Clients of commercial real estate crowdfunding platform Selequity can now get short-term financing from CRE lender Virtual Realty Enterprises.
The goal of the partnership is to provide Selequity's clients and project sponsors more flexibility in the size and types of deals they are able to fund through the platform.
Virtual Realty specializes in office, retail, multifamily and hospitality properties.
The two connected at technology publication TechCrunch's "Disrupt" conference, according to a statement made by Selequity chief executive AJ Chivetta in a release. The partnership represents a synthesis of legacy CRE finance and the burgeoning CRE crowdfunding sectors.
Selequity recently closed its beta phase, raising $2.6 million of equity for a shopping center in St. Louis.
