GREAT NECK, N.Y., May 1, 2017 /PRNewswire/ -- Sharestates, the fastest-growing online real estate investment marketplace, announced today the launch of its new financing capability, Shareline Solution, which puts Sharestates forward as a strategic financing partner for lenders across the country.
Working with both institutional investors and its legal team, Sharestates has created the first correspondent lending program for real estate crowdfunding and real estate marketplace lending, which it will begin to roll out this month. The product was created specifically for the private lending community as a method of collaboration between Sharestates and other lenders.
With this solution, Sharestates will tap into more geographical regions by working directly with local, private lenders through strategic partnerships. Lenders using Shareline Solution will be able to offer financing through the Sharestates platform, while still controlling the process of the loan qualification.
"As the company expands its geographical footprint, it saw great demand for this kind of product. We took the process, referred to in traditional banking as correspondent lending, and gave it our own unique touch," said Sharestates CEO Allen Shayanfekr. "Since private lenders are not in the business of brokering loans, we created a financial product that meets their needs and goals, and contributes to our long-term goal of being a trusted source of lending across the country."
The Shareline Solution is a unique hybrid between lending and brokering a loan. It allows private lenders the ability to utilize Sharestates warehouse lines and lending capabilities to directly service their clients under their own brand, while Sharestates holds the underlying paper and servicing rights.
For more information, please visit: https://www.sharestates.com/sharestates-shareline-financing-program/
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.
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