New software and mobile applications, Kenny Slaught is convinced, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. The Golden State’s crowdfunding, or peer-to-peer lending, emerged after the adoption of the Jumpstart Our Business Startup (JOBS) Act of 2012, which productively democratized the process in which sponsors can raise funds for real estate acquisitions and development. The new law allowed the previously banned practice of advertising or actively soliciting private funding from accredited individuals and firms. Individuals with a net worth of $1,000,000, excluding ownership of one’s personal residences, or with an income of $200,000 or household with $300,000 annually, if filed together with a spouse, can become an accredited investor. Kenny Slaught is excited that the amendments give the green light to California borrowers and lenders to participate in debt and equity financing, in which loans generate income in the form of interest, without an official financial institution involved. The online marketplace has created a new avenue for property owners and funders to view new investment offerings, perform due diligence, access dashboards to monitor how assets and financial investments are performing.
Kenny Slaught – Shares Impacts of 2012 JOBS Act
Posted on January 16, 2018, By Kenny Slaught
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