Sharestates launches a global varied term fund
GREAT NECK, N.Y., Jan. 18, 2023 /PRNewswire/ – Sharestates, a top real estate financial tech (fintech), platform, has announced that it will expand its investment offerings to include the Sharestates Global Varied Fund, a Pre Origination Note Fund (PONF). Sharestates’ PONF can be used as a funding vehicle for commercial loans that are originated and serviced through Sharestates. The PONF has a fixed interest rate, 6-, 9-, or 12-month terms. This will reduce exposure to economic shifts that could otherwise affect the underlying real property’s value. Global investors can also participate in commercial lending through Sharestates’ fund structures, in addition to Sharestates historic whole and fractional notes offerings.
The PONF is a legal and corporate structure that allows investors to indirectly invest in US-based debt.
“The Global Varied Term Fund by Sharestates is Sharestates’ answer to a demand brought to the Company from its domestic and foreign investors,” said Amy DoshiGeneral Counsel. “The PONF is a legal and corporate structure that allows international investors to indirectly invest US-based bonds. Sharestates expertise in commercial loans and its underwriting process allows them to use this structure to reduce barriers for entry.
Sharestates has been offering investors first-position Borrower Payment Dependent Notices (BPDNs), to help them earn a fixed return. Sharestates’ first PONF will allow investors to access a multi-asset exposure funds that can be used to pre-fund mortgages in the first position. This fund can then be syndicated on Sharestates’ online platform, or sold to institutional whole loan buyers. Investors will be able to take a minimal risk with the PONF, which will have a fixed interest and fixed maturity date.
Allen Shayanfekr is the Chief Executive Officer. He stated that investors around the world are increasingly looking for real estate debt opportunities because of its attractive yields and risk-adjusted nature. “We are thrilled to offer investors additional value with our first PONF, in addition to the BPDNs Sharestates offers with a track record that has less than 1% principal losses since the company’s founding.”
Sharestates’ Global Varied Term Fund is designed to provide high-yield and risk-adjusted returns for investors. It invests in a wide variety of residential and commercial property debt opportunities. Sharestates has successfully funded over $800 million to date. $3.5 billion Returned over $500,000 in US real property loans $2 billion Investors in principle
“Sharestates’ successful repayment of BPDNs since 2013 makes them uniquely qualified to offer investors a PONF,” said the spokesperson. Richard WisniewskiChief Investment Officer. “Our private debt focus offers attractive returns when compared to the wider credit market. Our ability to offer new opportunities for investors as the market shifts is key to the company’s growth in 2023.
About Sharestates
Sharestates is a private national lender that lends to non-owner-occupied residential or commercial properties. This company provides customized lending solutions to real estate developers. It has successfully funded more than $1.5 billion. $3.5 billion In projects across the country. Sharestates offers competitive pricing and the largest range of loan programs. Sharestates was established in 2013 and has been a significant source of private capital for real-estate investors across the country looking for short-term bridge funding for rehabilitation projects as well as long-term DSCR loan for rental properties.
From Sharestates funds loans $75,000 To $75,000,000 Residential (SFR 1-4), mixed-use, multifamily, and commercial properties. Its loan programs include residential bridge, fix & flip, new construction, portfolio, and rental loans. Sharestates is a partner of its developers and manages the servicing loans it originates. It also ensures that its developers receive the best repayments possible to meet their needs throughout the loan’s lifecycle.
Sharestates technology platform allows them to efficiently source and qualify investment opportunities for real estate projects across the country and create investment products that can then be resold and resold by accredited retail and institutional investors. The Company’s end-to-end technology and vertical integration approach to Sharestates allows it to achieve higher margins while leveraging its expertise.
Sharestates was founded in 2009 by real estate veterans. Their success is due to a strong leadership team and an easy-to-use platform. They also have sensible underwriting practices and a relationship oriented lending strategy. Sharestates works with brokers and direct borrowers.
To learn more visit invest.sharestates.com/global-fund
Contact an investor
Michael Kim
Private Client Relations VP
212-201-0750
[email protected]
To view original content, you can download multimediahttps://www.prnewswire.com/news-releases/sharestates-launches-global-varied-term-fund-301724120.html
SOURCE Sharestates