PHOENIX—Patch of Land, a crowdfunding platformthat brings together borrowers and lenders through an onlineinterface, announces its largest loan offering to date: The RamadaHotel located on the historic Main Street of America, Route 66.This investment offering expands Patch of Land's nationwide reachinto Arizona. The investment offering is listed at $3.2M with an18-month loan term at 10% APR and 47% LTV.

“We are thrilled to offer an investment opportunity along thehistoric Route 66, since it is a true American icon,” says JasonFritton, co-founder and CEO of Patch of Land. “We make investingsimple, easy, and transparent for anyone who is interested indiversifying their portfolio. With the Ramada Hotel being ourbiggest loan yet, Patch of Land continues to grow as an originatorof diversified loans that help borrowers and investors make theirgoals a reality.”

Patch of Land is helping thousands of investors from across thecountry invest in residential and commercial properties that span22 states. With its core focus on single-family residential andmulti-family short-term lending, Patch of Land will continue topush into other commercial loan types such as office, retail andmixed-use, along with the addition of hotels, such as The RamadaHotel, a multi-tenant retail property.