In the first half of the year, the real estate lending crowdfunding platform Trusters, launched in December 2018, raised $8.6 million (€7.3 million), almost as much as in all of 2020 when it raised $8.8 million (€7.5 million).
Less than 3 years after the start of operations, the platform Trusters detects outstanding performance, which brings it to be the first for projects funded and the second for overall collection, after Rendimento Etico: over 5,500 users registered on the portal, 60 companies proposing projects on the platform, 143 projects financed for a total of $20.4 million (€17.3 million), 100% of collections successfully closed, 10 months average project duration and Average annual ROI of 9.23%.
Trusters has also communicated the reimbursements which amount to 55 projects reimbursed, for a total of $6 million (€5.08 million) (including some interest coupons and partial reimbursements already made): 5 projects reimbursed, totaling $312,200 (€264,759), in 2019, 20 projects reimbursed, for a total of $1.8 million (€1.53 million), in 2020, 30 projects reimbursed, for a total of $3.35 million (€2.84 million), in the first half of 2021 alone.
Read more on the subject and find the latest business news with the Born2Invest mobile app
Trusters now plans to expand to Europe
“The intuition, had in times not suspected, to combine the pluses of digital to the strengths of the brick, as an asset class capable of maintaining and increasing, more than other financial instruments, its value over time – says with satisfaction Andrea Maffi, Founder of Trusters – has proved successful and performing, even in the face of the unpredictable tsunami of the pandemic. We have never stopped and with us also the real estate development companies that have continued to bring to the platform projects of real estate enhancement, urban and territorial requalification.”
Not only demolitions and reconstructions, falling within the scope of the earthquake bonus or the various forms of tax incentives related to real estate, not only renovations and changes of use, but also the project, presented on the Trusters platform by Hara Abitare, for the enhancement of rural buildings in historic villages, which closed a tranche of collection equal to $212,000 (€180,000) to finance the redevelopment of rural buildings for residential use and tourist accommodation in the Adamello Brenta Natural Park.
Finally, in relation to the entry into force, in November 2021, of the EU regulation on crowdfunding, Andrea Maffi said that Trusters is also planning its entry into Europe: “The entry into force of the ECSP regulation is a very strong signal for the market, not only for crowdfunding, with undoubted benefits for all economic operators and the community, in line with the hoped-for recovery. It is the attestation of the validity of crowdfunding, originally observed with skepticism, able in a short time to respond quickly and effectively to the needs of financial diversification, supporting operations and the economy even in lockdown. We started with projects in Milan, we have extended our range of action to the whole of Italy and now Trusters is ready to play its role as a protagonist, also in the cross-border field.”
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.
Augmented Reality (AR) And Virtual Reality (VR) Stocks to Keep On Your Radar
Everyone knows that Augmented Reality (AR) and Virtual Reality (VR) will be a huge deal in the coming years. What...
Switcho Raises €2M of Equity on Mamacrowd: Lead Investor Eltif ALIcrowd
Switcho has closed its equity crowdfunding campaign on Mamacrowd, which started at the beginning of August, raising just under $2.35...
Credit Crisis Brewing in China
But should the Dow Jones break down in a big way next week, that would be a signal that the...
A Look at a Bull/Bear Sentiment Indicator
Inflation and climate change are two of the key issues in the current Canadian election (Monday Sep 20). We look...
Why Morocco Should Go Further with Cannabis Decriminalization
In a long-term vision, the CSMD also recommends a form of decriminalization the recreational use of cannabis, moving from prison...