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.
- We make it possible to invest and make a good return while also contributing to something good.
- We make it possible to get funding for projects that might otherwise be overlooked by traditional funding streams.
- We do this with complete transparency.
- We are expanding our borrower network throughout the United States, and aim to keep growing beyond borders. Our investor network is global.
- We have come a long way. We still have a long road ahead. The more of us who come together here at Patch of Land, the farther we will go.
What We Are
Patch of Land is crowdfunding real estate through its P2RE (peer-to-peer) online marketplace offering various typologies of secured real estate debt on assets backed by first position liens and personal guarantees. We match investors and lenders seeking alternative fixed income opportunities to borrowers seeking alternative sources of financing for their real estate investment needs.
What We Do
Patch of Land originates, underwrites and services loans, offering these back to accredited investors through Crowdfunding exemptions of the JOBS Act and SEC regulations: Title II, Reg D 506(c).
Patch of Land currently serves accredited, institutional and international investors.
Jason Fritton, a successful e-commerce entrepreneur, wanted to help repair communities across the country that were devastated by the real estate crash and implement changes to keep it from happening again. He was an early lobbyist for exemptions that would encourage and democratize capital formation for new business to be written into the JOBS Act (Jumpstart Our Business Startups Act). The law passed in 2012, including the crowdfunding exemptions he’d worked for.
He joined forces with his brother Brian Fritton, an award-winning enterprise-level software engineer and system architect with the same passion for encouraging growth through economic development – and state of the art technology, to put the opportunities the JOBS Act enabled into affect.
The Founders united their ideas, experience and resources to form Patch of Land, where transparency, low minimums, project-by-project investment and ease of transaction would set the stage for real change and real profit. AdaPia d'Errico soon joined the team, bringing her diverse proficiency in both name branding and strategic marketing as well as her banking and investor relations expertise to introduce Patch of Land to the world, to build the community and to help position the company to achieve its mission.