Crowdfunder Targets Underserved Small-Commercial Market

LOS ANGELES—Patch of Land is expanding from its single-family residential focus into small-commercial properties in the $1 million to $10 million range. The peer-to-peer lending platform was motivated to make this transition because of the underserved small value commercial real estate market. This is a natural evolution for the company, which has already developed sophisticated software and data analysis for its residential and small multifamily business. As a result, Patch of Land, which is more tech company than commercial real estate company, needed only 60 days to make the move into commercial assets. To find out about the market trends behind this transition and the benefits of peer-to-peer lending, we sat down with the company’s co-founder and CEO Jason Fritton for an exclusive interview.

GlobeSt.com: What are the market conditions behind your decision to expand from a more residential focus into a commercial focus?