Sep
08
Tokyo’s Crowdfunded Condos Lure Investors With 5% Yield
By-
Loadstar aims to fund 10 billion yen via crowdfunding in 2017
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Tokyo new condo prices rise to highest since at least 2000
Tokyo’s crowdfunded condominiums are luring individuals with the promise of a 5 percent yield in a land of benchmark interest rates near zero out to five years.
Tatsushi Iwano, a former fund manager at Goldman Sachs Group Inc. in Tokyo and Rockpoint Group LLC, is aiming to finance 10 billion yen ($83 million) of office and residential projects with cash raised on the Internet in 2017. His company, Loadstar Capital K.K., made its first such loan last month, extending 20 million yen to a borrower with a four-story condominium in western Tokyo as collateral, Iwano said…
Tokyo’s Crowdfunded Condos Lure Investors With 5% Yield
