LOS ANGELES—AssetAvenue, an online funding platform that matches investors, brokers, borrowers and lenders together, has closed $13.3 million in deals this past week. The transactions funded acquisitions, rehabilitations and refinances for four commercial real estate properties. The loan sizes ranged in value from $475,000 to $5 million.

“This points to AssetAvenue's value proposition on both the supply and demand side of our platform,” Chris Ganan, president of institutional investments at AssetAvenue, tells GlobeSt.com. “On the supply side, our focus on small balance, $20 million and less, senior secured loans really brings a unique subset of capital to an underserved portion of the market. On the demand side, we really provide a fixed-income yield in a transparent manner; our volume thus far demonstrates the trust our diverse ecosystem of capital has placed in our ability to underwrite and price risk.”

The platform focuses on bridge and transitional loans across property types. The four properties to receive these funds include an office property in Los Angeles, a multifamily property in Los Angeles, an office property in San Francisco and a mixed-use complex in Brooklyn, NY. AssetAvenue is extremely pleased with its year-end results, which have exceeded expectations. “When we raised our $3 million seed round this summer, we thought that $10mm by year-end would have been an unbelievable goal,” says Ganan. “We have been pleasantly surprised by how quickly both sides of our ecosystem have adopted our model, and obviously, we're well beyond that goal, and looking forward to a very big 2015.”

Although three of the loans in this group were for properties in California, AssetAvenue is a national platform that funds loans for a range of property and investor types all over the country. Since launching this year, the company has funded loans in Texas, New York, Illinois, Oregon and California. Ganan adds, “We work with a myriad of important partners—brokers, borrowers, and a variety of other lenders to finance loans through our platform. We work with smaller private moneylenders and provide them access to an incredibly diverse investor base. Similarly, we work with larger private moneylenders that previously funded loans within a specific box but now have access to our diverse capital. We work with CMBS originators, banks, and specialty finance companies that refer us properties going through transition so we can finance them on a short-term basis.”