Sharestates was founded in February 2015 in the city of New York by Allen Shayanfekr, Radni Davoodi and Raymond Y. Davoodi, with a 20-year experience in insurance and real estate investment between them.
The main vision of the company was to form a unique marketplace that lowers the barrier of entry and gives all of the potential investors the opportunity to join in the process of real estate development.
It is an online lending platform, also known as real estate crowdfunding. The main focus of the company is to find suitable options for their borrowers and to help you return high yields on the investment.
It has a registry of high-quality borrowers that it constantly updates. It also enforces a detailed due diligence process to make sure the projects are properly evaluated and will live up to the standards and the unique requirements of investors.
Sharestates offers loans and investment opportunities in the field of real estate market. The company makes sure that the investors will receive constant passive income and allows the borrowers easy access to a fresh capital.
In addition to that, all of the transactions go through a secure platform, which allows investors to select locations and class of properties that fit their portfolio and tolerance of risk.
On the other hand, borrowers are offered unlimited access to multiple funding capabilities at market competitive interest rates. This allows you to focus on more important aspects, such as sales and the origination process, as you don’t have to worry about the source of capital.
As a borrower, you are also connected to a specially designed platform that allows you to submit your loan applications and track the flow of your funds.
How Does It Work?
If you wish to apply for a loan with Sharestates, there are two ways you are able to do so. First, there is an option to submit your real estate loan application through an online portal, or create an account with the company and submit your application through it.
After you have submitted your application, you will receive feedback in the next two business days and will be informed if your project is accepted or not.
Based on its complexity and the amount of money you need to borrow, the company’s representatives will send a term sheet, specifying all of the important details. The money will be provided soon after your agreement to the terms.
On the other hand, if you wish to invest with Sharestates, create an account, visit the Investment page on the company’s website and search for projects best corresponding to your investment criteria.
After you have found the right project, select the amount of money you wish to invest and hit the “Invest Now” button. You are able to link your bank account with your Sharestates profile, or the company can email you checks instead.
In addition, if you wish for your investment to grow faster, you are always able to submit the request for reinvesting your distributions.
Cost and Price Plans
The company connects private investors and institutions with real estate developers and secures funding at a much faster pace than, for example, the traditional application for a loan with the bank.
The size of loans goes from $100,000 to $10,000,000, with interest rates starting at 4.99%. On the other hand, you are able to start investing as little as $1,000 and expect an 8-12% annualized return on your investment.
You are able to get in touch with the company’s representatives by sending an email to [email protected] or through an online contact form found on the company’s official website. If you prefer a more personal approach, call +1 (212) 201 0750 instead.
The company doesn’t guarantee any returns and they expect the investors to carefully read all the relevant offering materials before they start investing in a project.
Sharestates is comprised of experts in the field of investing, insurance and borrowing money related to real estate development and as a result, they provide high-quality service.
They also prequalify all of the projects through a system of strict rules and offer a transparent view of the documents related to the projects.
However, the company cannot offer a 100% guarantee that you will not lose money on your investment. It’s all up to you to study all of the documents and figure out for yourself which project is worth investing in.
On top of that, in order to participate, you must be an accredited investor. There is no secondary market you are able to offer your investments in and you are required to hold on to them until the project finishes.
Competitors and Alternatives
If you are looking for an investment opportunity or need capital for your own venture, check out what other companies have to offer as well. Visit the websites of Realty Mogul, Fundrise and Groundfloor to see what deals you are able to get with them.
These websites are all similar to Sharestates, so if you weren’t happy with Sharestates’ service, try these out instead.
Where to Buy?
If you wish to invest or borrow money from Sharestates, visit the company’s website at www.sharestates.com/ and apply through their platform.
Whether you are looking to get profit engaging your funds, or you are looking to fill in the holes in your real estate developing budget, Sharestates is a unique marketplace offering you quick and easy access to projects and funding.