AssetAvenue is a company.
AssetAvenue has raised $19.0M across 2 funding rounds.
Key people at AssetAvenue.
AssetAvenue was founded by Chris Ganan (Co-Founder & President, Capital Markets).
AssetAvenue has raised $19.0M in total across 2 funding rounds.
Key people at AssetAvenue.
AssetAvenue was founded by Chris Ganan (Co-Founder & President, Capital Markets).
AssetAvenue has raised $19.0M in total across 2 funding rounds.
AssetAvenue's investors include Bam Ventures, DCM, Fifth Wall, Innovation Endeavors, IVP, Meritech Capital Partners, Moderne Ventures, Phenomen Ventures, QED Investors, Sequoia Capital, Target Global, TomorrowVentures.
AssetAvenue is a Los Angeles-based fintech company that operated as an online peer-to-peer lending platform for real estate investments, connecting accredited and institutional investors with fixed-income loans secured by commercial real estate, while enabling property owners and lenders to access capital for deals like fix-and-flip or bridge loans.[1][2][3] It offered products such as fix-and-flip loans (up to 85% LTC, $75K-$2M, rates from 8.99%, 12-month terms), residential bridge loans (up to 70% LTV, $75K-$2M, rates from 8.99%), and rental property loans (up to 75% LTV, $75K-$1M, rates from 6.0%), targeting borrowers in 43 states and welcoming foreign nationals.[3] The platform raised $18M in total funding but is now listed as "Dead" due to challenges like deal flow shortages and overly automated underwriting that didn't suit customized real estate deals.[1]
Founded in 2013 by David (full name not specified in available sources) in Los Angeles, AssetAvenue launched as a key player in real estate crowdfunding and peer-to-peer lending, aiming to use technology to streamline borrowing for investment properties.[1][4] It targeted small property loans up to $2M, primarily fix-and-flip or residential bridge loans, attracting private individuals, family offices, and institutions as investors.[1] Early operations emphasized a simple online experience to connect borrowers/brokers with lenders, but the company faced headwinds including difficult deal flow and underwriting mismatches, contributing to its shutdown.[1]
AssetAvenue rode the early 2010s real estate crowdfunding wave, leveraging fintech to democratize access to commercial real estate loans amid post-2008 recovery demand for fix-and-flip and bridge financing.[1][4] Its timing capitalized on rising interest in online marketplaces for fractional real estate investments, competing with players like Fund That Flip (8-9% yields on rehab loans), Realty Mogul (property shares), and Roofstock (turnkey rentals).[1] However, market consolidation favored better-capitalized platforms with deeper real estate expertise, exposing vulnerabilities in automated underwriting during a period of deal scarcity; this influenced the ecosystem by highlighting the need for hybrid tech-human processes in proptech lending.[1]
AssetAvenue's shutdown underscores risks in niche real estate fintech amid consolidation, with a separate domain (assetavenue.capital) now promoting crypto-based global real estate buying—potentially a pivot or unrelated entity.[5] Looking ahead, surviving trends like AI-enhanced underwriting and crypto integration could revive similar models, but AssetAvenue's legacy warns of execution pitfalls in volatile markets; its influence may evolve through alumni or lessons absorbed by consolidators like Realty Mogul, tying back to its original promise of efficient real estate capital that the industry continues refining.[1][5]
AssetAvenue has raised $19.0M across 2 funding rounds. Most recently, it raised $15.0M Series A in April 2015.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2015 | $15.0M Series A | Bam Ventures, DCM, Fifth Wall, Innovation Endeavors, IVP, Meritech Capital Partners, Moderne Ventures, Phenomen Ventures, QED Investors, Sequoia Capital, Target Global, TomorrowVentures, Volition Capital, Chris Bishko, Ron Suber | |
| Jun 1, 2014 | $4.0M Seed | Bam Ventures, Adeyemi Ajao, Fifth Wall, Outlander Labs, Winklevoss Capital, Chris Yeh, Oliver Jung |
