The expanded facility fortifies the company's prefunding capabilities and the continued growth of its online crowdfunding platform.
Prepares to add lending products for $6 trillion single-family rental market
New CMO Robert Greenberg and CFO Min Lee join executive team engineered for growth
Institutional marketplace lending funds, Prime Meridian Capital Management and AlphaFlow, commit to ongoing, fractional investments with real estate platform.
Patch of Land (POL), a leading online marketplace lender for real estate, announced today that it has originated over $100 million in short-term loans for real estate professionals who purchase, rehabilitate and refinance undervalued residential and commercial properties. This notable milestone comes with another important statistic: the company has returned over $25 million in principal and interest to its investors, representing a quarter of the volume of originated loans.