“Marketplace lending platforms reported rapid growth in 2015, with an estimated $28.6 billion in loans originated, according to the Office of the Comptroller of the Currency. While most of that growth was for consumer lending, some of the funds raised went into CRE lending.”
“Marketplace lenders received a boost from a 2013 federal law that allowed businesses to publicly solicit investments from accredited investors.”
“As more banks engage in strategic partnerships, purchase loans, securitize or work in other ways with marketplace lending firms, banks could face potential compliance, operational, and market risk issues, the OCC said.”
Citation and link to article and picture:Â Heschmeyer, Mark. “Crowdsourcing Firms Starting to Rack Up Noticeable Volume in CRE Financing.” National Commercial Real Estate News. N.p., 12 Oct. 2016. Web. 12 Oct. 2016. <http://www.costar.com/News/Article/Crowdsourcing-Firms-Starting-to-Rack-Up-Noticeable-Volume-in-CRE-Financing/185668>.