Allen Shayanfekr

CEO Allen Shayanfekr

Sharestates tops $100M in capital raised

Great Neck-based Sharestates said it has topped $100 million in capital raised through its online crowdfunding platform, thanks in large part to partnerships with institutional investors, which have contributed about 80 percent. In contrast, rival platforms like Prodigy Network, Patch of Land and Fundrise have raised most or all of their capital from the so-called “crowd,” or small investors. Founded by Atlantis Organization veterans Allen Shayanfekr, Radni Davoodi and Raymond Y. Davoodi, Sharestates specializes in…


Sharestates muscles into peer-to-peer Top 10

By GREGORY ZELLER // Bulked up with an added $20 million from its chief institutional investor, Great Neck-based Sharestates has cracked the top 10 of U.S. real estate crowdfunders, according to Lend Academy, the authoritative online data hub for peer-to-peer lending. In a report published this month, Lend Academy said Sharestates funded 33 projects and originated $32.3 million in deals between June and August, recording $15.5 million in August loan originations alone. That puts the Long…