Article via Phoenix Business Journal
New York-based Sharestates Investments LLC has entered the Arizona real estate investment market.
The company has been approved as a lender by the Arizona Department of Financial Institutions. That allows Sharestates to offer loan products to real estate investors, developers and speculators in the local market.
“Moving into Arizona is an opportunity for our company to make an impact on a growing real estate market,” said Sharestates CEO Allen Shayanfekr.
Sharestates is part of the growing crowdfunding business in the real estate sector. Crowdfunding involves raising money from grassroots or a large pool of smaller investors. It was made popular by technology and creative companies.
