LOS ANGELES--(BUSINESS WIRE)--RealtyMogul.com, a leading online marketplace for commercial real estate investing, today announced the launch of its first commercial real estate fund, MogulREIT I. Structured as a real estate investment trust (“REIT”) with a minimum investment of $2,500, the fund is open to nearly all* investors and offers the potential for consistent cash dividends and equity appreciation.
MogulREIT I has been designed to offer investors a number of distinct advantages. By investing in the “REIT,” investors will gain access to a diversified pool of commercial real estate investments with one single investment. The fund intends to invest in a variety of commercial real estate, including multifamily, retail, self-storage and office.
The fund is also designed to have low fees. Traditional non-traded “REITs” employ a highly manpower-intensive sales method, resulting in upfront sales commissions of 7 percent, on average, and total expenses of up to 15 percent.** By offering MogulREIT I exclusively on its platform, RealtyMogul.com affords investors direct online access to the product with no sales commission and offering expenses capped at 3 percent.***
“Beyond the zero commissions and lower fees, the fund’s strategy is exciting because it allows us to leverage RealtyMogul.com’s hundreds of inbound inquiries for financing on commercial real estate and curate them to find suitable opportunities,” said RealtyMogul.com CEO Jilliene Helman.