Monday, September 22, 2014
Realty Mogul Scores $73M Investment Partnership
Beverly Hills-based real estate crowdfunding site Realty Mogul disclosed this morning that it has inked a $73M funding commitment with company Direct Lending Investments. The two said that the funding will go towards funding residential rehab loans through Realty Mogul's platform. Realty Mogul operates an online crowdfunding site, which lets people invest in real estate projects aroudn the U.S. The company is led by Jilliene Helman. The company is venture backed by Canaan Partners. Direct Lending Investments is a provider of short term, high yield, and small business loans, according to the company.