Archive List for Crowdfunding

LexShares Case #281 Resolved

Crowdfunding

Summary My 7th investment into commercial litigation crowdfunding has reached an out-of-court settlement. It’s 73 days from the time of capital commitment to distribution, or 60 days from a disbursement of funds. The investment has generated 1.79x MOIC and 1740% XIRR. Funding In July 2017, LexShares opened a new investment opportunity. Projected net return was […]

EVIVA Midtown Project Repaid (iFunding)

Crowdfunding

EVIVA Midtown Add-on Project Paid Off My 1st preferred equity investment on commercial real estate project has completed. It’s 366 days from the time of capital commitment to the repayment of principal and accrued interest. The investment has generated 19.45% XIRR. Funding In September 2016, iFunding announced a $600,000 preferred equity follow-on offering for EVIVA Midtown. The […]

ProudLiving Project Terminated (iFunding)

Crowdfunding

ProudLiving Project Has Been Terminated My 2nd preferred equity investment on commercial real estate project has been terminated. It’s 36 days from the time of capital commitment to the return of subscription. The estimated opportunity loss was $3,330. Funding In September 2016, iFunding announced a $1.4 million, 2-year preferred equity investment in an apartment portfolio acquisition […]

How to Liquidate and Close a Lending Club IRA Account

Crowdfunding

Backstory I made a prior-year contribution to my traditional IRA in January, thinking that contribution would be tax deductible. Unfortunately that was not the case. An issue came up as the non-deductible IRA contribution was already fully invested in my Lending Club IRA account. I ended up having to liquidate notes to execute a backdoor […]

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