Patch of Land prides itself on being the only real estate crowdfunding platform that prefunds all of our loans. We put our own skin in the game to give our borrowers the money they need to start working on their renovation projects right away. This is a key benefit for real estate developers who know how important it is to be able to gain access to a large sum of capital in a short period of time in order to take advantage of a lucrative opportunity before its too late.
Prefunding also has additional benefits for our crowd of accredited investors. Since all of the real estate investment opportunities you see on Patch of Land are prefunded after being scrutinized by our thorough due diligence process, our investors can rest assured knowing that we believed in each project enough to take on all of the initial risk. Not only that, but by prefunding our projects, crowd members invested in our projects are able to begin earning interest quickly -- 4 business days after an investment order is placed, and as soon as accreditation is verified. Once you are an active investor with funds on the platform, it can take as little as 24 hours.
Related Article: The Advantages of Prefunding
The many benefits of prefunding help Patch of Land stand out amongst other debt-based real estate crowdfunding platforms. We enjoy bringing lucrative real estate crowdfunding opportunities to the accredited investors on our platform, and will strive to maintain our competitive edge when it comes to being a fast and efficient alternative lending source for our developers looking to borrower funds all over the nation. To help take our abilities to the next level, we have chosen to raise funds for Patch of Land on Patch of Land on SeedInvest. If you are interested in investing in our company as we expand into the future, we encourage you to view our page here to support our mission.
Patch of Land Will Participate in the REI Expo / The Patch commented January 5, 2015
[…] alternative lending through real estate crowdfunding, peer to peer rehab lending, the benefits of prefunded real estate projects, and how to become a national real estate investor using Patch of Land's […]
Patch of Land: There's a First Time for Everything / The Patch commented January 9, 2015
[…] Related Video: The Benefits of Prefunding […]
newbie commented May 21, 2016
What happens if a deal POL has already prefunded doesn't get re-funded by the website's investors?
In other words, let's say POL prefunds the renovation of a home in Illinois at 150,000 USD. It then puts this deal on the website and sets a 120,000 USD crowdfunding investment available to the public (the other 30,000 USD in loan dollars POL keeps for itself). What happens if you never get to the 120,000 USD goal? Do you continue to take on the whole 150,000 USD prefunded loan? Or does something else happen? Thanks!