GREAT NECK, N.Y., Nov. 16, 2017 /PRNewswire/ -- Sharestates, an online real estate investment marketplace, announced today the launch of its new One Click Closing tool, a feature that will allow return borrowers to visit a page where they can upload all the details and documents required for a new loan, allowing for a seamless transfer of closing date information without further communications. The launch of this new tool coincides with the company's overarching goal of providing borrowers with a streamlined funding process, while providing them the opportunity to solely focus on identifying viable real estate investment opportunities.
With the new One Click Closing, return borrowers now have access to a simple, efficient way to submit specific details and documents pertinent to a new loan and receive a closing date on that loan without further communication. This new tool eliminates the unnecessary time it takes to review and process lengthy paperwork that can hinder the efficiency of the loan acceptance process. This feature will also offer the opportunity for the same underwritten entity to manage all of the necessary documents and details of a potential new loan in a safe, secure space.
"This tool is going to change the game for real estate investing," said Sharestates CEO Allen Shayanfekr. "We all know the phrase 'time is money' – well in this case, we are saving our borrowers both. Our team has done an exceptional job of helping our borrower base acclimate to an online solution to what was once an antiquated lending process. This new feature is a huge step for our industry and is sure to become a staple in the lending process for future platforms. We are excited about 2018 and have more features in development to help deliver on our missions statement."
Sharestates' new interface provides a user-friendly and client-focused tool, making investing in real estate loans hassle-free.
Sharestates continues to outperform the online real estate lending industry with originations exceeding $680 million since inception in 2014. Current run rates have Sharestates exceeding $1 billion in total originations by the beginning of 2018, with monthly totals averaging $42 million. Sharestates has funded more than 770 individual loans, providing an average return on investment of 10.62%
For more information, please visit https://www.sharestates.com or contact Michael Ramin, Vice President of Business Development, at (212) 201-0750, ext. 8140.
Sharestates is a real estate investment marketplace that allows individual and institutional investors to participate in rigorously vetted debt offerings. All of the offerings on Sharestates' platform have passed through a 34-point underwriting process. Founded by Allen Shayanfekr and real estate veterans, Radni Davoodi and Raymond Y. Davoodi of the Atlantis Organization, Sharestates has combined proprietary technology with a proven track record of business development expertise to become the fastest growing real estate crowdfunding marketplace, doubling every year since its 2015 launch.