Bridge Loan

Knock Opens Funding To Individuals Through Wefunder

Posted on by TMN Editor
Buy Before You Sell fintech Knock has allocated $5 million of a $15 million financing round to individuals alongside its investors. The company announced an equity crowdfunding campaign on Wefunder, a public investment platform, to allow individuals to invest before it goes public or gets acquired. The funding round is co-led by Second Century Ventures, the venture capital arm of NAR, and Foundry Venture Capital. The goal, according to Knock co-founders Sean Black and Jamie Glenn, is to create investment opportunities they were unable to prioritize when their company Trulia went public and was acquired by Zillion. People who used the product were unable to invest until it was already valued in the billions of dollars. “We founded Knock to…

LendSure Launches Reverse 1031 Exchange With Bridge Loan

Posted on by TMN Editor
Non-QM wholesaler LendSure Mortgage Corp. introduced a new program allowing borrowers to finance new investment properties without selling their existing assets. The Reverse 1031 Exchange with Bridge Loan program is a new addition to the lender’s non-QM offerings for real estate investors. The LendSure Bridge Loan requires no payments until the maturity or sale of a relinquished property, giving investors early access to capital for down payments on replacement properties. “The addition of the Reverse 1031 Exchange with Bridge Loan to our solution toolkit is an exciting development in the changing market,” Joseph Lydon, Co-Founder and Co-Managing Director of LendSure, said. “By utilizing our 1031 Exchange solution, investors can seamlessly transition sale proceeds into new, similar investments, effectively deferring taxes…