Type:
Real Estate
Focus:
Debt

Overall:

Platform Provided Due Diligence:

Platform Fees:

Quality of Deals:

Website - Patch of Land

Fees - 1 point of interest & platform keeps origination fee

Phone - 888-959-1465

SEC REG - USES 506(c) Open Investments can be advertised and publicly discussed

Patch of Land is a crowd funding platform for real estate using a peer-to-peer online system providing opportunities in secure real estate debt. The real estate assets are backed with liens and guarantees. On the investing side, they look for alternative fixed-income properties, while on the borrowing side they help borrowers looking for alternative financing methods.

They underwrite loans and offer them to investors through the Jobs Act exemptions 506(c). At this time they are working with investors who are:

- Accredited.

- International.

- Institutional.

The company was founded by Jason Fritton, an e-commerce businessman. His goal was to help communities that had been hurt by the real estate crash. He worked for structural changes in the business to prevent it from happening again, and was one of the first advocates for exemptions that were included in the JOBS Act that passed in 2012. The exemptions allowed crowdfunding opportunities for investors that never existed before.

Teaming up with his brother Brian, a software engineer and Carlo Tabibi, a real estate developer, they worked toward creating a real estate lending marketplace that was efficient and effective. In September of 2013, Patch of Land raised $1.2 million through a Los Angeles-based private investment company.

If you do not agree with the Patch of Land review, please leave a comment below. 

 

Due Diligence & Discussions

Share your experience. Rate and comment!

Alex Trepetin

Jan 23, 2017

The ratings I posted are based on deals during 2014-2015, and I cannot speak to the quality of deals and platform due diligence after Dec 2015. Communication is still terrible, possibly the worse of any platform. 

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Patch of Land Patch of Land
Rated 2.3/5 based on 21 customer reviews

Website - Patch of Land

Fees - 1 point of interest & platform keeps origination fee

Phone - 888-959-1465

SEC REG - USES 506(c) Open Investments can be advertised and publicly discussed

Patch of Land is a crowd funding platform for real estate using a peer-to-peer online system providing opportunities in secure real estate debt. The real estate assets are backed with liens and guarantees. On the investing side, they look for alternative fixed-income properties, while on the borrowing side they help borrowers looking for alternative financing methods.

They underwrite loans and offer them to investors through the Jobs Act exemptions 506(c). At this time they are working with investors who are:

- Accredited.

- International.

- Institutional.

The company was founded by Jason Fritton, an e-commerce businessman. His goal was to help communities that had been hurt by the real estate crash. He worked for structural changes in the business to prevent it from happening again, and was one of the first advocates for exemptions that were included in the JOBS Act that passed in 2012. The exemptions allowed crowdfunding opportunities for investors that never existed before.

Teaming up with his brother Brian, a software engineer and Carlo Tabibi, a real estate developer, they worked toward creating a real estate lending marketplace that was efficient and effective. In September of 2013, Patch of Land raised $1.2 million through a Los Angeles-based private investment company.

If you do not agree with the Patch of Land review, please leave a comment below.