Posts Tagged ‘Midwest’

RealCap Chicago Brings Real Estate Crowdfunding To The Midwest

Monday, September 29th, 2014


Chicago, IL (PRWEB) September 22, 2014

Leaders of the real estate crowdfunding industry gathered in Chicago on Thursday for RealCap Chicago, a conference introducing online capital to real estate entrepreneurs. RealCap was produced by The Soho Loft Media Group and sponsored by American Homeowner Preservation (AHP), a real estate crowdfunding platform based in Chicago. David Drake, Founder and Chairman of the Soho Loft moderated the event while AHPs Founder and CEO Jorge Newbery addressed the crowd as the events keynote speaker.

In Newberys address, he highlighted experiences from his own real estate career and noted the tremendous advantages todays entrepreneurs have through the availability of crowdfunding. Newbery started out in real estate in the mortgage industry before moving on to purchasing and developing distressed properties nationwide. Newbery noted that real estate crowdfunding streamlines interactions between real estate entrepreneurs and investors.

In financing the purchase of properties 10 or 15 years ago, I would often go to a handful of investors who were able to commit large sums to single projects, making the process both exclusive and inefficient, said Newbery. Today, with the inception of real estate crowdfunding, you can host a financing campaign online to get $ 5,000 here and $ 100,000 there from many different investors. The process is transparent, to the great benefit of entrepreneurs as well as investors.

Newbery was joined by members of other leading platforms including fellow event sponsor PeerRealty, Patch of Land, GroundBreaker and ShareStates. Following Newberys speech and informative panels, conference attendees participated in workshops including How To Get Your Project Funded Online, Marketing and Publicity Strategies to Make Sure Projects Are Funded and How To Create Your Own Crowdfunding Platform.

Throughout the conference, different industry leaders provided their insight into the nascent industry of real estate crowdfunding. Jason Fritton, Co-Founder and COO of Patch of Land stated that, Crowdfunding brings the daylight to the dark room of private lending. Drake, who was instrumental in lobbying for legislation of the JOBS Act shared an interesting acronym to describe the crowdfunding industry. Crowdfunding is SPICE, Drake said. Service, product, investment, charity, experience.

In educating attendees about this evolving industry, the leading experts addressed the concern of investor protection when investing online. As with any investment, performing due diligence is extremely important, both for the individual offering as well as the platform, Newbery said.

American Homeowner Preservation is a socially responsible investment fund manager which empowers accredited investors to purchase equity in pools of distressed mortgages and earn returns of 9-12%. For further information or inquiries please visit https://ahpinvest.com or call 800-555-1055.







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EY Announces Renters Warehouses Founder and Chairman, Brenton Hayden as an EY Entrepreneur Of The Year 2014 Award Winner in the Upper Midwest

Friday, July 25th, 2014


Minnetonka, MN (PRWEB) June 13, 2014

Ernst and Young announced on June 11th, 2014 that Brenton Hayden, Founder and Chairman of Renters Warehouse is an EY Entrepreneur Of The Year 2014 Award Winner in the Upper Midwest. The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. Brenton was selected as the winner of this prestigious award, with many members of his Renters Warehouse family in attendance.

Hayden, was thrilled to be a finalist for the award, but now feels honor and complete bliss over what he says is one of the biggest award wins in his career. To be considered for this Ernst and Young Entrepreneur of the Year award in and of itself is of a great honor, Hayden said. I consider it to be one of the highest of my career and I consider it to be one of the most memorable. It is a moment I wont soon forget. I must thank the members of my team who work directly with me to make this company a success – Kevin Ortner, Trent Zachmann, Caleb Gilbertson, Jon Confeld, Ron Wright and Pamela Kosanke, thank you for your trust and loyalty. I must also thank a valuable friend and business partner of Renters Warehouse, Tracy Call of Media Bridge Advertising.

Hayden expressed that he would share this win with his entire Renters Warehouse team. The company sees an average of 100 percent growth, year over year under Haydens leadership. Renters Warehouse plans to grow to 175 franchises across the nation in the forthcoming years.

As a regional award winner, Hayden is now eligible for consideration for the EY Entrepreneur Of The Year National program. Award winners in several national categories, as well as the EY Entrepreneur Of The Year National Overall Award winner, will be announced at the annual awards gala in Palm Springs, California, on November 15, 2014. The awards are the culminating event of the EY Strategic Growth Forum

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Sunbelt Midwest Sells Minnesota-Based Educational and Childcare Service Business

Friday, June 14th, 2013


Minneapolis, MN (PRWEB) June 07, 2013

Rick Elliott, business broker with Sunbelt Midwest closed the transaction on May 24, 2013. The business which is licensed to service 99 children, sold for 97% of the original asking price to a private buyer.

Sunbelt Midwest’s team showed the business to 110 interested buyers generating multiple offers to purchase. Elliott was able to finalize the sale by negotiating with the seller and buyer to secure bank financing and seller financing terms.

“The sale had some challenges,” said Elliott, “getting both parties to the closing table required the buyer’s ability to obtain bank financing. In addition, the seller had to agree to partial financing for a low interest rate of 5.75%. This business has a very positive cash flow, which made the opportunity attractive to buyers. The Midwest market for daycare, childcare or educational service businesses is hot right now.”

According to BizBuySell.com, the Internet’s largest business for sale marketplace, approximately 930 daycare, childcare and educational service businesses are currently for sale nationwide.

Elliott continued, “This sale marks the second educational and childcare services business I’ve sold in the last year. Sunbelt Midwest currently has eight available opportunities in this industry niche throughout the Milwaukee, Chicago, and Twin Cities. These types of service businesses can be very profitable, easy to run and rewarding for the right buyer. Typically this type of sale is structured so the debt can be covered with enough left over for a reasonable salary. Buying an established business has a lot less risk then starting a new business from scratch and provides immediate income.”

Rick Elliott is a licensed Minnesota business broker and a long-standing member of the financial and business brokerage community. He works with CPAs, certified financial advisors, and attorneys to service clients’ needs. Elliott has spent a tremendous amount of time coaching youth athletics and supporting Can Do Canines, a non-profit organization dedicated to enhancing the quality of life for people with disabilities by creating mutually beneficial partnerships with specially trained dogs.

About Sunbelt Midwest

Sunbelt Midwest is an elite division of Sunbelt, the largest organization of business brokers and M & A professionals in the world. With five offices in Minneapolis, Minnesota; Chicago, Illinois; and Milwaukee, Wisconsin, Sunbelt Midwest is a premier brokerage. The business brokers and M & A intermediaries of Sunbelt Midwest, consistently rank in the top performers of Sunbelt International. Sunbelt Midwest is trusted with coordinating all of the national franchisor relationships for Sunbelt. Because of this interaction, Sunbelt Midwest has a unique ability to market businesses throughout Sunbelt internationally. Sunbelt Midwest truly has a GLOBAL reach!







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