Not very long. In many situations investments have been funded in just a few minutes and other loans may take several weeks to fully fund. As of May 2018, the average length of time it has taken to fully fund an investment offerings on the Patch of Land platform has been less than four days.

Any investment in an offering that has not been fully funded within 45 calendar days may be refunded upon request.

Once you make a commitment to an investment offering, you are obligated per the Investor Agreement and will begin accruing interest once the offering is fully funded. In the unlikely scenario that the offering does not fully fund within 45 days, Patch of Land shall refund an amount equal to one hundred percent (100%) of the principal amount received upon request.

Enacted in April 2012, the Jumpstart Our Business Startups Act (JOBS Act) fundamentally changed the way that entrepreneurs access capital. The JOBS Act was designed to encourage the funding or small businesses and startups by easing certain securities regulations for both issuers and investors. A few of the main provisions include:

• Removal of the ban on general solicitation, allowing companies to publicly talk about raising capital
• Easing the restrictions on the “accredited investor” requirement, allowing non-accredited investors (anyone over the age of 18 regardless of income or net worth) to invest in certain private placements
• Allowing the creation of online funding portals registered with the SEC for the purpose of equity crowdfunding (yet to take effect)
• Increasing the limit on the amount a private company could raise and be exempt from registering with the SEC

Read more: JOBS Act Review

Regulation A+ are the final rules promulgated by the SEC that were mandated by Title IV of the JOBS Act. The rules amended and expanded the existing exemptions under Regulation A by increasing the amount of capital smaller companies could raise through the offer and sale of securities. For more information about the requirements of Regulation A+, click here.

• The crowdfunding industry has grown 1000% in the past 5 years
• Crowdfunding contributes over $500 billion in funding per year
• Equity crowdfunding has already hit $662 million in the first quarter of 2015 and is expected to rise even further now that Title IV of the JOBS Act has finally been adopted
• Crowdfunding generates over $3.2 trillion in economic value per year

For up-to-date information check out CNBC Crowdfinance 50 Index

As our company continues to grow, Patch of Land is proud to be able to expand our product offerings into the commercial real estate lending space.  This move will allow us to provide more diversification across different asset types for investors and offers a viable long-term option to your portfolio.

Commercial real estate developers enjoy working with Patch of Land because of the following benefits we’re able to provide versus traditional and hard money lenders:

• Consistent and reliable funding – Gain access to a large pool of capital stemming from our network of accredited investors & institutional investor base.
• Speed to close – We know timing is everything. That’s why we’re able to close our commercial loans in 10-20 days on average, once all due diligence documents have been submitted and title is clear.
• Prefunded loans – Patch of Land funds your loan first so you don’t have to wait for the crowd.
• A nationwide reach - Our network of Investors spans across the United States.
• Ability to expand & grow your business - Take your business to the next level

Commercial Developers will typically utilize Patch of Land’s crowdfunding platform as a means of bridge financing.  This allows Borrowers to acquire the properties quickly and bring them to a stabilized state in order to sell, refinance, or execute another exit strategy.

The following are some of the commercial opportunities Patch of Land might offer:

• Multi-Family
• Office
• Industrial
• Hospitality
• Retail