Dear Clients and Investors,

Patch of Land, Inc and its team was acquired in July of 2021. As part of our continuing efforts to wind down legacy operations, we have discontinued the legacy online portal as of August 15th, 2023

If you require legacy records or have any questions regarding past investment projects, please contact us at this address: [email protected]. Tax statements will still be timely delivered to the client addresses we have on file.

The Patch of Land Blog

Learn about all the latest happenings.

The Chicago Tribune Covers Real Estate Crowdfunding with Patch of Land

This past Sunday, the cover story of the Chicago Tribune's Real Estate section highlighted real estate crowdfunding.  Mary Ellen Podmolik's article spoke about how crowdfunding platforms like Patch of Land are opening doors for home flippers in the Chicago area.

"For single-family homes and small multifamily buildings, the alternative financing tool is giving flippers with track records quick access to cash for projects that are injecting new life into neighborhoods and generating healthy returns to qualified investors."

The article explained how real estate crowdfunding works for both accredited investors looking for short-term/high-yield opportunities, and professional real estate developers looking for a new source of capital to help fund their rehab projects.  Patch of Land's CEO, Jason Fritton, expressed his thoughts on how real estate crowdfunding provides an alternative financing opportunity that has never existed before, "There's been a huge market gap and that's where we've been stepping in," explained Jason.

The growth of peer-to-peer lending and crowdfunding real estate has been tremendous over the past year and a half since Patch of Land began, "We're at that stage now where we're transitioning from a scrappy startup," Fritton said. "I've got 35 people, and we're hiring each week. We're starting to get to the point now where we've attracted mainstream interest from the heavy hitters. A year ago, (large investment funds) wouldn't touch us."

real estate crowdfundingThe article went on to highlight two of Patch of Land's Borrowers who are doing great work in the Chicagoland area - Michael Kevorkian (Owner of Private Ventures) and Landon Leighty (Owner of Hope Investment Partners). Landon Leighty's beautiful gut rehab of a home on North Lombard Avenue in Oak Park took center stage, showcasing the many opportunities available for remodeling of older homes into larger living spaces.

Related Video: Borrower Testimonial Michael Kevorkian

Patch of Land is proud to spread the message about real estate crowdfunding and all the positive benefits it presents for Investors, Borrowers, and Growing Communities. If you want to learn more about what initiatives have positively changed the landscape of Chicago's real estate market, take a look at our FREE analytic whitepaper - The Chicago Report.

Patch of Land Chicago Report
Also, i
f you're curious how Patch of Land can work for professional real estate developers and accredited investors, please visit Patch of Land’s FAQ section and learn more today.

If you want to learn more, take a look at some of the most commonly asked questions we receive about real estate crowdfunding on a daily basis and find out why so many people are crowdfunding real estate projects across the country with Patch of Land.
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If you still want to know how Patch of Land works for professional real estate developers and accredited investors, please visit Patch of Land’s FAQ section and learn more today.

2 thoughts on “The Chicago Tribune Covers Real Estate Crowdfunding with Patch of Land”

  • Fred

    Fred commented June 29, 2015

    Congrats on all the success, guys. I only heard of Patch of Land recently but I think what you're doing here is great!

    Marco Rivera

    Marco Rivera reply June 29, 2015

    Thanks for the great comment Fred. We appreciate your support and will continue to work hard to provide a positive outcome for everyone directly and indirectly involved in the process of crowdfunding and rehabbing neighborhoods across the country.

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