Press Release (ePRNews.com) - San Diego, CA - Oct 17, 2017 - DiversyFund, Inc., a fast growing, online real estate investment platform, announced to investors that their DiversyFund Income Fund, the first ever no-fee real estate debt fund, paid its third quarter distribution to investors last week. The Fund paid an 11.4% annualized dividend for the third quarter of 2017, ending on September 30, 2017. The Fund has a four year track record of double digit returns to investors and expects to be able to maintain a 10%+ target yield (net to investors) for the balance of 2017. Interest in the Fund from new investors has been strong.
The Fund currently holds loans on all 7 properties under development by DiversyFund and all Fund loans are current and performing. Several Fund assets are nearing completion, which will allow the Fund to cycle the principal and redeploy in new loans. The projects at 7930 Costebelle Way in La Jolla and 1261 Goshen Street in San Diego are both in the pre-marketing phase in advance of their expected completions late this year. “Our Income Fund is an excellent investment for people in search of passive income from real estate-backed debt investments. We’re very proud of the double-digit returns our investors have received over the years,” said Craig Cecilio, CEO of DiversyFund, Inc.
DiversyFund, Inc. connects accredited investors to some of the most attractive real estate investment opportunities in the nation. The Company’s principals, Craig Cecilio and Alan Lewis, combine nearly four decades of collective experience in the real estate investment industry bringing the best of both real estate expertise and Wall Street experience to the Company’s investors. DiversyFund is focused on changing the world of real estate investing and is dedicated to providing investors with diversification via high-quality and thoroughly-vetted alternative investment opportunities in both commercial and residential real estate. Through DiversyFund’s fully-automated online platform, investors can purchase shares in multi-million dollar, institutional-quality real estate for as low as $5,000.
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