Fundrise Attracts $519,000 in One Day
✉️ Want to forward this article? Click here.
1539 7th Street NW
It appears that the waters have appropriately been “tested” for interest in crowd-funding website Fundrise’s next project.
Yesterday, we reported that the folks at Fundrise had launched an effort called “Testing the Waters” aimed at gauging interest in a property before moving ahead full steam on a crowdfunded investment initiative. The property in question was their next investment offering, a vacant two-story building at 1539 7th Street NW in Shaw.
The site hoped to reach a target of $300,000 in investment interest over the next 30 days to justify moving forward with the project. It didn’t take nearly that long. By the end of the day, they had already exceeded their goal by $200,000.
UrbanTurf checked back on the project page last night at 11pm, and discovered that 205 people had already pledged a whopping $519,000. As The Washington Post’s Jonathan O’Connell reported earlier in the evening, the site crossed the $300,000 threshold in just two hours.
While the $519,000 number only symbolizes investment interest (i.e. no one has written a check yet), it obviously bodes well for the project moving forward.
For more details about the revamped Fundrise process, click here.
See other articles related to: fundrise
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/fundrise_attracts_519000_in_one_day/6560.
Most Popular... This Week • Last 30 Days • Ever
Today, we take a closer look at home insurance.... read »
Monument Realty and Mosaic Realty Partners redevelopment plans for a surface parking ... read »
A new report shows that apartment rents rose ever so slightly in DC over the last yea... read »
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
- A Look at What is Covered By Home Insurance
- 235-Unit Development With Public Park Pitched For Downtown Bethesda Looks To Move Forward
- A Snapshot Of Apartment Rents Across The DC Area
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro