In the past, it was difficult to access investment opportunities. With the introduction of iFunding, it has become convenient to engage in equity fundraising for properties. These properties range from condominium estates, resorts and retail locations.
iFunding acts as the link between real estate developers and the investors. This implies that accredited investors can utilize this platform to shop for various investment opportunities. With as little as $5000, an individual can contribute and participate in the investment property of their choice.
LinkedIn shows William Skelley was the founder of the company. To be candid, many thought that this was going to be another sham but this was not the case. By then, there was no company doing real estate Crowd funding successfully. Due to this fact, Skelley had carry out some ground work of defining the industry and finding a solution to this problem.
It began with smaller fundraisers so that investors could get their money back in time. This concept proved legible and the information rapidly spread. Today, it is a thriving company which has done over $40 million worth of business. It has its headquarters in Manhattan with over 5,000 accredited investors signed up to date.
In order to become an investor, there are various benchmarks that come in play. Accredited investors should have been making an income of $200,000 for the past two years or have a million dollars in liquid assets.
In 3rd February 2016, MarketWired shows that iFunding hired Daniel Drew as the vice president and the head of real estate. This followed after his demonstration of extensive experience and a proven track record of success. Among his responsibilities include expanding the organization’s business development and platform offerings for institutions and investors.
Early in his professional career, Skelley described in an intreview he used to run a boutique investment bank which endorsed various commercial projects. Some of the projects included hospitality properties and condominiums. Later on, he teamed up with Rose Park Advisors, a hedge fund, which later invested in a Crowdfunding platform known as CircleUP.
Today, Mr. Skelley is responsible for all business development activities at iFunding. He has been advising clients on transactions in excess of $2B across the capital structure. Nonetheless, he specializes in fundraising from accredited investors. Additionally, he is also a frequent speaker during industry events for talks about Crowdfunding and real estate finance. Follow the iFunding Twitter for updates.