iFunding

Making Real Estate Investing Simple Through Crowdfunding

This company and others may be fundraising.

New York, New York, US

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Company Overview

Why did you start the company?

iFunding (http://www.ifunding.co) is the joint creation of William Skelley and Sohin Shah. William attended the prestigious OPM program at Harvard Business School (HBS) where he met HBS professor Clayton Christensen, the World's foremost thinker on disruptive innovation. William joined his hedge fund that invested in companies that fit the theory of disruptive innovation, both public and private. One of the investments the fund made was in a company called CircleUp, the largest equity crowdfunding platform in USA which has raised over $23MM in venture capital money to date.

While working for Dr. Christensen's hedge fund, William realized that real estate industry was ripe for technological innovation, enabling individual investors and smaller institutions to participate in a wide range of investment deals, through an online marketplace offering comparable financial terms to those offered to the most wealthy in the past. We like to say that "iFunding is democratizing the real estate investment process."

Where can I quickly watch more about iFunding?

iFunding was selected as the only real estate crowdfunding website to present on CNBC's Power Pitch. We are proud to gain support from real estate super broker, Dolly Lenz, and CEO of Pantegrion Capital, Alicia Syrett, during this "Shark-Tank-esque" investment panel!

View the CNBC video here: http://www.cnbc.com/id/102254127

What sets the company apart?

Compared to other companies and approach that support real estate investments, the crowdfunding approach efficiently supports thousands of investors considering investment in particular projects, and provides extensive documentation and a pre-vetting process to support investors' decision-making. Compared to other real estate crowdfunding companies, iFunding is thought of by our customers as excelling at:

What are your keys to success?

KPIs

12 Employees

23.16% ROI

Traction

iFunding website goes live with its first deal
October, 2013
First time iFunding funds a deal in under a day
October, 2013
iFunding diversifies into offering 'new construction' real estate investments
February, 2014
iFunding diversifies into offering multi-family real estate investments
March, 2014
First time iFunding funds a deal in under one hour
March, 2014
Former NY Governor David Paterson joins iFunding
April, 2014
iFunding begins distributing returns from completed projects to investors
August, 2014
iFunding lists its first debt investment offering
September, 2014
iFunding diversifies into offering investments in real estate (multi-project) funds
October, 2014
Over $1M in reservations through Crowdfunder in 10 days
December, 2014
Nearly $30 million in real estate investments made on our platform last year
December, 2014
Founders from Harvard Business School and NYU with $2 billion of real estate underwritten
December, 2014
iFunding has been featured on CNBC’s Power Pitch TV show, as well as the NY Times, Wall Street Journal and Forbes
December, 2014

Testimonials

Jared Gossett
Co-founder, Gossett Jones Homes, Inc.

"I have worked with iFunding on multiple occasions, both as a sponsor and and investor. In both capacities I have found them to be utmost professionals, highly capable of structuring deals to optimize value for their investors and all stakeholders involved."

Anil Abraham
iFunding Investor

"iFunding provides a seamless transition into real estate investing. Their web platform affords a busy professional to quickly and succinctly decipher potential real estate investment opportunities and capitalize on them."

Sangeetha R. Ganesan
iFunding Investor

"My experience with iFunding made me feel they are committed to identifying and making attractive investments accessible. They place a strong emphasis on full transparency and genuinely establishing a relationship with investors. "

Nicholas Miller
iFunding Investor

"If the rest of the industry is as good as William and Sohin of iFunding, the crowdfunded real estate industry is in good hands."

Justin Pierce
The Washington Post

"Historically, real estate investing was limited to high net worth investors and private equity firms. iFunding has opened the opportunity to millions of individuals by lowering the minimum investment to $5,000. Crowdfunding is the future!""

William Skelley
Founder & CEO

"Real estate is a massive market with global assets worth $26 trillion and the iFunding crowdfunding platform allows investors to select properties and get into the game for as little as $5,000."

Sohin Shah
COO and Co-Founder of iFunding

"Crowdfunder allowed us to leverage multiple different mediums to market our deal. We used TV, the iFunding website, industry publications, blog posts and PR. What ultimately brought the most funding was emailing all the accredited investors in our network."