Crowdfunded real estate platforms continue to evolve. As Crowdfund Insider is reporting, Propellr Becomes a Broker Dealer Raises $1.6 Million in Convertible Debt.
Propellr, an accredited investment crowdfunding platform focusing on the real estate sector, has now registered as a broker-dealer. Simultaneously, via a small group of existing investors, Propellr has raised $1.6 million in convertible debt. Proceeds from the new funding will be utilized for business expansion including compliance and engineering.... Propellr, while having focused solely on real estate, said it intends to broaden its approach and is in the “process of rolling out multiple innovative alternative asset classes previously limited to a select few.”
