LOS ANGELES, CA--(Marketwired - Sep 22, 2014) - Direct Lending Investments, LLC, the general partner of the first peer-to-peer (P2P) small business loan fund, today announced a new partnership agreement with Realty Mogul, a leading online real estate capital markets platform that connects accredited investors to real estate investment opportunities. Through this partnership, Direct Lending will commit $73 million to fund residential rehab loans through the platform. This is the first such institutional partnership for Realty Mogul, which also received $9 million in venture funding this year.
The partnership with Direct Lending Investments, which to date has specialized in the acquisition of a diversified pool of high-yield, short-term small business notes, supports Realty Mogul and the fund's expansion into residential rehab loans. The arrangement provides institutional-level funding for professional rehab investors seeking an alternative source of capital while providing the fund's investors access to potentially strong returns from short-term, high-yield real estate loans. Qualified borrowers can apply for access to capital at RealtyMogul.com.
"Investing in Realty Mogul's real estate loans is a natural expansion for our fund, which has purchased more than $100 million worth of online small business loans since inception. Continuing our tradition of working with only the best online lending platforms, we're excited to expand the fund's repertoire of peer-to-peer loans to include high-yield real estate assets," said Brendan Ross, president and portfolio manager of Direct Lending Investments. "We look forward to working with Realty Mogul and providing access to its deal flow for our investors."
"We are thrilled that Direct Lending has chosen to place capital on our platform and we look forward to accelerating the growth of our online lending business with such a strong institutional capital commitment. This partnership marks a tipping point in the lending industry as Realty Mogul's online crowdfunding platform is now attracting institutional level investors seeking opportunities to invest alongside our crowd of more than 12,000 accredited investors," said Jilliene Helman, CEO and founder of Realty Mogul.
"This is also a huge win for borrowers looking for rehab capital. We're ready to lend, and we are actively accepting applications at RealtyMogul.com," said Helman.
About Realty Mogul
Realty Mogul is an online real estate capital markets platform, connecting borrowers and sponsors to capital from accredited and institutional investors. Through crowdfunding, Realty Mogul gives investors tools to browse investments, do due diligence, invest online and have 24/7 access to an investor dashboard to watch how their investments are performing. Realty Mogul partners with borrowers and sponsors to source deal flow and curates all of the investments. For these real estate companies, Realty Mogul provides a broader capital pool and tools to do investor reporting, investor communication and distributions.
About Direct Lending Investments
Direct Lending Investments, LLC is the general partner of a peer-to-peer (P2P) small business loan fund. Founded by portfolio manager Brendan Ross, the fund invests in a diversified pool of high-yielding, short-term small business and real estate notes from leading online lenders. An early expert in peer-to-peer lending, Brendan has spoken at conferences around the country about P2P lending and appeared in the Wall Street Journal, Forbes, Fox Business and other prominent outlets. For more information, visit www.dirlend.com.
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