Connected Investors, the premier social network and marketplace for real estate investors, today released growth numbers for its real estate investment lending portal, CiX.com.
Wilmington, United States - February 8, 2018 /PressCable/ —
Connected Investors, the premier social network and marketplace for real estate investors, today released growth numbers for its real estate investment lending portal, CiX.com. The Connected Investors funding portal is an online marketplace that gives individual and commercial real estate investors direct access to non-bank private & hard money asset-based lenders.
For 2017, the CiX.com portal facilitated approximately 50,000 funding requests from real estate investors generating over $25 billion in volume, resulting in a 250% growth rate over the previous year.
“Based on the increased demand from our lending partners, our growth will continue to accelerate through 2018. We are pushing hard to hit that $100 Billion milestone, and that number is still just a fraction of the overall industry,” noted Ross Hamilton, CEO and Founder of Connected Investors. “With companies like Lending Tree paving the way for us, Connected Investors has seized the opportunity to modernize the fragmented private and hard money real estate lending industry,” said Hamilton.
“More and more lenders are moving into the investment real estate lending space as they recognize the rapidly growing demand for funding needed for investment properties and projects,” said Adam Steinberg, Managing Director of CIX. Steinberg added, “Prior to Connected Investors, the real estate private and hard money lending industry was a very fragmented marketplace with too much exposure to bad actors and potential fraud. We’ve cleaned it up, consolidated the space and made funding for investment properties readily accessible to real estate investors.”
“With housing data sites like RealtyTrac reporting strong profit margins for house flipping and the demand for investment property funding on the increase, Connected Investors is poised to meet the needs of real estate investors nationwide,” added Hamilton. In addition, Connected Investors collects valuable data that points to trends taking place in the real estate investment market. In 2017, the seven most popular cities for active “mom & pop” real estate investors were Chicago, Atlanta, Baltimore, Philadelphia, Detroit, Indianapolis and Houston.
To view the full report showing the results of the most active real estate investing cities and top states visit: http://connectedinvestors.com/blog/hottest-markets-trends/
Contact Info:
Name: Bill Brinkley
Organization: Connected Investors
Address: 1844 Sir Tyler Drive, Wilmington, North Carolina 28405, United States
For more information, please visit http://connectedinvestors.com
Source: PressCable
Release ID: 297489
