Business
Second Street Capital to offer crowdfunding
Second Street Capital to offer crowdfunding.
About this update from Life Electric Vehicles Holdings Inc.
[{"type":"text","content":"Second Street Capital to begin offering Crowdfunding to Accredited Investors\n9/23/2013\nFort Lauderdale, Florida ? Second Street Capital, Inc. (CTON)\n \nWith the signing of the Jobs Act, there?s a lot of buzz going on about crowdfunding for real estate. Now that the rule changes for general solicitation of Regulation D offerings has become effective, it stands to revolutionize the way real estate deals can get funded - one deal at a time. \nKyle Meyer, CEO of Second Street Capital, a specialty real estate finance company that helps builders and developers secure financing for development of new housing projects, stated, ?Next month our company plans to launch Open Source Capital, a free marketplace for homebuilders and accredited investors to meet online and discuss new real estate projects.? \n?Second Street Capital will now be able to help its builder/developer clients raise equity capital, using crowdfunding as a new method of raising money to help fund real estate projects.?\nProjects will be vetted by Second Street Capital, employing institutional quality due diligence and research techniques to help maximize a project?s future value. ?Every project we endorse will be structured to make sure the developer is applying best practices for successful investing.?\nDissimilar to other Crowdfunding Intermediaries that use their platforms as a catch-all for every business idea, SSCI?s web site will feature a limited number of real estate projects that have been pre-selected by SSCI and have gone through SSCI?s due diligence process and qualify for SSCI?s debt financing. \nOnce SSCI has approved a project, the sponsor can post their project on the SSCI?s Open Source Capital website. Sponsors must comply with all necessary licensing, policies and regulations pertaining to all local, state and federal laws.\nAbout Second Street Capital, Inc.\nSecond Street Capital, Inc., a publicly traded company (CTON) is a specialty finance company, providing revenue participation loans to small and medium size homebuilders. Headquartered in Fort Lauderdale, Florida, the company helps facilitate the flow of capital to community based homebuilders and developers to support job growth, share prosperity and increase the local tax base. \nInformation included in this press release may contain forward looking information that is ...