RealtyShares Shows Full Stack Capital Prowess, Sourcing Both Debt and Equity for Ohio Acquisition
released on March 3, 2017 published in Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--RealtyShares, a leading online marketplace for real estate investing, has just completed its first full stack capital transaction, securing both debt and equity financing totaling $5.9 million for the acquisition of Courtship Village, a 132-unit garden-style apartment complex in Lancaster, Ohio. The property acquisition was led by Hamilton Real Estate Capital, a multi-family investment firm and a repeat sponsor on the RealtyShares platform. They first raised $1.3 million in joint venture equity through the marketplace’s network of individual investors. They then secured $4.6 million in commercial debt financing via CBRE, one of RealtyShares’ developing institutional partners.
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