CityFunders is a New York-based real estate crowdfunding firm that pools together investors for investment deals such as purchasing multifamily residential buildings, repositioning, repurposing and renovating buildings. Just recently, the firm is targeting healthcare investors.
David Behin, co-founder of the firm said that they have brought in several medical professionals, proposed by his father who is also a physician. They have agreed to the proposal and have set aside some funds to put into passive investments.
…good investment deals are good investments regardless of who are investing because they are all designed to generate good returns for everybody.
Even though the firm’s main goal is to appeal to healthcare investors, all deals will be open to other interested investors who are not from that particular demographic. The company has highlighted that good investment deals are good investments regardless of who are investing because they are all designed to generate good returns for everybody. Therefore they do not want to deny their members the opportunities to invest and get returns.
The typical investment amount for a deal at CityFunders ranges from $5,000 to $10,000. This has allowed many people to invest using the platform. The company has so far facilitated New York-based real estate deals worth about $85 million. They also support different kinds of property investment deals, provided they make sense and that they are able to get sponsors.
CityFunders and other crowdfunding firms are using technology to attract a diversified group of sponsors and create a wide range of investment opportunities. Investors from different sectors of the economy are searching for alternative and innovative ways of investing, and this has sparked the rapid growth of crowdfunding.
The growth and popularity of crowdfunding have also been facilitated by the improving economy. This has boosted investor confidence in different sectors particularly real estate. Majority of investors are now more confident about the future and are searching for lucrative opportunities that will enable diversification of their investment portfolios and wealth generation.
Featured Image: Grand Central Station, New York City