Archive List for Crowdfunding

LexShares Case #281 Resolved

Crowdfunding

My 7th investment into commercial litigation crowdfunding has resolved. Funding In July 2017, LexShares opened a new investment opportunity. Projected net return was 80% in the first 6 months, 20% next 6 months, then 40% every 6 months thereafter. I committed to the case and I wired $75,000 on 7/12/17. LexShares disbursed funds to the plaintiff on […]

EVIVA Midtown Project Repaid (iFunding)

Crowdfunding

My first preferred equity investment on commercial real estate project has completed. Funding In September 2016, iFunding announced a $600,000 preferred equity follow-on offering for EVIVA Midtown. The investment has an estimated 20% preferred return: 8% current return paid monthly & 12% accrual paid at maturity. Target maturity is June 2017 (10 month term). I made a […]

ProudLiving Project Terminated (iFunding)

Crowdfunding

My first preferred equity investment on commercial real estate project has been terminated. Funding In September 2016, iFunding announced a $1.4 million, 2-year preferred equity investment in an apartment portfolio acquisition & renovation in New Jersey. The investment has an estimated 25% preferred return: 9% current return paid monthly & 16% accrual paid at maturity. […]

How to Liquidate and Close a Lending Club IRA Account

Crowdfunding

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 Roth […]

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