The Bisnow team interviewed Sharestates CEO and co-founder, Allen Shayanfekr to understand how private lenders, such as Sharestates, can solve the housing crisis. 

“What’s exacerbating the housing crisis is the persistent environment of ultra-tight lending standards put in place by commercial banks after the recession,” said Allen Shayanfekr, CEO of real estate crowdfunding platform Sharestates. Sharestates has been finacing real estate loans since 2015 and 32% of those loans are for multi-family properties.  To read the entire article, click the button below.

 

 

 

Sharestates SVP of Marketing, Justin Peterson was interviewed by the MPA team in regards to the state of the single-family home market and how multifamily housing could be the solution. “For many people who thought their first home would be a house with a white picket fence, a multi-family’s a good option just because it’s much more affordable. If you’re in the port cities on the coast, affordability is a big issue. It absolutely offers an option for homeownership that doesn’t exist in some of the high cost, high tax areas,” said Justin Peterson, SVP of marketing at Sharestates.

To read the entire article click the button below.

The Mortgage Professional of America magazine wrote a response piece to one of Sharestates’ blog posts regarding investment trends for the remainder of 2019. Among the key trends are finding the right real estate crowdfunding platform diversification, the important role of high net-worth investors, and competition amongst hard money lenders.

To read the original article, click here.

To read the entire MPA aricle, click the button below.

alternative lendersSharestates’ 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.

cre crowdfundingSharestates Co-founder and CEO, Allen Shayanfekr spoke to the BISNOW team about the evolution of real estate crowdfunding since its 2012 inception. Shayanfekr also discusses how some platforms were able to remain successful while others had to close their doors. Check out a snippet below and click the button to read the full article.

When the federal government signed the JOBS Act into law in 2012, it breathed life into hundreds of new commercial real estate companies offering cheap capital sourced from massive pools of small, private investors. The age of crowdfunding had arrived.

Since then, most crowdfunded CRE lenders have consolidated, been acquired or folded. For the few that have found success, the journey to profitability has been a struggle to remain independent, serve their customers and carve out a niche within the crowded CRE lending space.

“You can find bad CRE deals all day long — that’s what a lot of crowdfunding platforms did, and it’s why they’re no longer around,” Sharestates co-founder and CEO Allen Shayanfekr said. “The more you grow in real estate, the more nuanced and complex the industry becomes. Having a strong background in real estate before getting into crowdfunding is why Sharestates prospered where others disappeared.”

Sharestates has won the 2019 Lendit award for Top Real Estate Platform! We are delighted to receive this award in recognition of our growth, innovation and overall contribution to the new real estate lending ecosystem. Sharestates has been a sponsor and active exhibitor at Lendit for the last 4 years, starting with our first startup pitch at Lendit’s PitchIt session in 2015.

“It’s humbling, and we look forward to continued success through strategic partnerships as well as being part of a monumental financial movement. On behalf of our organization, I’d like to thank the Academy for such an honorable and humbling award. We are very excited about the coming year, and our product rollouts. The community spoke, we listened, and we’re ready to execute!” – Sharestates CEO and Co-founder, Allen Shayanfekr

Sharestates LendIt Fintech Award

With big-name development projects hogging the spotlight, the wave of small development projects sweeping across the U.S. has largely gone unnoticed. “Fix-and-flip” properties make up almost 6% of national residential sales, according to Attom Data. In certain markets, flippers account for a third of all residential units sold.

Despite the growing popularity of flipping residential and multifamily properties, the hard-money lending that flippers rely on to finance their purchases has remained stubbornly archaic. But a few operators are now offering new ways to finance the small projects that are becoming the norm.

“Fixing and flipping properties has been a great business model for years, but hard-money lenders have kept the industry from really taking off,” said Michael Ramin, director of business development at Sharestates, a real estate crowdfunding platform that has financed thousands of small development projects. “Now that they have other financing options, flippers can scale their businesses beyond just a few properties and grow it into a real practice.”

Sharestates has won the 2019 Innovator of the Year award presented by the Pitbull Conference! We are delighted to receive this award in recognition for pushing the Private Lending Industry forward through our innovative online crowdfunding platform; forever changing the way business is conducted. Sharestates has been a sponsor and active exhibitor at the Pitbull Conference for the last 4 years.

GDP growth came in at 2.3% for the year in 2017, and a whopping 4.2% in Q2 2018. Consumers are buying confidently provided that tax cuts will improve yearly income even despite stagnant wage growth. Sharestates multifamily clients are anticipating that U.S. rent growth should maintain its current pace, largely thanks to cities in the South and West, where supply hasn’t outpaced demand.

Multi-family real estate is a staple in the real estate investment community. According to Sharestates CEO and Principal Allen Shayanfekr, “Despite moderating elements, because the economy is healthy, the apartment market is similarly healthy, even if the boom from earlier in this economic cycle has tapered off. ” He goes on to say “Our multifamily clients are anticipating that U.S. rent growth should maintain its current pace, largely thanks to cities in the South and West, where supply hasn’t outpaced demand.”

Read Allen’s full article in Forbes today by clicking the button below.

Since the financial crisis of 2008, there have been varying speculations regarding the health of the retail industry. The bankruptcies of huge retail companies such as Sears and Toys “R” Us add to that speculation. What are real estate investment experts saying about the overall state of retail today?

According to Sharestates Chief Operating Officer, Nicole Joseph “Retail is alive and well. The landscape of the retail market is in flux for certain industries, though, presenting new and unique opportunities for real estate developers and investors. Mixed-use developments and last-mile warehouses will prove to be lucrative investments in the current climate, but both will require careful analysis of local market conditions and demographic trends in the area.”

Read the entire article via the Mann Report, by clicking the link below.