Shared Value, the first real estate crowdfunding platform that uses blockchain technology, both for project information and the contract with the developer, was launched. “The great added value of this platform is the use of blockchain technology, used for the first time in Italy in the certification of investment data in the NPL niche, i.e. non-performing loans. The data is transcribed into a public register that can no longer be modified in any way to guarantee investors,” explained founder Alberto Papa.
In 2009, Papa launched Albatros Asset Management, a company that selects and carries out high yield real estate transactions, mostly related to non-performing loans secured by real estate mortgages.
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Shared Value has a code of values that regulates the way operations are managed
Shared Value allows to finance operations starting from $585 (€500) and is based on a Code of Values, which regulates the way operations are managed and the relationships between proposers, lenders and owners, with a view to sustainability for all parties involved.
The operations offered on Shared Value are carefully selected by a commission of experts on the basis of a series of precise parameters:
Risk and feasibility assessment: the company is committed to protecting the capital lent by the lenders in the best possible way. The real estate operations are subject to an accurate feasibility analysis, which aims to contain the risk in the design, construction and sale phases.
Estimation of the expected return: the main goal is to allow lenders to generate value. The company only selects real estate transactions that offer the best guarantees of success and that present an optimal ratio of risk and return.
Duration forecast: Shared Value carefully evaluates the timing of implementation and marketing of each operation, in order to optimize the chances of returning the capital to our lenders within the period initially provided.
Initially active in the area of Milan and province – with a first opportunity concerning a property in the Porta Romana area, with a collection target of $146,000 (€125,000) and an expected annual rate of 10.36% – Shared Value will soon cover the entire national territory.
The platform is easy to use and has no costs for users
Operating on the platform is very simple and there are no costs: just register with an account, follow the procedures indicated and fill in your lender profile, load the current account, by credit card or bank transfer, and then select and finance the real estate proposals considered most interesting and follow their developments. The money lent through the platform will be refunded at the end of the operation, with rates of approximately 8-12%.
In the coming weeks, Shared Value intends to present a training course for future professionals qualified to identify investment operations that can then be financed through the platform, creating the first incubator and accelerator for real estate entrepreneurs in Italy. To follow, it aims to activate programs to listen and help debtors in difficulty for complete rehabilitation, not only financial but also psychological.
“Shared Value represents a novelty in the real estate panorama, because it makes investments in NPL accessible to the general public, until now the exclusive niche of large international operators and investment funds,” concluded its founder Alberto Papa.
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First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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