The company intends to sell 'substantially all of its assets,' including its technology platform to pay creditors that include thousands of retail investors
Opinion
Playhouse is brand new, features a price-guessing game and has recently had an infusion of venture capital. The pitch is that it's TikTok, but for real estate
With Secondary Marketplace, investors will be able to sell fractional positions in loans and create more flexibility in adjusting portfolios as needed to achieve investment goals
The Evolving Neighborhood Uplift Fund is designed to provide funding for would-be entrepreneurs in traditionally underserved communities
The peer-to-peer investment platform also added more loan instruments to its Automated Investing product
The startup company's new loans target lenders who want to reach investment property buyers
New mortgage-backed securities (MBSs) could benefit communities, but also may raise concerns
Deal shows how developers can use crowdfunding to sell equity