LOS ANGELES—Last week, GlobeSt.com reported on our conversation with several executives familiar with the subject about both the positives and negatives to crowdfunding. Here, we speak with a fresh crop of financing and crowdfunding experts about the pros and cons of this method of fundraising. And stay tuned for an upcoming feature on crowdfunding's progress in our sister publication Real Estate Forum.
GlobeSt.com: What are the pros and cons to crowdfunding in CRE, as you see them?
Dan Miller, co-founder and president, Fundrise: Through a crowdfunding platform, firms are able to raise funds more quickly without having to use a broker and pay the high fees traditionally associated with that process. Electronic systems employed by crowdfunding firms can also speed up the underwriting and fundraising process, while allowing for transparency not often seen in commercial real estate deals, allowing for the ideal competitive situation when trying to achieve a transaction.
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