Canada currently has four real estate specific crowdfunding portals : Brix RCR, Open Avenue , R2Crowd, and NexusCrowd. All of them are located in Ontario. Canadians can expect other new equity and debt real estate crowdfunding portals to emerge over the next twelve months. In the U.S., there are over 190 active real estate crowdfunding portals by my last count (list).
NexusCrowd, Brix RCR and R2Crowd focus on investment opportunities in the commercial real estate market. Open Avenue focuses on investment opportunities in the housing market.
All four of these real estate crowdfunding platforms are registered as exempt market dealers either directly or through a third party (R2Crowd relies on the registration of Waverly Corporate Financial Services Ltd.).
Canadian business owners (including real estate developers) can also avail themselves to debt financing through one of the new marketplace lending portals operating in Canada. FundThrough, Lendified, Lending Loop, Thinking Capital and OnDeck all offer a streamlined online alternative to bank debt financing. ATB Financial and InvestNextDoor are expected to offer further choice to small businesses in Canada in the second quarter of 2016.
You can learn more about Bret Conkin and his contact information at CrowdFund Suite.
Thank-you to the Greater Vancouver Home Builders Association for inviting Bret and I to speak at this event. It was a great event and it was great to connect with individuals passionate about building communities in the lower mainland.
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DisclaimerThe articles on this blog are not intended to create and do not create, an attorney-client relationship. You should not act or rely on information on this website without first seeking the advice of a lawyer. This material is intended for general information purposes only and does not constitute legal advice. You are advised to contact legal counsel prior to undertaking any securities transaction. Laws change and there are subtle nuances to the rules that may apply in your particular circumstance.