LOS ANGELES—RealtyMogul.com has proven to be a full capital stack platform, as the company's CEO Jilliene Helman has been promising since its inception. The crowdfunder closed a debt and equity transaction for the acquisition financing of Bristol Park Apartments, a 112-unit apartment building. Sponsors Evolution Partners and Triumph Management Group borrowed a combined $10.12 million, $7.59 million in bridge debt financing from RealtyMogul.com's institutional investors and $1.59 million in equity raised through the firm's investor crowd.

"I have been talking about doing a full capital stack transaction for two years now. When I was in venture capital meetings and pitching the kind of company that we want to be, that was always one of the things that I said, and I had never done it. It was more about sharing the vision of the business and sharing where we see the opportunities are going to be and where we see the competitive advantage," Helman tells GlobeSt.com. "This is such an historic transaction for us because we finally did it."

The blended funding is 90% of the total purchase price of the property. The sponsors originally came to RealtyMogul.com for equity financing, but was also a good candidate for the company's debt program. "We said that we would also like an opportunity to quote you on the debt. If we could meet or beat your debt quote, we would like you to strongly consider us," says Helman. "We have both CMBS and bridge loans. We actually provided the sponsor with both a CMBS quote and a bridge quote. The sponsor ultimately chose to go bridge because they were able to get higher proceeds for reserves and holdbacks as they do the renovation for the asset." Bristol Park Apartments is located in Fayetteville, NC, near Fort Bragg, and is 95% occupied. The sponsors' five-year business plan includes renovations and phasing out lease-up concessions over the next five years.