New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
EquityMultiple Reaches Growth Milestones
EquityMultiple said Tuesday it had achieved a series of growth milestones amid the challenging environment resulting from the COVID-19 outbreak. Headquartered in Midtown South, the startup company provides accredited investors with access to commercial real estate investments.
In April, EquityMultiple raised a round of equity capital from existing company investors for product expansion, technology enhancement, and operations. The company previously raised two rounds of capital and has taken no venture capital to date.
The firm also closed on its largest single-asset investment: a mezzanine debt investment into a 155-unit Class A multifamily development in West Harlem, a project with a $184.5-million total capitalization.
In June, EquityMultiple surpassed $150 million in total originations since inception.
“EquityMultiple’s goal remains to provide an optimized real estate investing platform for self-directed accredited investors,” said CEO Charles Clinton. “During this market disruption, we also aim to offer distressed, opportunistic, and under-valued investment opportunities.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
