Sharestates expands lending capability up to $75m

By Edlyn Cardoza

Sharestates, a real estate financial technology (FinTech) platform designed to accelerate the redevelopment and rehabilitation of communities, announced the expansion of its loan limits to fund real estate developers seeking up to $75,000,000 for Multifamily, Mixed-Use, and Commercial development.

Sharestates has filled a void left by many traditional lenders to provide capital to small and mid-sized developers. As the company’s client portfolios grew, it became necessary to increase its loan limits to continue serving its customers.

“When my partners and I founded Sharestates, many of the borrowers that we started financing single-family fix and flip projects for are now doing larger multifamily, mixed-use and commercial developments,” said Allen Shayanfekr, Co-Founder and Chief Executive Officer of  Sharestates. “Our support has allowed these developers to scale their businesses to where they are today. We’ve taken some clients from their first project to hundreds of completed projects. Increasing our lending capability will allow us to continue to offer the same white glove service for the larger projects in our client’s portfolios, while also expanding our loan products to a new set of developers that require larger loan limits.”

Sharestates is one of the fastest-growing national private lenders focused on non-owner-occupied residential and commercial properties. The company creates customised lending solutions for real estate investors and developers. Sharestates has successfully funded over $3.4 billion in projects nationwide and has the broadest loan programs available in the market with competitive pricing.

Since its founding in 2013, Sharestates has been an essential source of private capital to real estate investors nationwide seeking short-term bridge financing for rehabilitation projects and long-term DSCR loans for rental properties. Real estate veterans founded Sharestates, and its success is attributed to a strong leadership team, an easy-to-use platform, sensible underwriting practices, and a relationship-focused lending strategy. Sharestates partners with direct borrowers and brokers.