zoll
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Post by zoll on May 16, 2016 10:23:30 GMT
Hi to all, I was wondering if anybody has experience or can point me in the direction of platforms that offer opportunities based on equity joint ventures with vetted and experienced sponsors/partners doing real estate developments or buy and holds. This is a model that appears to be the very common in the USA, but thus far I have not managed to find any significant players in the UK market. (Just to clarify - I am not referring to models such as offered by PM or PP- both of which I am currently investing with) I did come across this site: Cogress - which after a precursory look appears to be offering a form of the above, although I haven't yet done any deep DD. Has anybody had any experience with them ? Know of any others ? Thanks all for any input. |
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Post by solicitorious on May 16, 2016 10:36:40 GMT
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zoll
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Post by zoll on May 16, 2016 11:16:36 GMT
Thanks- any experience with them ?
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Post by solicitorious on May 16, 2016 11:20:00 GMT
Thanks- any experience with them ? Nope. I registered, but - at this point in time - decided it's not for me. I may look again at some point.
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zoll
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Post by zoll on May 17, 2016 11:18:33 GMT
Thanks again solicitorious for the link. - I had a look at them- They seem to be offering mainly JVs for Buy to Lets with a "managing" partner who is essentially the landlord. Not exactly what I was looking for - it appears to very similar to PP and PM only with a third party "partner" who would be managing the property in the middle in return for part of the equity. FWIW I have registered and have reached out to them for some further DD- but so far no response. I am looking for a platform that would allow me to partner with a recognized, experienced sponsor/ developer for projects in the residential/ commercial/ industrial sector. Essentially a model that has been around for a long time in private syndications- but packaged in a CF format with lower entry points. Would be happy if anybody else could chime in with some suggestions - (I cannot believe this model is so difficult to find in the UK while being almost the norm of the better CF platforms overseas.) |
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Post by wiseclerk on May 17, 2016 12:30:53 GMT
Not sure I understand what you want - have you looked at TheHouseCrowd ?
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zoll
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Post by zoll on May 17, 2016 13:05:23 GMT
Not sure I understand what you want - have you looked at TheHouseCrowd ? Yes I have. They are similar to PP and PM - buy and hold a share of a cash flowing property, managed by the platform or their reps. I am looking for a platform that connects the crowd with a professional RE company/ sponsor/ developer - looking to JV on ventures in exchange for equity. Just for example 2 US platforms (There are many others): Real Crowd or Acquire - You cant see all the details of the offerings or fully funded projects unless you register- but I think you can get the idea.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 19, 2016 12:35:11 GMT
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jonah
Member of DD Central
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Post by jonah on May 19, 2016 20:02:48 GMT
Up to 50% per annum interest!
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adrianc
Member of DD Central
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Post by adrianc on May 20, 2016 7:32:40 GMT
Up to 50% per annum interest! Yeh, my bank pay interest at "up to 50% per annum", too.
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Nomad
Member of DD Central
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Post by Nomad on Jan 17, 2018 13:57:01 GMT
I did come across this site: Cogress - which after a precursory look appears to be offering a form of the above, although I haven't yet done any deep DD. Has anybody had any experience with them ? This looks like an interesting operation. Does anyone have any experience with them?
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zoll
Posts: 52
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Post by zoll on Jan 17, 2018 15:25:28 GMT
I did come across this site: Cogress - which after a precursory look appears to be offering a form of the above, although I haven't yet done any deep DD. Has anybody had any experience with them ? This looks like an interesting operation. Does anyone have any experience with them? I went ahead and invested in 3 offerings of theirs since this thread was started. So far so good- They appear to be a very polished operation and developments progressing as per business plan on the whole. All the offerings are development opps- so no cash flow during the term of the investment. Pretty high minimums of 20K per investment. They deliver detailed quarterly reports- its not really P2P but more old fashioned RE syndication packaged in a shiny new wrapping. Definitely need to do your own DD if considering a particular offering. Waiting for my first exit in about 12 months and will be wiser. Happy to provide more info if of interest. If you intend proceeding- can provide a referral- (believe they may give a referral fee to both sides.)
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p2pfan
Member of DD Central
Full-Time Investor
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Post by p2pfan on Mar 20, 2022 14:50:41 GMT
This looks like an interesting operation. Does anyone have any experience with them? I went ahead and invested in 3 offerings of theirs since this thread was started. So far so good- They appear to be a very polished operation and developments progressing as per business plan on the whole. All the offerings are development opps- so no cash flow during the term of the investment. Pretty high minimums of 20K per investment. They deliver detailed quarterly reports- its not really P2P but more old fashioned RE syndication packaged in a shiny new wrapping. Definitely need to do your own DD if considering a particular offering. Waiting for my first exit in about 12 months and will be wiser. Happy to provide more info if of interest. If you intend proceeding- can provide a referral- (believe they may give a referral fee to both sides.) I'm not sure if you may respond as you've not been in these forums since 2020, but did you manage to fully exit from Cogress? For those not in the know, it's just been announced they went into Administration Wednesday? The notification was emailed to investors on Friday evening and is also on the bottom of their website. Proves once again that one never knows when any of these property developers or their intermediary platforms will suddenly go bust :-( As almost always happens, the Administrators will devour all the funds extractable from the business over the next few years and lenders will get nothing or very little.
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