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.
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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.
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