retailing for approximately $250. No more need for a traditional floodlight, since this hardwired device includes a motion-activated camera and floodlights. There’s also an 110-decibel siren alarm and a two-way talk feature that live-streams audio and video using a free app from Ring. You can virtually monitor your home or property from anywhere you get cell service.

Smart Appliances

Connected appliances and devices are easier to get and use when connected to digital voice assistants such as Google Home and Amazon Echo. All new General Electric appliances come WiFi-ready with their own digital assistant, Geneva – who can easily talk with Amazon’s Alexa. So if you need to preheat the oven, but you’re tied up in the other end of the house, if Alexa is close, just say, Alexa, ask Geneva to preheat the oven to 350.

This is a larger investment, but if the kitchen is already being renovated say with new counter-tops, back-splashes or cupboards, consider new connected appliances. Get them in a matte finish, since that too is a new trend that extends beyond the appliances to counter-tops and back-splashes as well. There’s one exception to that, though: marble! Marble is a major trend these days.

Smart Detector

If there’s a problem in the walls of a home, it can go undetected until it ends up being a very costly repair job, but smart tech provides a solution here too. One detection system, called Wally, is a wireless network that logs water leaks, humidity, and large changes in temperature and informs you via your smartphone. Or there’s a new product that will hit the market soon offering an internet-connected shutoff valve that detects water leaks and turns off the water automatically. That should be available on Sears.com starting in the Spring for only $200.

Smart Cleaning

You may already have a robotic vacuum, but the next big thing is a self-cleaning toilet. Yes, a bidet helps keep you get clean, but the new self-cleaning toilets mean they in turn stay clean with almost no help from you whatsoever. Lowes offers one for just $350. It has a built-in cleaning cartridge, an easy to remove seat, and it’s curved to make what little cleaning it needs that much easier. Other self-cleaning toilets offer UV light along with an electrolyzed water system to kill germs and keep things sparkling.

There are various high-tech innovations in development now. Imagine doing small loads of dishes while they stay in the sink, or a suction system built into the edges of the kitchen floor so crumbs get removed automatically, though there’s a current option that could work in until the future arrives.

Other High-Tech Options

Televisions don’t have to be seen anymore, at least not as a traditional framed television. Tech television makers can blend them right into a mirror, or have a transparent one that drops down from your ceiling only showing the screen when it is being used. If you’re looking for something unique and different, talk with an electronic system contractor to find out what the possibilities may be in your home.

Being immersed into the real estate world is hard enough. Understanding the unique real estate terms/lingo is important when dealing with business transactions because good communication is key. Here are some terms to help understand the specific terminology used.

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10 Commonly Misunderstood Real Estate Terms

1.Appraisal: This term is very commonly used but is also sometimes mistaken for other meanings. An appraisal is simply and assessment of the property to discern the price, it is done by a certified appraiser.

2.CMA (Comparative Market Analysis): A CMA also known as a comparative market analysis is a professional report that agents give to their clients. The purpose of this report is to enlighten clients on values of similar homes in or around the same area so that they can have a better understanding of what a realistic listing price is and or selling price.

3.Equity: Equity is a home owner’s interest in a property. It is the difference between the fair market value of the home or property and the amount still owned on its mortgage and other legal claims.

4.Escrow: To place something in escrow means that it is placed in the hands of a third-party until certain conditions are fulfilled. For example, a specific deposit that usually is put into escrow is the earnest money deposits. Earnest money deposits are taken out of third-party hands when they are delivered to the seller at the end of a transaction.

5.Lien: A lien is a legal claim against the property that needs to be paid off when it is sold. The new owner does not have full possession of the property until the lien is paid off.

6.Air Rights: Are the legal ability to utilize or have control over the space that is above a property. Air rights can play a huge factor because they can be sold, rented and in some cases leased.

7.Cooling off Period: Is a three-day interval for particular loan transactions. During this time if a contract is to be terminated it can be without any loss.

8.LTV (Loan to Value): Measures what percentage of a property’s appraised value or selling price is attributable to financing. LTV is examined before approving a mortgage.

9.LTC (Loan to Cost): is used to compare the financing of a project as offered by a loan to the cost of building the project.

10.ARV (After Repair Value): Is when a property is purchased in a less than great condition and is then repaired. The repairs add value to the home so that when it comes time to resell or flip, a profit can be made.

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Having a good grasp of these 10 real estate terms can be extremely helpful whether you are beginning your investment career or continuing one. Knowledge is power, the more you know the better off you will be at making the right choices for what you want. Being knowledgeable is a vital tool in any industry especially the real estate industry, so have fun and keep learning!

“Real Estate Terms.” Investopedia. N.p., n.d. Web. 27 Feb. 2017.

Ever wonder what buildings and or structures were crowdfunded? Some structures might be more familiar to you than expected. The following is a collection of crowdfunded buildings and structures that are listed from least to most amount of capital crowdfunded.

