Four hours ago we launched an offering for a Brooklyn Pre-Development Bridge Loan with a 12% projected current return and an eight-month term.
New Lab is going to be an 84K SF collaborative high-tech design and prototyping center in the heart of the Brooklyn Navy Yard.
Just over three hours later, the entire $500K offering is sold out—with 47 individuals from around the country investing in the deal.
Only a few months ago, this amount would have taken us weeks to raise.
This shows us that there is real momentum around real estate crowdfunding—our investor base will grow and fund larger and larger amounts as we continue to originate the highest quality investments in top markets.
Cheers to continuing the streak!
Ben, Dan, and the rest of the Fundrise team