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AssetAvenue Selected to Participate in Prestigious Program Backed by National Association of Realtors
[April 22, 2015]

AssetAvenue Selected to Participate in Prestigious Program Backed by National Association of Realtors


AssetAvenue, the leading peer-to-peer lending platform for commercial real estate loans, is proud to announce that it has been selected to participate in the 2015 class of REach, the growth technology accelerator program sponsored by Second Century Ventures, the strategic investment arm of the National Association of Realtors (NAR).

The REach program has a successful track record of launching innovative technology companies such as AssetAvenue into trillion-dollar industries including real estate, insurance, mortgage and financial services. This year marks the third class of the REach program, which annually offers six to ten organizations the opportunity to connect with NAR's one million members, including some of the most highly regarded executives, digital entrepreneurs and practitioners in the industry. In addition, companies will have access to thousands of potential customers through an insight panel of 2,500 NAR beta users providing feedback on products and services.

AssetAvenue was founded on the belief that the combination of data, technology and private capital would serve as a more optimal financing alternative for the commercial real estate industry. Led by seasoned entrepreneur David Manshoory, along with co-founders Kevin Arrabaca and Chris Ganan who have deep expertise in real estate and financial services, the company is changing the way real estate is financed. Through the use of its online peer-to-peer lending platform, AssetAvenue provides bridge and transitional loans ranging from $25,000 to $25 million per property for commercial real estate assets, such as office buildings, industrial properties, shopping centers and apartment buildings, as well as luxury, non-owner occupied residential properties.



"The current lending environment requires dealing with heavily regulated banks or capital constrained private money lenders that are not meeting the needs of the modern day borrower or broker," said David Manshoory, CEO and Co-Founder of AssetAvenue. "We have created a solution for those seeking financing to streamline a traditionally paper-driven and high-friction process with our proprietary lending and technology platform, and our flexible underwriting allows us to be more creative in funding loans that the banks generally fail to approve."

"We focused on selecting companies for the 2015 REach class that are both innovative and impactful, that will provide game-changing solutions both within the real estate space and beyond it," added Constance Freedman, Managing Director of Second Century Ventures and Vice President of Strategic Investments for NAR. "We believe that AssetAvenue is creating an alternative lending system that has the potential to add tremendous value to the entire real estate industry, and we are excited to have them a part of this year's program.


About AssetAvenue:

AssetAvenue is an online peer-to-peer lending platform for commercial real estate loans. The Company provides quick and reliable access to competitively priced loans while offering accredited and institutional investors the potential to earn attractive returns. AssetAvenue leverages its innovative technology platform to provide bridge financing from $250,000 to $25 million per property. Qualified Accredited and institutional investors can participate in funding with as little as $5,000, or fund loans through the Company's Whole Loan Program. AssetAvenue has been recognized as one of the top 10 lending start-ups by CB Insights and featured in top media outlets, including the Wall Street Journal, Entrepreneur and Forbes. Learn more about investing and borrowing at www.assetavenue.com.

About Second Century Ventures

Second Century Ventures (SCV) is an early-stage technology fund, backed by the National Association of Realtors®, that leverages the association's 1 million members and an unparalleled network of executives within real estate and adjacent industries. SCV systematically launches its portfolio companies into the world's largest industries including real estate, financial services, banking, home services, and insurance. SCV seeks to define and deliver the future of the world's largest industries by being a catalyst for new technologies, new opportunities, and new talent.

About National Association of Realtors®

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.


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