Patch of Land Announces Three Partnerships at Lendit

May 5, 2014

From PR Web

Patch of Land, the go-to online platform for peer-to-peer real estate lending, announced partnerships with broker-dealer WealthForge, P2P lending search and analysis software developer Lendvious and alternative asset custodian Kingdom Trust. Each partnership offers unique capabilities intended to provide best services and practices for the Peer-to-Peer Real Estate Crowdfinancing community. The announcements were made at Lendit, the world’s largest peer-to-peer and online lending conference.

Patch of Land – WealthForge

Patch of Land and WealthForge today announced a collaboration to help make online real estate investing, specifically into real estate loans, more accessible for accredited investors. Patch of Land, which to date has funded more than $2.3 million in real estate transactions through a mix of its own pre-funding mechanism and accredited investors is working with WealthForge as its broker-dealer. WealthForge, which helps enable online private investments in a variety of industries, provides its clients with the technology and oversight needed to complete transactions within Securities & Exchange Commission (“SEC”) regulations.

“Working with WealthForge provides an added level of oversight for our clients, ensuring our investment offerings are 100% compliant,” says Jason Fritton, COO and Co-Founder of Patch of Land. “The partnership frees up more time and energy to investigate and select the best real estate opportunities for our investors, and that’s the right place for our focus.” “Patch of Land is experiencing tremendous growth – funding 10 properties in just 7 months. As we continue to expand our investor community and our focus on high-yield, asset-backed, real estate debt, we felt it necessary to align with an established broker-dealer fully capable of handling our increasing volume levels in accordance with all SEC regulations.”

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