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Real Estate

·Mar. 23, 2017

Unison Leading the Way for a New Era of Home Ownership Affordability

Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source

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Fintech News Roundup Real Estate

·Mar. 24, 2017

Lend Academy Article: Potential Applications of Blockchain for Real Estate

Lend Academy reviews a session on applying blockchain to real estate after attending MIPIM, the world's largest conference dedicated to real estate; one company helping run a pilot is velox.RE; company is working with Chicago's Cook County on a program for transferring and tracking property titles as well as filing liens; the three perceived benefits are: a permanent, immutable public record that is immune to well-funded nation-state attacks, a path towards paperless land transfers and so-called "e-deeds" and reduced costs for offices across the country that want to upgrade electronic document processing systems; other applications for blockchain in real estate include tracking property ownership in emerging markets, real estate crowdfunding and tracking/transferring solar energy. Source

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Europe News Roundup Online Lending Real Estate

·Mar. 28, 2017

Saving Stream Merges with Lendy

Saving Stream and Lendy have merged and will now combine operations under the Lendy platform; the platform will focus on property development lending and plans to triple its loan issuance in 2017; Paul Riddell, head of marketing and communications at Lendy had the following comments regarding the merger, "Unifying our lender and borrower brands together under one banner – and on a single online platform – is a step that allows us to streamline our process and make our offering simpler for the entire market." Source

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Europe News Roundup Online Lending Real Estate

·Mar. 28, 2017

Relendex Receives FCA Authorization

P2P commercial real estate lender Relendex has received authorization from the Financial Conduct Authority; the platform provides secured commercial property loans through its P2P marketplace lending platform and now plans to seek the offering of innovative finance individual savings accounts for its investors; in comments regarding the authorization, Michael Lynn, the firm's founder and chief executive officer said, "FCA full authorization marks a fantastic start to 2017 for the Relendex team and platform which will further encourage and facilitate investment in commercial property from both our UK and foreign investors." Source

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Fintech News Roundup Real Estate USA

·Mar. 29, 2017

Launching a US Real Estate Crowdfunding Platform

Crowdfund Insider provides details on how to launch a real estate crowdfunding platform in the US; discusses different types of offerings and securities; also outlines business planning, capital funding and licensing. Source

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Europe News Roundup Online Lending Real Estate

·Mar. 31, 2017

Landbay Reduces Platform Borrowing Costs

UK marketplace lender Landbay has lowered its borrowing rates and fees in an effort to refresh its offerings for buy-to-rent property borrowers; rates for a two-year fixed term loan will now start at 3.39% and rates on a five-year fixed term loan will start at 3.59%; arrangement fees have also been reduced to 1.5% from 1.75%; the firm has also made some changes to its approval criteria; Paul Brett, managing director of intermediaries at Landbay had the following comments: "We are constantly listening to our intermediary partners and to the requirements of the market. Our rates have been reduced across the board to ensure we remain competitive whilst our criteria enables us to serve a wide range of specialist borrowers seeking a fast decision." Source

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Fintech News Roundup Online Lending Real Estate USA

·Apr. 6, 2017

Fundrise Files for a For-Sale Housing eFund

Fundrise plans to offer a new fund that invests in the development of homes for sale in Los Angeles, California; investors in the fund will be investing in a diversified portfolio of real estate properties in development and for sale with the option to buy homes in the portfolio; investors will receive distributions from the fund's operating cash flow which will primarily be generated from the sale of homes in the fund; distributions may also be made from other sources of cash flow including structured equity or debt. Source

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Europe News Roundup Online Lending Real Estate

·Apr. 11, 2017

Funding Circle Announces Changes for Property Lending

UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source

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Asia/Pac News Roundup Online Lending Real Estate USA

·Apr. 13, 2017

CrediFi Launches CredifX for Commercial Real Estate Loans

CredifX will add to the firm's data services which provide data on over two million US commercial properties and $13 trillion in loans; the CredifX platform will offer a marketplace for commercial loans, providing access to financing and investing for commercial real estate borrowers, brokers and lenders; the new commercial real estate loan platform is expected to increase market competition and pricing for loans. Source

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Fintech News Roundup Real Estate USA

·Apr. 18, 2017

Unison Speaks with Crowdfund Insider

Unison offers a unique solution to help homebuyers purchase their home; company provides up to half of the down payment to purchase a home and stands to benefit if the home value increases; product is available in 13 states with 8 lenders and the company is close to one thousand deals completed with an anticipated three thousand additional deals in 2017; chairman and co-CEO Thomas Sponholtz answers other questions about the platform from Crowdfund Insider. Source

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