Crowdfunding is steadily gaining a foothold within the commercial real estate investment landscape, with over 100 national platforms currently operating and new ones launching each month. Last week, SaundersDailey, a Minneapolis-St. Paul-based online investment marketplace, made its debut. Unlike most commercial real estate crowdfunding platforms, which offer opportunities with properties across the country, SaundersDailey is a co-invested fund that draws heavily on local expertise and matches community investors to local real estate investment opportunities; as such, it is designed to avoid the underwriting risks associated with crowdfunding on a national basis. Its founder, Marshall Saunders, is a 20-year commercial real estate veteran who formerly owned and ran the worlds largest RE/MAX office. NREI spoke with Saunders about how hyperlocal and national crowdfunding portals differ and how underwriting risks can be avoided.
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