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§ Private Profile · Los Angeles, CA, USA
Online crowdfunding and lending platform offering commercial real estate bridge loans to property owners and investors.
AssetAvenue has raised $22.0M across 3 funding rounds.
Key people at AssetAvenue.
AssetAvenue was founded in 2013 by Chris Ganan (Co-Founder & President, Capital Markets).
AssetAvenue has raised $22.0M in total across 3 funding rounds.
AssetAvenue was a Los Angeles, California-based online commercial real estate crowdfunding and lending platform that connected accredited and institutional investors with property owners seeking bridge financing. The company processed $1.7 billion in commercial loan applications and successfully funded $24 million in real estate transactions by mid-2015, facilitating individual loan amounts ranging from $5,000 up to $25 million. Operating with a peak headcount of approximately 25 employees, the platform generated revenue by charging origination points to borrowers and a one percent servicing fee to its investors. Before winding down its primary operations in 2016, the firm secured $14 million in total equity financing, including an $11 million Series A round backed by DCM Ventures, NetEase, and Matrix Partners. AssetAvenue was originally founded in December 2013 by David Manshoory, Kevin Arrabaca, Chris Ganan, and Varun Pathria.
AssetAvenue has raised $22.0M across 3 funding rounds. Most recently, it raised $15.0M Series A in April 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2015 | $15M Series A | David K Chao | 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, Josh Hannah, MBA, NetEase | Announced |
| Sep 12, 2014 | $3M Seed | Josh Hannah, MBA, Benjamin H. | Russ Meyer, Brian LEE, Launchpad LA, Vectr Ventures | Announced |
| Jun 1, 2014 | $4M Seed | — | BAM Ventures, Adeyemi Ajao, Fifth Wall, Outlander Labs, Winklevoss Capital, Chris YEH, Oliver Jung | Announced |
AssetAvenue was founded in 2013 by Chris Ganan (Co-Founder & President, Capital Markets).
AssetAvenue has raised $22.0M in total across 3 funding rounds.
AssetAvenue's investors include David K Chao, Bam Ventures, DCM, Fifth Wall, Innovation Endeavors, IVP, Meritech Capital Partners, Moderne Ventures, Phenomen Ventures, QED Investors, Sequoia Capital, Target Global.
Key people at AssetAvenue.
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]
