Looking to finance new property purchase or refinance?
IRESE is an online real estate finance marketplace where property owners come to borrow money from many investors at once.
Borrowing money through IRESE is fast and easy, and because you're borrowing from many investors, the rates may be lower than you'd expect!
You work with Broker to secure your financing at IRESE at competitive rate through Real Estate Notes.
Real Estate Note is like a mortgage, instead of one bank holding it, it split into a number of an interest-bearing notes on a faction of the existing mortgage.
It has a face value of $100 and an interest rate which is set by property owners and bid down by investors at origination.
Rate is determined at the time of initial Real Estate Note offer and set by investors who bid on the offer based on their initial loan risk assessment.
Please refer to the diagram.
Based on investors’ criteria and risk allocation strategy, investors are able to create portfolio of Real Estate Notes to achieve desired diversification,
risk tolerance, and reward position.