Author Topic: Dead End for Asset Avenue?  (Read 3353 times)

Rude Dude

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Dead End for Asset Avenue?
« on: February 07, 2017, 12:51:20 PM »
Asset Avenue has stopped originating loans: https://www.crowdfundinsider.com/2017/02/95719-dead-end-assetavenue/

"Crowdfund Insider spoke to an industry participant who said they understood that deal flow had been challenging at AssetAvenue. The underwriting process was also said to be too highly automated, something that did not mesh well with the type of deals being listed on the platform that demanded more customization. The real estate crowdfunding industry may be going through a period of consolidation where the better-capitalized platforms, with deep real estate experience, will fare better"