Kenny Slaught, the owner of one of the most successful property management enterprises in Santa Barbara, notes that new intuitive software and mobile applications give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. California’s modern crowdfunding and peer-to-peer lending projects emerged after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly broadened the ways in which sponsors raise funds for both real estate acquisitions and development. The new regulation allows the previously banned practice of advertising or openly soliciting private funding from accredited investment individuals and firms. Anyone with a net worth of $1,000,000, not including ownership of their personal residences, or an individual with an annual income of $200,000 or a household with $300,000 per annum if filed jointly with a spouse, can become an accredited investor. The amendments give the green light to individual borrowers and lenders to take part in debt and equity financing, where loans generate income via interest, without an official financial institution intermingling as an intermediary. The online marketplace has formed a new avenue for property owners and financiers to peruse new investment offerings, perform due diligence, and have access dashboards to track how assets and financial products are performing.

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