Merchant developer Metronomic launches crowdfunding platform

  • 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.

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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.