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Our Lending process is as simple and intuitive as the cloud can make it. We’re here to help you expand your operation and do what you do best, without worrying about capital needs. Sharestates has loaned out nearly $1 billion since its inception and now closes about $50 million in new loans every month. Sharestates is asset class agnostic. Whether it’s a Residential 1-4 Family property, Multi-Family property, Mixed-Use property, or otherwise – we’re here to provide you with the funding you need. You’d just need to pass our 34-point screen that emphasizes your credit score, experience, and track record. Our platform can provide you with short term bridge loans, mid-term and/or long-term rental loans.
Sharestates knows investors who are as eager as you to get started. We also have the streamlined process to funnel that cash where it can do the most good. And we only approve your application if we’re sure you’re a good borrower. That’s why Sharestates can offer you interest rates as low as 7% — far less than you might find on other platforms or through other lenders.
Property Geographic Area Details
Nationwide except 4 states: NV, ND, SD, VT
Loan Amounts
$100,000 to $20,000,000
Interest Rates
7% to 12%
Max Loan-To-Value
75.00%
Max Loan-To-Cost
80.00%
Origination Fees
0.5% to 4.0%
Loan Terms
6 months to 120 months
Lien Position
- 1st
Loan Purpose
- Investment Acquisition
- Investment Refinance
- Improve Subject Property
- Use Equity to Invest in Another Property
- Value Add Project
- Development Project
Property Occupancy
- Vacant
- Tenant Occupied 100%
- Tenant Occupied Partial
Minimum Occupancy Percentage
75%
Property Types and Loan Types
Collateral Types
- Residential Property
- Commercial Property
Property Types
- 2-4 Units Residential
- Mixed-Use
- Multifamily
- Office
- Retail
- Single Family Residence
Loan Types
- Private Money
- Hard Money
- Commercial Bridge
- Residential Bridge
- Commercial Property Value Add
- Residential Fix and Flip
- Residential Rehab and Rent
- Residential Ground-Up Construction
- Commercial Long-Term
Specialty Loan Types
- Residential Long-Term Rental
- Partner Buyout
Purchase Loan
Max Loan-To-Purchase Price
80.00%Borrower Must Have Property Under Contract
noWill Provide Proof of Funds Letter
yesWill Consider Lending on Purchase from Auction
yesAllowed Source of Borrower’s Equity
- Own Cash
- Partner
- Equity in Another Investment Property
- Family
Rehab Value Add Loan
Experience Required
yesMinimum Number of Value-Add Projects Completed by Borrower
1Will Provide Funds for Renovation Costs
yesMax LTC for Renovation Costs
80.00%Interest Charged for Renovation Costs
Only on Funds DrawnTypical Number of Days for Funds Draw
5Construction Loan
Development Experience Required
yesMinimum Number of Ground-Up Construction Projects Completed by Borrower
2Max LTC for Ground-Up Construction Costs
80.00%Interest Charged for Construction Costs
Only on Funds DrawnWill Lend on Partially Completed Construction Projects
yesDetails and Requirements
Typical Closing Time (Days)
15Fastest Closing Time (Days)
10Works With
- Brokers
- Borrowers
Payment Structure
- Interest Only
- Amortized
Payment Structure Details
Most loans are Interest Only. Amortization only applied to long-term commercial and residential rental loans.Pre Payment Penalty
no
Will lend to a foreign national
no
Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage
noWill Consider Collateralizing Multiple Properties in One Loan
noWill Consider Equity Joint Venture
no
Borrower Entity Types Considered
- LLC
- Limited Partnership
- Trust
- Corporation
Documentation Required
- Credit Report
- Tax Returns
- Bank Statements
- Financial Statements
- Loan Application
Personal Guaranty (Recourse) Required
AlwaysCredit Check Required
yesMinimum Credit Score Required
620Appraisal Required for Residential Property
Always Before FundingAppraisal Required for Commercial Property
Always Before FundingBroker Price Opinion (BPO) Accepted for Residential Property
SometimesBroker Price Opinion (BPO) Accepted for Commercial Property
SometimesFees
Legal Disclaimer
Sharestates Investments, LLC is licensed by the Department of Business Oversight, California Finance Lender #60DBO-63030. Arizona Mortgage Banker License #0946263. NMLS ID #1538766.
Sharestates is a real estate investment marketplace that allows individual and institutional investors to participate in rigorously vetted debt offerings. All of the offerings on Sharestates’ platform have passed through a 34-point underwriting process. Founded by Allen Shayanfekr and real estate veterans, Radni Davoodi and Raymond Y. Davoodi of the Atlantis Organization, Sharestates has combined proprietary technology with a proven track record of business development expertise to become the fastest growing real estate crowdfunding marketplace, doubling every year since its 2015 launch.
License
NMLS #1538766, CFL #60DBO-63030, AZ Mortgage Banker #0946263
Year Established
2013
Associations
- Marketplace Lending Association - Member
- American Association of Private Lenders - Member
- Mortgage Brokers Association - Member
- Forbes Real Estate Council - Member
Office Locations
11 Middle Neck Road, Suite 316, Great Neck, NY 11021Primary Capital Source
- Own Funds
- Other Private Lending Companies
- Private Equity Funds
- Hedge Funds
Alternative Capital Sources
- Individual Investors
- Crowdfunding
- Asset Management Companies
Loan Structure for Majority of Loans
- Own Balance Sheet
- Multiple Investor Fractionalized Note
- LLC Syndicated Investors
Alternative Loan Structures
- Table Funding with Capital Partner
- Table Funding with Bank
Percentage of company’s lending business focused on private mortgage
100%
Company’s Other Business Activities Besides Private Mortgage Lending
- Commercial Mortgage Banking
- Residential Mortgage Banking
- Commercial Real Estate Investing
- Residential Real Estate Investing
- Real Estate Development
Percentage of Loans Secured by Commercial Property
14%
Percentage of Loans Secured by Residential Property
56%
Percentage of Residential Property Loans Which are Fix and Flip
57%
Percentage of Loans Secured by Land
4%
Total Number of Loans Funded to Date
1694
Total Loan Volume Funded to Date
$1,529,000,000
2017 Number of Loans Funded
546
2017 Loan Volume Funded
$531,311,000
2018 Number of Loans Funded
799

Michael Ramin
VP, Business Development (National)
Michael is the VP of Investor Relations and Business Development at the Atlantis Organization. Since taking over this position in 2012, Michael has created alliances with some of New York's largest developers and investors. Michael's clients alone have closed or developed over $300 million in projects in the last year. Prior to Atlantis, Michael managed over 4,000 commercial and industrial properties for the Metropolitan Transportation Authority. Further, Michael negotiated the acquisition and disposition of properties requisite to expanding and improving the transportation network for the MTA. Michael will use his knowledge & experience in the Sales/Marketing phase to procure investors and sponsors for the expansion of the site and company user base. In addition, Michael is spearheading the development of the Sharestates social media platform.