—— CrowdFunz Quick Loan Fund 602 has been successfully financed, and investors are now waiting for dividends!

On June 30, CrowdFunz Quick Loan Fund 602 which invests in the large-scale commercial complex at 8th Avenue, Brooklyn, has completed its total $1 million fundraisings, and all investors’ principals have transferred to the third-party custodial account.

The estimated annualized return of Fund 602 is 8%. Fund dividends are paid monthly, and the first dividend will be paid on August 1, 2016. Investors can check their investor’s statements at any time in their CrowdFunz accounts, and we will also update the progress of the project in time.

The funds issued by CrowdFunz currently invest in New York real estate projects with good development prospects. We have a professional due diligence team that conducts strict review and screening of projects and implements comprehensive risk assessment to provide investors with risk-adjusted returns.

The success of Fund 602’s financing is inseparable from the client’s active support, thanks for your support and trust. CrowdFunz will launch more quality-based real estate funds in the following period of time.

Fund Review

  • Minium Investment: $50,000
  • Investment Type:Bridge Loan
  • Raising Amount: $1,000,000
  • Annualized Return: 8%
  • Investment Period: 6-12 Months
  • Closing Date: 06/30/2016
  • CrowdFunz Rating: A
  • Investment Qualification: U.S. Accredited and Foreign Investors

CrowdFunz Quick Loan Fund 602 is a debt investment fund. The project developer applied for a bridge loan of $1 million.

As part of the bank loans of the developers are about to expire, the loan originated by Fund 602 is applied for solving the developer’s short-term financing gap.

Project Highlights

  • Sufficient Collateralized Value: The loan issued by Fund 602 is secured by the assets of the project entity, and the value of the collateral far exceeds the financing amount
  • Principal Security: The principal invested in Fund 602 will be handed over to a professional third-party institution for custody to ensure safety and independence
  • Short-term Maturity: the investment period is 6-12 months, avoiding uncertainty
  • Prime Location: The project is located in a large Chinese-inhabited area in New York. The population is increasing rapidly, and the flow of people is huge. It is hard to find a shop.

If you have any questions about your funds and investments, please feel free to contact us: +1(516) 829-0700; info@crowdfunz.com; +1(516) 829-0700; info@crowdfunz.com.