February 14, 2018
By: Payment Week
GREAT NECK, N.Y. (February 13, 2018) – Sharestates, an online real estate investment platform, announced today their inception into the Arizona Banking Department roster of lenders as Sharestates Investments LLC, NMLS ID number 1538766. With this launch, Sharestates will be offering their loan products to the real estate speculation and development community in a statewide effort.
Sharestates’ launch into Arizona coincides with their overarching goal of providing both borrowers and investors with a user-friendly and hassle-free way to make investments within the greater real estate ecosystem.
“We would like to thank the Arizona Department of Banking for approving our application and allowing us this exciting milestone. Moving into Arizona is an opportunity for our company to make an impact on a growing real estate market,” said Sharestates CEO, Allen Shayanfekr. “Growth, more importantly sustained growth, is essential for the stability of Sharestates. We are excited about providing borrowers in Arizona the premium services and products that have come to be expected from the Sharestates brand. We look forward to working in conjunction with the existing lenders and origination teams in Arizona to expand our footprint in thisevolving movement known as real estate marketplace lending.”
While real estate marketplace lending continues to grow throughout the United States, Sharestates remains the preeminent resource for borrowers and institutional investors looking to optimize returns and make a significant impact on the industry. Sharestates’ new marketplace launch into Arizona will focus on not only growing the company as a whole, but subsequently the entire industry.
As a part of Sharestates’ launch into the Arizona market, the company will be attending the 45th Pitbull Hard Money Conference located at the We-Ko-Pa Resort and Conference Center in Scottsdale, Arizona. The event will be held March 14-15, 2018 and members of the Sharestates team will occupy booth #417.
Sharestates continues to outperform the online real estate lending industry with originations exceeding $840 million since inception in 2014 with 2017 monthly totals averaging $43 million.
Sharestates has funded more than 895 individual loans, providing an average return on investment of 10.42%.
For more information, please visit https://www.sharestates.com or contact Michael Ramin, Vice President of Business Development, at (212) 201-0750, ext. 8125.
Sharestates is a real estate investment marketplace that allows individual and institutional investors to participate in rigorously vetted debt offerings. All of the offerings on Sharestates’ platform have passed through a 34-point underwriting process. Founded by Allen Shayanfekr and real estate veterans, Radni Davoodi and Raymond Y. Davoodi of the Atlantis Organization, Sharestates has combined proprietary technology with a proven track record of business development expertise to become the fastest growing real estate crowdfunding marketplace, doubling every year since its 2015 launch. For more information, please visit https://www.sharestates.com.