Fundrise

Photo courtesy of DCInno

Building Manhattan’s 3 World Trade Center is projected to cost more than $2 billion, and difficulties paying the bill have delayed construction several times.

Fundrise, an online platform for investing in real estate, is helping fix that problem and others like it. The company’s technology opens doors for individuals who want to invest in local real estate developments, but maybe don’t have millions of dollars lying around. The concept has blossomed since the company launched in 2012, and in the last year, the Fundrise team has almost doubled. Kendall Davis, an investment associate at Fundrise, said her favorite days at work are the ones when a whole deal is sold out in one day.

The company has seen 1,500 percent growth in deal volume since May 2014. Currently, Fundrise holds the Class 1 bonds for 3 World Trade Center, which provide an annual return of 5 percent over 60 months to investors.

“Typically, an investor would need to prove assets of at least $100


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Source: Street Fight