Sharestates Launches New Loan Programs to Support Borrowers at Every Stage of their Real Estate Projects

GREAT NECK, N.Y., June 26, 2018 /PRNewswire/ -- Top online real estate investment platform, Sharestates, today announced the launch of a Long-Term Portfolio Loan Program to facilitate the needs of borrowers throughout the life cycle of their real estate projects. The launch comes as Sharestates continues their overarching mission of becoming the leading online real estate lender; providing a full spectrum of products for borrowers across the country, including another new Mid-Term Single Asset Loan Program coming soon.

"The launch of the innovative Long-Term Portfolio Loan Program is further validation that Sharestates is committed to providing our clients and prospective borrowers with the necessary products to facilitate all of their real estate financing needs," said Sharestates Co-Founder and CEO, Allen Shayanfekr. "Historically, we have focused on bridge loan products covering all asset types. Yet, as we continue to grow, we recognize the need to expand our existing array of loan programs to best serve our clients at different stages of their real estate projects."

Some highlights of the Long-Term Portfolio Loan Program include 30 and 40-year mortgage terms, interest rates ranging from 5.99 to 7.5%, loans with a 10-year interest only period, followed by 20 or 30 years of amortization, as well as the ability to cover three or more properties under a single loan. Borrowers will benefit from the Program by managing a single loan rather than managing multiple individual loans. Likewise, they will further benefit by paying interest only while improving their cash position and allowing their properties to appreciate in value and cutting down the time it would normally take to receive a traditional loan from a bank. "Our Long-Term program will be transformative for real estate developers looking for a faster, more cost-efficient process of transitioning from a bridge loan to a long-term solution," said Allen.

The launch of the Long-Term Portfolio Program comes on the heels of Sharestates' May 10^th achievement of receiving $1 billion in loans closed since its founding in 2014. The Long-Term Portfolio Program is another example of Sharestates incredible growth as a leading online real estate lender.

For more information, please visit: https://www.sharestates.com/

About Sharestates

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.

SOURCE Sharestates