What's Hot: The 4 Projects in the Works (Or on Hold) Near DC's Starburst Intersection | This Week's Find: Fit For Art in the Palisades
Fundrise to Start Financing Single-Family Fix-and-Flips

Fundrise, the commercial real estate crowdfunding company, is getting into the single-family flipping business.
The company plans to hand out up to $10 million a month in funding to real estate investors for purchases, renovations and rehabs of single-family homes, it announced in a news release on Tuesday. Eligible developers have to show “a proven record of successful purchases and rehabs” in the markets they are buying in to be eligible for funding. Fundrise is looking to finance projects in the country’s top-10 to top-15 biggest real estate markets.
The company launched in 2012 as a platform that allows people to invest in large real estate projects. The model’s been successful enough that Fundrise raised $38 million in its most recent round of funding. That money will jumpstart the single-family funding project, according to the company’s CEO, Ben Miller.
“Our successful Series A funding has allowed us to create a new product line dedicated to funding high-quality single-family home projects,” he said in the release. “We believe that by pre-funding these deals, we can compete with traditional hard money sources while providing more flexible capital via the crowd.”
UrbanTurf talked to Miller about Fundrise’s own capital-raising strategy earlier this year. The company is best known locally for its investments in commercial real estate and a handful of multifamily projects around the District. A Shaw property that Fundrise opened up to investment earlier this year raised more than $100,000 via the platform in just two hours.
See other articles related to: fundrise
This article originally published at https://dc.urbanturf.com/articles/blog/fundrise_to_start_financing_single-family_fix_flips/9314.
Most Popular... This Week • Last 30 Days • Ever

Our guide for amateur landlords who don't really know what they're doing.... read »

The Massachusetts Avenue Heights home was previously owned by the former chief execut... read »

A large new apartment and townhouse project has been pitched for the growing pipeline... read »

On Friday, Mayor Muriel Bowser and the Office of the Deputy Mayor for Planning and Ec... read »

In this week's Under Contract, we highlight two homes that found buyers just shortly ... read »
- The Essential Guide to Being an Amateur Landlord in DC
- Washington Spirit Owner Michele Kang Lists DC Home for $14.5 Million
- A Two-Phase, 370-Unit Development Pitched For Columbia Pike Gas Station Site
- Apartments, A Plaza + Dave Chapelle: The Future Plans for 14th and U
- Under Contract: That Didn't Take Long
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. Visit guides.urbanturf.com or 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