MainStreet Launches Crowdfunding Site for Commercial Real Estate

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MainStreet, a mortgage investment company in New York, has launched a crowdfunding site for lending and investing in commercial real estate.

The lending platform is designed to allow borrowers to directly apply for loans, MainStreet said in a press release Friday. The company expects to provide over $100 million in business lending over the next 12 months.

“We believe that by using an online underwriting interface, we can empower main street investors to finance credit-worthy real estate borrowers,” said Patrick Janson, a co-founder at MainStreet, in the release.

Additionally, the platform offers investment opportunities with average durations of six to 12 months.

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