Realty Mogul announced that it had passed the $8 million mark in the amount of financing invested in real estate to date. The figure represents the cumulative amount invested by the many accredited investors who have participated in the various real estate projects with which Realty Mogul has become involved. The company also announced that it has to date distributed back to investors more than $500,000 in investment returns and principal repayments.
"It's been exhilarating to see our rapid growth over the space of just a few months," said Jilliene Helman, founder and CEO of the real estate crowdfunding company - Realty Mogul. "Our initial focus on loans for residential renovation projects has now evolved to include equity participations in major commercial real estate ventures involving shopping centers, apartment buildings and self-storage facilities. Our existing investor base has grown increasingly comfortable with the platform, and new users are registering on our site at an accelerating rate."