Chinese Investors Crowdfunding US Real Estate Deals

With the Chinese economy backtracking, middle class Chinese investors are looking to Brooklyn and Tennessee to stash their devaluing yuan.

A number of real estate crowdfunding sites are targeting the Chinese investor by offering them a (relatively) safe place to put their money.

Using the app Haitou360, a New York-based investment service re-invests the funds into American crowdfunding property finance platforms, such as Realty Mogul or Patch of Land.

The app says that those investors “can expect earn returns of 7% to 10%, depending on the duration of the investment, plus a 1.2% gain from dollar appreciation”.
http://qz.com/861987/middle-class-chinese-swapping-yuan-for-dollars-are-funding-gentrification-in-brooklyn/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, Legislative Intent, SEC, Small Business and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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