AssetAvenue Joins Real Estate Accelerator

Los Angeles-based AssetAvenue, the online, peer-to-peer lending site focused on commercial real estate loans, said today that it has been selected to participate in a real estate focused accelerator, backed by the National Association of Realtors. The company said it was selected to participate in the 2015 class of REach, a growth technology accelerator program sponsored by Second Century Ventures, the strategic investment arm of the National Association of Realtors (NAR). AssetAvenue is led by David Manshoory. The company helps to arrange bridge and other loans ranging from $250,000 to $25 million, aimed at purchasing commercial real estate, including office buildings, industrial properties, shopping centers and apartment buildings.