Crowdfunder Realty Mogul hits $10M milestone

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Crowdfunding marketplace Realty Mogul announced today that since its launch in March, investors have funneled $10 million through the platform into 27 properties including multifamily apartments buildings, retail shopping centers and the first-ever crowdfunded self-storage facility.

The Realty Mogul platform allows investors to browse real estate investment opportunities, view transaction details, and sign legal documents online.

Realty Mogul co-founder and CEO Jilliene Helman said in a statement that the site’s success shows “people are frustrated with the low returns offered by banks and are looking for alternative ways to invest.” Site: prnewswire.com.

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