Realty Mogul is an online marketplace for real estate investments. The company is sharing numbers related to its growth since its launch in 2012. In the company’s first year in business, its users have invested $14 million in over $100 million worth of property. Realty Mogul has became the largest online marketplace for real estate investing, and grew its investments by 400% in six months starting last July.
Real estate crowdfunding startup Realty Mogul is sharing a bunch of numbers about its growth since it first launched just about a year ago. The most impressive one: More than $100 million, which represents the total value of properties that have been backed through the Realty Mogul platform. That represents 58 properties located in 14 states, in which the 6,000 Realty Mogul members invested a total of $14.6 million. The company’s goal is to make real estate investment more accessible — not to everyone, but to accredited investors. Members can browse through a marketplace of potential investments, and even if they decide to invest in a property, their money is only committed if the project is fully funded. If it is, they’ll get regular updates on the property and receive whatever cash distributions (such as rent payments) they’re entitled to.
