RealtyShares is an online crowdfunding real estate platform that provides individuals and companies access to real estate investing and funding opportunities. We searched around the web for RealtyShares reviews to see what their customers think about the company.
RealtyShares enables users to pool their money alongside other investors to purchase shares on available realty opportunities or have other investors fund their own realty projects through the site.
RealtyShares Customer Reviews
Summary of RealtyShares Customer Reviews
We scoured online reviews and found that RealtyShares has generally positive ratings. Here’s what we found:
What RealtyShares does well:
Positive reviews about RealtyShares mentioned the convenience of having their real estate project funded immediately after going live on the platform. Customers also commended RealtyShares’ thorough and efficient evaluation process of a company’s eligibility to get funding.
What RealtyShares does not do well:
Negative reviews said that the downside of using RealtyShares is that borrowers can’t apply for hard money loans if their real estate project is still under construction. RealtyShares only funds real estate loans for existing and built structures. They have 3-5 year hold periods for commercial or office properties and less than one year holds for residential.
|Loan to Cost||Up to 90%||Up to 90%|
|Amount/ Funding Value||$100K - $10M||$500K - $10M|
|Term||6-24 months||12 months to 10 years|
|Capital Type||Senior Loans, Preferred Equity||Senior Loans, Preferred Equity, Joint Venture Equity|
RealtyShares pricing depends on whether you wish to fund a residential property or a commercial property. Both types of funding can be loaned up until 90% of the estimated project cost.
The amount of funding you can get for a residential loan ranges from $100K – $10M, and the amount you can get for a commercial property is $500K – $10M. The terms for each and the capital type also vary between residential and commercial loans.
Capital types for residential loans include senior loans or loans that are given to borrowers which are packaged to be sold to investors and preferred equity which are loans derived from existing preferred stocks of the company.
Commercial loans include senior debts, preferred equity, and JV equities which entail multiple parties acting as a single company to finance or carry out a project.
Individuals can sign up for free on the site. While the amount varies on a case to case basis, the website indicates that they will also charge a fee to cover ongoing investor reporting and communications for the project. The amount for this will be outlined in the project’s operating agreement upon approval of funding.