Harbor: $100 million for real estate on blockchain
Harbor: $100 million for real estate on blockchain

Harbor: $100 million for real estate on blockchain

By Alfredo de Candia - 17 Sep 2019

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Yesterday Harbor announced a partnership with iCap Equity, a real estate investment company, for the financing of 4 blockchain real estate funds worth over $100 million.

In practice, this partnership has led to the creation of tokens worth over $100 million that will be distributed among the approximately 1100 investors, 17 brokers and 17 agents who work for the fund iCap Equity, thus accelerating investments in real estate.

The real estate sector usually needs as much as 3 to 5 years to move investments, said Chris Christensen, CEO of iCap Equity:

“iCap provides high-yield investment opportunities for investors, but those investments typically come with a 3 to 5 year lock-up period because they are based in real estate. Now, with Harbor, we are able to provide the same strong returns, but also an option for investors to more easily liquidate if desired. It provides the best of both worlds, and is a game-changer for not only real estate-based investments, but the entire alternative investment industry.”

The rate of return for the investor, depending on their investment, can reach 12% per month. In addition, the use of the blockchain and therefore of the tokenisation allows for immediate liquidity and therefore a relatively quick exit, as commented by the CEO of Bradley Wealth, Michael Bradley:

“Technology that provides more liquidity among alternative assets could be transformational. The use of blockchain technology will assist with the accommodation of investors with different time horizons in the same fund. This will aid investors who need liquidity by providing an early exit, while at the same time assisting other investors obtain access to alternatives that were previously closed. This technology is likely to result in greater efficiencies for investors who seek alternatives to augment their portfolios.”

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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