What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
Fundrise Attracts $519,000 in One Day
1539 7th Street NW
It appears that the waters have appropriately been “tested” for interest in crowd-funding website Fundrise’s next project.
Yesterday, we reported that the folks at Fundrise had launched an effort called “Testing the Waters” aimed at gauging interest in a property before moving ahead full steam on a crowdfunded investment initiative. The property in question was their next investment offering, a vacant two-story building at 1539 7th Street NW in Shaw.
The site hoped to reach a target of $300,000 in investment interest over the next 30 days to justify moving forward with the project. It didn’t take nearly that long. By the end of the day, they had already exceeded their goal by $200,000.
UrbanTurf checked back on the project page last night at 11pm, and discovered that 205 people had already pledged a whopping $519,000. As The Washington Post’s Jonathan O’Connell reported earlier in the evening, the site crossed the $300,000 threshold in just two hours.
While the $519,000 number only symbolizes investment interest (i.e. no one has written a check yet), it obviously bodes well for the project moving forward.
For more details about the revamped Fundrise process, click here.
See other articles related to: fundrise
This article originally published at https://dc.urbanturf.com/articles/blog/fundrise_attracts_519000_in_one_day/6560.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro