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Patch of Land is a private money lender offering real estate investors nationwide fast and reliable financing on Fix & Flip, Multi-Family, Commercial, Ground-Up and Rental properties.The company was a pioneer in the real estate crowdfunding space and operates an online portal that allows accredited investors and institutional investors to participate in private real estate debt with low minimum investments and high-yield returns on loans secured by a first-lien position. For more information please visit PatchofLand.comBuilding Wealth. Growing Communities.
Patch of Land aims to solve the problem of slow, inefficient, fragmented and obscure private real estate lending by using the latest technology, data and process efficiency to more accurately assign risk profiles and project viability, while greatly reducing time and cost of loan underwriting for borrowers with real estate projects that are overlooked or rejected by banks and traditional lenders.
PRODUCTS & SERVICES
Patch of Land provides a peer to real estate marketplace for crowdfunding, where it matches investors and lenders seeking alternative fixed income opportunities to borrowers seeking alternative sources of financing for their real estate investment needs. It serves borrowers across U.S. by connecting them to lenders and investors across the world.
Revenue earned from loan origination and processing.
Retail real estate lenders and Borrowers
PRIMARY PROBLEM SOLVED
Enabling real estate developers to get loans from investors across the globe through crowdfunding approach. Also, providing a high return on the loan value to the investors.
Patch of Land makes it easy for real estate developers to get funds for their projects in form of crowdfunded loans, with all technology and data driven due diligence of assessing risk and credit worthiness. Investors get high returns on their investments.
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $23.6 M · Apr 2015
Debt funding: 30.125 M(June 2017) and Conventional Debt: 99.7 M(Nov 2017).
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