Three Real Estate Crowdfunding Platforms Authorized Under the New EU Regulation

On February 1st, Consob published the authorization decrees relating to three real estate crowdfunding platforms. These are Bildap, Bridge Asset and PrePay which have already been operating on the Italian market for some time.

The platforms authorized to date by Consob according to the new regulatory regime therefore rise to 22.

Read more on the subject and find other important business news with our companion app Born2Invest.

Bildap – a real estate crowdfunding platform based in Rome

Bildap is a real estate equity crowdfunding platform, based in Rome, operational since 2022 according to the previous Consob regulation.

The company, authorized on January 31 according to the new regulation, had closed two real estate transactions, one in 2022 raising 692,000 euros, and one in 2023 with a raising of 1.5 million.

President of Bildap is Paolo Buzzetti, with more than 30 years of experience in prestigious roles including: President of ANCE, President of Federcostruzioni, Corporate and Investment banking UniCredit, President ACER,

Bridge Assets – a major real estate crowdfunding platform in Italy

Bridge Asset is one of the major real estate lending crowdfunding portals, operational in Italy since 2020 and was authorized on 31 January.

From 2020 to today, the real estate crowdfunding portal has financed 89 projects with 22 million raised and therefore with average tickets of 248,000 euros.

The company that manages the real estate crowdfunding platform is Bridge Real Estate Srl, based in the province of Como, whose capital is 100% held by Eleonora Magalotti , founder of a legal consultancy firm in Milan and whose advisory board is made up of experts in the sector among which stand out Alfio Bardolla , a well-known real estate trainer and investor and the lawyer. Alessandro Lerro of Avvocati.net.

PrePay – real estate crowdfunding platform authorized on January 31st

PrePay is a real estate lending crowdfunding platform, active in Italy since 2021 and authorized by Consob pursuant to the new EU regulation on January 31st.

The platform was founded by Pierluigi Benemerito and Antonio Fasanella , two young entrepreneurs of Calabrian origin, and stands out for the ” PrePay formula ” which provides for the advance payment of interest on investments.

From 2021 to today, PrePay has financed 26 projects, of which 15 real estate, raising a total of 2.2 million, with an average collection per project of 90,000 euros.

__

(Featured image by Ivan Oštrić via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

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.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.