GREAT NECK, N.Y., Sept. 20, 2018 /PRNewswire/ -- Online real estate investment platform, Sharestates, today announced they will begin financing Non-Performing Loans (NPLs) in 46 states. NPLs, a vital component of the mortgage market, have traditionally only been available to investors with liquidity to purchase the note through institutional trading desks. Sharestates' NPL loan product now provides private real estate investors access to leverage, allowing for participation in the market and expanding their investment portfolios into this segment of the marketplace.
With this latest release, Sharestates has opened the NPL market up to a much larger pool of potential investors by offering to finance up to 80% of the unpaid principal value of the NPL. Ordinary investors, previously shut out of this market by all-cash buy-in requirements, may now participate with available financing options.
"As part of our mission and commitment to our community of real estate professionals, we are actively creating a streamlined financial participation matrix for borrowers and our buyers; starting prior to acquisition and evolving through the hold period of the asset(s)" said Sharestates Co-Founder and CEO, Allen Shayanfekr. "Our capital markets team has been working diligently to structure the right programs, covering all asset classes for borrowers, giving them the flexibility they need to grow their portfolio of holdings."
The new NPL program comes on the heels of the company's new 30 Year Rental Portfolio Loan with 10-year interest only payments that launched last month; the company's first long-term loan product. Since the company was founded four years ago, Sharestates has focused on bridge loan products covering all asset types. Yet, as the company grew into one of the nation's largest online real estate lenders, funding over $1 Billion in real estate transactions, they've expanded their array of loan programs to serve borrowers needs at all different stages of their real estate projects. The new NPL program is another example of Sharestates rapid growth as a leading private lender, filling the gaps left by traditional bank financing.
For more information about the company and its many real estate financing programs, visit Sharestates.com.
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.
(212) 201-0750 ext 8132