AssetAvenue
FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020
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About
AssetAvenue is a Los Angeles-based online lender that is using technology to improve the way people borrow money for real estate investment properties. Our innovative online platform and proprietary data models enable us to deliver new benchmarks for speed, transparency and flexibility that traditional banks can't compete with. We partner with institutional capital providers to fund loans in a matter of days. AssetAvenue is backed by some of the world's leading VC firms, including DCM Ventures, Matrix Partners and NetEase Capital. We were named one of the top 10 lending start-ups to watch and have been featured in numerous publications including the Wall Street Journal, Entrepreneur, Inc and Forbes. And yes, we're hiring! Check out our careers page to find out more!
MEDICI Analysis
AssetAvenue is an online peer-to-peer lending platform for commercial real estate loans. The Company provides quick and reliable access to competitively priced loans while offering accredited and institutional investors the potential to earn attractive returns. AssetAvenue offers bridge and transitional loans for commercial real estate such as office buildings, industrial properties, shopping centers, apartment complexes and luxury, non-owner occupied residential properties. The Property owners can borrow up to $10 million worth loans with the proceeds paid out over as many as five years.
Focus
PRODUCTS & SERVICES
P2P lending platform for real estate projects. It offers purchase and refinancing option for borrowers. It helps to make investment in real estate easier, faster and more transparent.
REVENUE MODEL
Company charges seperate fee for investors, borrowers and brokers: 1. Borrowers re charged loan orgination fee which includes third party services fee for loan request. 2. Broker follows pricing plans 3. Investors are charged 1% of total loans.
EXISTING PARTNERSHIPS
Partnered with LegalZoom for advisory support services
COMMENT
AssetAvenue offers crowfunding model for real estate projects to gear up more investments. It uses big data, sophisticated analytics and proprietary algorithms to expedite loan approvals.
Traction
VALUATION / MARKET CAP:
$73.33 M in 2015
People
FOUNDERS
David Manshoory
BOARD MEMBERS AND ADVISORS
Jason Lawrence Nazar
Jeffrey Lee
Candice Faktor
Farzad Abolfathi
Jack Ehrman
Petra Griffith
Richard Jun
Russell Meyer
NUMBER OF EMPLOYEES
11-50
INVESTORS:
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
2
TOTAL FUNDING
$15 M
SEED & PRIOR FUNDING
$4 M
FUNDING SERIES
SERIES A · $11 M · ---
LISTED
NO
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