- Automates participation in first-lien real estate loans based on personal, pre-selected criteria
- Allows minimum investment of $1,000 per opportunity, facilitating portfolio diversification
- Provides priority access to opportunities before they are publicly available on Patch of Land’s crowdfunding platform
Los Angeles, California, September 25, 2017 (Newswire.com) - Patch of Land, a leading online real estate lending marketplace engineered to help real estate investors build wealth and generate cash-flow, has introduced AutoInvest. The new technology automatically secures access to Patch of Land investment opportunities that match participants’ pre-selected customized investment criteria. Additionally, AutoInvest facilitates portfolio diversification with a new, lower minimum investment of $1,000.
The technology allows AutoInvest participants to immediately reserve positions and secure placement in highly-desired investment opportunities. Once participation is secured based on their pre-selected investment criteria, investors are notified via email and have 24 hours to opt out of the investment.
“AutoInvest participants will no longer need to spend time sifting through dozens of real estate investment opportunities to find the ones that best fit their investment strategy. Investors can now leverage AutoInvest to automatically participate in the loans that match their personal investment criteria,” said Paul Deitch, Patch of Land’s Chief Executive Officer. “This feature is another way Patch of Land is helping investors build a diversified portfolio of loans on assets backed by first-lien mortgages.”
Sharing insight on the technology, Patch of Land co-founder and Chief Technology Officer Brian Fritton explained, “Using an investor's pre-selected investment criteria, our system is able to immediately match and reserve a position in investment opportunities on our platform. When an opportunity is over-subscribed, the technology ensures all appropriate participants are enrolled by using a proprietary allocation algorithm to prorate an equitable portion of the opportunity to their portfolios.
Fritton added, “AutoInvest also enables participants to conduct a 12-month back test of the potential returns that could have been generated by the loans allocated according to the selected investment criteria. This analysis helps illustrate how well the selected investment criteria matches the participant’s personal investment objectives based on the opportunities from the previous year.”
To use AutoInvest, platform participants simply enable the AutoInvest feature from their Investor Dashboard on the online portal. They are then prompted to select their investing criteria, which includes their desired monthly investment limit; designate a maximum investment amount for each opportunity; choose their minimum annual percentage rate (APR); select the preferred loan term, from 12 months to two years; and pick the project type with which they are most comfortable. With that input, the platform’s technology curates matching investments and automatically includes the participant in deals at the desired level.
More information, including an introductory video can be found on the Patch of Land website.
About Patch of Land
Since issuing its first real estate loan in October 2013, Patch of Land has been recognized in the financial technology space as a leader in online real estate lending. The company employs proprietary technology to efficiently fill a void in the real estate finance industry by providing borrowers reliable access to capital for residential and commercial real estate projects. The platform also establishes a marketplace through which qualified individual and institutional investors can participate in private real estate projects with low minimum investments, predictable returns, and first-lien secured loans.
More information is available at www.PatchofLand.com or by calling 888-959-1465.