Groundfloor Proves Real Estate Crowd-Lending with Two Closed Deals
A year ago, Brian Dally had a hypothesis that he could transform the real estate lending business like he did the wireless phone industry as general manager of Republic Wireless. He’d replace the bank in real estate transactions using online crowdfunding campaigns, helping developers raise funds faster and democratizing access to real estate investing. Like a Lending Club, but for real estate. Today, the company he started to test that hypothesis reveals its first validation. Dally’s Raleigh startup called GROUNDFLOOR has closed what he believes to be the first two 100 percent crowd-lended real estate transactions in the nation....
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