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Trusters’s Real Estate Crowdfunding Fund Raised €7.3 Million in Six Months

In the first half of the year, the real estate lending crowdfunding platform Trusters raised $8.6 million (€7.3 million), almost as much as in all of 2020 when it raised $8.8 million (€7.5 million). 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

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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.

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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.”

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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.”

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(Featured image by nattanan23 via Pixabay)

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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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Anne Kings is a reporter for the financial sector, often tackling Wall Street and shareholders' interests. She also covers the intersection of media and technology, and delves into interesting topics on entertainment. Sometimes she also writes about the cannabis industry, in particular CBD and hemp. She is currently based in New York.