AssetAvenue

lendingother lending

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:

BAM Ventures

Brendan Wallace

DCM Ventures

Launchpad La

Matrix Partners

NetEase Capital

NetEase.COM

Ron Suber

Tibor Nagygyörgy

Vectr Ventures

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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