Crowdfunder Selequity in Alliance with VRE
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About $2.6 million in equity was raised for Creve Coeur Plaza in suburban St. Louis
ST. LOUIS—A team that helped build St. Louis-based broker Cassidy Turley into a national player recently launched Selequity, an online platform for accredited investors that want to invest in commercial real estate projects. And AJ Chivetta, the new firm’s chief executive officer, tells GlobeSt.com that it just formed a strategic alliance with Virtual Realty Enterprises, LLC, a St. Louis-based lender that has managed more than $500 million in assets.
“This provides another avenue to clients who come to us and want to explore different ways to raise capital,” Chivetta says. Through VRE, project sponsors will have access to interim financing and the opportunity to fund larger and more varied deals. Bill Snyders, chief operating officer of VRE, will manage the strategic alliance with Selequity…
Crowdfunder Selequity in Alliance with VRE
