Los Angeles-based crowdfunding startup Patch of Land is employing a little marketing spin on its latest properties — a  modest 1,742-square-foot single-family home in Bridgewater, N.J., to be flipped after “minor rehab”; a duplex in a “well-established blue-collar neighborhood” of Jersey City that will require a “full gut”; and another Jersey City home that’s being remodeled to bring it up to code as a two-family property.

A press release announcing the “release” of the three properties describes them as being “near the Manhattan suburbs.” The press release references “Manhattan” three times, but does not mention New Jersey. Patch of Land is helping developers of the projects obtain 12-month loans totaling $356,000 at 8 to 10 percent interest.

The company says accredited investors with income of $200,000 or more a year or a net worth of $1 million can “become a real estate investor within minutes with electronic document signing and fund transfers,” with potential returns of 8 to 15 percent on investments of as little as $1,000 on featured properties. Source: prweb.com

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Last call: ticket prices for ICNY go up at midnight. Thousands of real estate pros will be there. You won't want to miss it!Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription