Our Crowdfunding Network Is Growing Part 54

Today we successfully sold through our first crowdfunded investment on our new site.  It was a $195k raise for a project on Overbrook in 78723.  This deal allowed us to structure management fees and this type of structure will set us up to grow more organically and hired staff going forward.

I had a good email exchange with Fundrise this week too.  It is pretty clear they're not going to work out as a partner for our projects given that they're focusing on commercial deals.  I honestly don't like the way they're structuring their exemptions either.  

iFunding is still a good option as a potential capital raise partner.  I still think they're the best of the third party crowdfunders for what we're trying to do.  Patch of land is also a good company for debt offerings and in general is run by quality folks.  Fundrise has smart folks working there, but their goals don't align with ours.  

We're in the process of structuring all of the contracts and legal for listing third party deals.  I have a deal that Bullseye Capital Real Property Opportunity Fund owns that we'll probably recapitalize and I also have a deal from a third party in Austin we'll do soon.  I hope to have both of these deals presented in early February at the latest.  

The best marketing for investors is absolutely finding and presenting great deals.  I expect our marketing processes and deal flow to be attracting many investors to our site soon.  We'll also have Inner 10 Capital, LLC set up soon after some meetings with The State Securities Commission to clarify carried interest issues with intrastate exemptions.