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Mission-Driven Crowdfunding Platform Small Change Backs Five Projects Nationwide
Pittsburgh-based Small Change, a mission-driven real estate crowdfunding platform, has raised $2.1 million for five projects across the U.S. totaling $54 million in value. Since inception, Small Change has helped 27 real estate developers raise more than $8 million for 30 projects in 16 cities, big and small, across the United States.
Small Change evaluates each project listed on its platform using its proprietary Small Change Index, which employs a broad array of factors to determine social impact. Fifty percent of the deals funded via the Small Change platform have either a minority and/or female sponsor and all of them meet the social impact goals of the Small Change Index.
To date, Small Change has closed transactions in cities from coast to coast including Baltimore; Chicago; Egremont, MA; Los Angeles; New Orleans; Philadelphia; Pittsburgh; Phoenix; Rhinebeck, NY; and Washington, DC. The current offerings will add San Francisco and Lenox, MA to this list.
“This is a powerful community tool,” said Eve Picker, founder of Small Change. “We let people invest in the places they love and build wealth where they live. This is investing democratized.”
- ◦Development
- ◦Financing