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Five Real Estate Crowdfunded Structures

1)The Tesla Science Center

The Tesla Science Center at Wardenclyffe, New York, USA also known as Friends of Science East, Inc. is the original site of Nikola Tesla’s Long Island Laboratory whichThe Tesla Science Center was built-in 1902 and consisted of 200 acres. Tesla’s idea was to have Wardenclyffe as a main location for a worldwide system of 30 Wireless plants. The plant would be used to send various messages, media content and broadcast electrical power. As of recent years the building is being converted from the facility to a science center and museum. Today, this location is dedicated to science and education. The total amount of money raised through crowdfunding methods is $2,700.

2)The Statue of Liberty

The Statue of Liberty itself was a gift of friendship from France to the United States in the 1880s. It is The Statue of Libertyacknowledged as a symbol of freedom and democracy. It sits on Liberty and Ellis Island located in the Upper New York Bay. This location had much significance during the late 19th and early 20th centuries because major influxes of immigrants came into the United States through Ellis Island. After much effort in the summer of 1885 and response from 160 thousand committed donors, $250,00 was collected. Today, $250,000 is actually worth around $6,651,505.82. In order for this pedestal to be funded 160 thousand people donated money to complete this project. As of 1924 The Statue of Liberty was declared a National Monument. Today this monument is managed and maintained by the National Park Service.

3)The Gut WeißenhausThe Gut Weibenhaus

The Gut Weißenhaus, Schlesqig-Holstein, Germany. It is located next to the Baltic Sea and about 62 miles (100km) away from the city Hamburg. The Gut Weißenhaus is a combination of historic buildings the earliest dating back to the 1550s and was recently made into a luxury resort containing the restaurant Courier which was awarded a Michelin star in 2015. In 2015 the total amount of money raised was €7,500,000 which is $8,246,100.

4)St. Patrick’s Cathedral

St. Patrick's CathedralSt. Patrick’s Cathedral, New York, USA. It is located in Midtown Manhattan on the east side of Fifth Avenue between 50th and 51st streets. The current day cathedral can hold up to 3,000 people. Back in the year 1853, Archbishop John Joseph Hughes had plans of forming a cathedral to replace the Old Saint Patrick’s Cathedral which is located further downtown. The estimation for this white marble, Neo-Gothic-Style new design was $850,000. With inflation that would convert to $26,562,5200 today. This cathedral and associated buildings were declared National Historical Landmarks in 1976.Join Now To Discover Simplified Real Estate InvestingÂ

5)The BD Bacatá

The BD BacataThe BD Bacatá, Bogotá, Colombia is the world’s first crowdfunded skyscraper. It stands “as the new icon of the renewal of downtown Bogotá.” Nearly 30 years have gone by since a skyscraper was constructed in Colombia. The BD Bacatá is the tallest structure in Colombia consisting of 67 floors in the South tower and 56 floors in the North tower. The skyscraper is also known for being the second tallest in South America. Around 3,800 people invested in this structure and raised more than $170 million.

 

As the crowdfunding industry grows so will the amount of projects that are crowdfunded. Keep your eyes open because you never know, one of your favorite buildings could be crowdfunded!

Photo Credits: Wolpin, Stewart. “Here Comes (Finally!) the Damn Tesla Musem. “The Huffington Post. TheHuffingtonPost.com, n.d. Web. 02 Dec. 2016.

“File: Statue of Liberty, NY.jpg. “Wikimedia Commons. N.p., n.d. Web 2 Dec. 2016.

“Die Farver Muhle.” Muhle Farve- Schloss Weissenhaus. N.p., n.d. Web. 02 Dec 2016.

“St. Patrick’s Cathedral – Holy Year Of Mercy. N.p., n.d. Web. 02 Dec. 2016.Â

“BD Bacata Sito Oficial.” BD Bacata Sitio Official. N.p., n.d. Web. 02 Dec. 2016.

“The risk associated to one single deal is not worth the potential downfall of your company, don’t straddle the gray line make sure you are doing things the right way.” Allen Shayanfker, CEO of Sharestates. Often times, entrepreneurs focus on the exposure and development of their business with less regard for industry rules and regulations. In order to successfully scale a business, entrepreneurs should not only pay attention to development and growth, but regulatory requirements as well.

Evolution of Sharestates

In just two years, Sharestates has grown to become a leader in the marketplace lending space. Sharestates’ full launch was in February of 2015 — since then the company went from a team of 3 to a team of 40. Sharestates growth has been tremendous with up to $1 billion in capital commitments and over $230 million in originations. According to Allen Shayanfekr “We are probably the fastest growing company in our vertical right now, we are on our way to doing $1 billion in originations from a 4% – 6% margin which is between $40 – $60 million in revenue.”

Evolution of Allen Shayanfekr, the Entrepreneur

Following a full ride to New York University , Allen Shayanfekr, ESQ attended Touro Law School graduating Magna Cum Laude and in the top 6% of his class. Early in his career, Allen worked in the real estate title insurance industry, with The Atlantis Organization. Over a family dinner, Allen and his now partners formed the concept for Sharestates. Keeping the mantra of “living your life the way other people won’t, in order to one day live your life the way other people can’t”, has lead Allen to become the CEO and Co-founder of one of the leading marketplace lending platforms.

Why Real Estate Crowdfunding Is A Good Way To Diversify A Struggling Portfolio 

Check out the video below to learn more about Allen Shayanfekr, CEO and Co-founder of Sharestates and the company: