Crowdfunder Realty Mogul helps finance $8.7 milllion deal

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Realty Mogul helped Chicago-based Brennan Investment Group raise $1 million of the $8.7 million purchase price of an industrial park in Indianapolis, IndyStar.com reports. Investors participating in the deal through the crowdfunding startup will get a share of the rental income.

Realty Mogul raised $9 million in March that the company said would allow it to help more qualified investors buy shares in commercial and residential properties for as little as $5,000. Source: indystar.com.