Lending marketplace takes Top Real Estate Platform Award, says LendIt Fintech

Marketplace lending provider, Sharestates, connects real estate developers with those looking to invest in property. Recently the platform was recognized as Top Real Estate Platform at LendIt Fintech USA 2019, an event that took place in San Francisco, California. Criteria for winning this award is based on how well the platform performs, the volume it and handle, its growth or growth potential, the diversity of its product and how the stakeholders respond to it. 

Within the last five years, Sharestates has proven itself a leader when it comes to real estate. The platform is client-based, investing in the platform and its employees to streamline the lending and investing process.

"Sharestates has shown impressive growth over the past year while also providing great returns for investors. They deserve the LendIt Fintech Real Estate Platform of the Year for 2019," said Peter Renton, Co-Founder & Co-Chairman, LendIt Fintech._­

"To think only five years ago we walked into LendIt not knowing what to expect as part of an industry that was beginning to find its way into the financial marketplace as Private Lenders, and today we are acknowledged by our peers as a leader in the space," explains Co-Founder and CEO, Allen Shayanfekr. "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 LendIt Fintech for such an honorable 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 is keeping up with demand as it grows its offerings to meet the needs of the ever-changing practices of the developer-investor sector. Already operating in 46 states, the lending marketplace offers an array of asset classes including commercial properties, land acquisition, mixed-use, multi-family, and residential.

When it comes to the type of loans clients and sift through on the Sharestates platform, short-term, long-term and non-performing loans across various states of development, ranging from ground-up construction to stabilized properties, Sharestates has options for any of those needs. The platform also offers debt offering services, as well as equity investments which can be utilized through its Syndicate Profile platform. Whatever the need, Sharestates underwrites each project with care, offering a proprietary 34-point risk assessment scoring matrix.

Created in 2015, Sharestates has completed over $1.7 billion in total loan volume and has help return over $675 million principal to investors. Average annualized returns have exceeded 10% every year. As a result of its strong performance and valued relationships, 82% of Sharestates loan volume has come from repeat borrowers and 81% of its investors are repeat investors.

SOURCE LendIt
Edited by V. Haviland

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