A Coral Gables-based developer has launched a private crowdfunding platform focused on sub-$1 million equity raises for its market-rate multifamily projects. The developer, Metronomic, is attempting to raise $650,000 to $900,000 for both a smaller rental project in Little Havana and a mixed-use building in Coconut Grove.
- Minimum investment required per project is $2,000.
- Sub-$1M equity raises can be hard for developers.
- Developer is concentrating on market-rate multifamily projects in Little Havana and Coconut Grove.