Real Estate Crowdfunding Firms Combine

Jun 20, 2016

The fast-growing crowdfunding property investment sector saw two regional players combine into one: San Antonio, Texas-based crowd investing platform MassVenture Inc., acquired Austin-based real estate crowd funding company Equity Brick LLC. Terms of the transaction were not made public.

The combined companies will operate under the MassVenture banner and will focus on Texas-located private and commercial real estate investing. Ultimately, the newly combined entity will aim at bringing Texas-based investments to the national market.

“The combination of Equity Brick and MassVenture is a highly strategic, value-enhancing step,” said Seemant Nakra, founder of Equity Brick. “We are bringing together the unique strengths of two great start ups to deliver best-in-class real estate crowdfunding platform using state of the art technologies to investors around the Texas and country.”

About the author

Phil Hall

Link copied

Published

Jun 20, 2016

People On The Move

Ginnie Mae President Alanna McCargo Announces Resignation

McCargo was first woman and first woman of color at the helm of Ginnie Mae.

The U.S. Department of Housing and Urban Development (HUD) today announced that Alanna McCargo, president of the Government National Mortgage Association (Ginnie Mae), will resign, effective May 3, 2024. McCargo has served in the Biden-Harris Administration since January ...

People On The Move

Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...