There are now numerous non-bank funding options available to developers and no shortage of lenders ready to deploy capital into quality projects with sounds fundamentals. The sector has matured over the last 2-3 years but there are many pitfalls (and a lot of jargon which we explain in the guide) to navigate. This guide looks to inform and assist developers considering non bank options for their projects. To download the guide, please click here.
Australia’s small-to-medium property development sector has received a lending boost with the launch of the UK’s CrowdProperty.
VentureCrowd is now the largest crowdfunding platform in Australia by volume of capital raised following its acquisition of SMSF Properties Australia.
The collapse in the value of cryptocurrency and a regulatory crackdown on scam initial coin offerings has not deterred a Melbourne start-up from raising $3 million to “tokenise” real estate on behalf of property developers or unlisted property fund managers like Charter Hall. Konkrete Distributed Registries is a joint venture between Estate Baron, a property crowdfunding platform backed by ASX-listed property group Charter Hall, and start-up accelerator Collective Campus. The start-up claims it can appeal to cryptocurrency investors, stung by a two-thirds drop in their portfolio since December, by offering tokens backed with tangible, less volatile assets. It also claims it will appease regulators by structuring its offer as a […]
ASX-listed DomaCom has taken its fractional property investing platform to the bush after tying up a partnership with rural start-up Cultivate Farms. Under the arrangement, Cultivate Farms will source appropriate properties from farmers looking to retire and match these to aspiring or next generation farmers with DomaCom providing the investment capital through its crowdfunding platform. To help get the project off the ground, AFL great and farming sector advocate Kevin Sheedy has come on board as ambassador. “The idea behind this project is to enable young farming families to get their foot on a property they can farm commercially, while at the same time enabling a retiring farmer to sell […]
Australia’s newest fundraising platform, Igniteme, is looking to push the crowdfunding barrow beyond its traditional confines, having raised more than $1 million since its inception. Igniteme, put together by Australia’s first winner of The Apprentice, Andrew Morello, and former Australian Property Institute associate Kristjan Geering, covers a host of funding options, including charity donations, and private lenders offering loan facilities. There’s also a crowd-sourced equity funding feature that will come into play once the Australian equity crowdfunding legislation comes into effect late next month. The platform’s biggest project to date is raising money for an independent Australian full-length documentary on NSW one-punch attacks called The Polisher. It’s a bit left-field […]