Our Crowdfunding Network Is Growing Part 37

We had our first checkpoint with GroundBreaker last Friday on the progress for our new white label solution.  Almost all of our static content has been migrated and they're working to pull the images to their file servers.  A lot of the SOW remains to be implemented over the next 3 or so weeks and we have a huge backlog of additional features we'd like to implement as part of "Phase 2" of our implementation.  

So far this week we have found 4 new investors through our various marketing channels.  My goal is much higher than this so we need to implement new channels and optimize what we have.  We're working on reporting with our CRM to track this weekly going forward.  Some folks are also helping me with a marketing plan for this effort and we should make some good progress on it over the next few months.

Our Fundrise network is up to 180 investors with $10.75M.  I still haven't heard back from them about listing things on their portal after they called out of the blue several weeks ago.  No surprise....pretty much part for the course there.  RealtyShares reached back out again this week and I told them that I am selective about who we choose to do business with.  After they rudely dismissed me about getting on the phone I have no interest in working with them.

We're about to list our 3rd deal with iFunding.  This will be our first debt raise for 1124 Linden Street in Austin.  We have done a ton of work getting the loan documents ready and figuring out the deal structure.  Debt is tougher to justify given how much more expensive it is relative to construction loan money and the easiness of hard money.  There is upside in developing a network of debt subscribers though so we'll give it a try to see how it goes.  

There is still a ton to do with media, article writing, marketing plans, and new raises.  I'll report back in soon as time allows.