Crowd Street
NBP
"Enrollment must be streamlined"
4 areas for improvement
1. Enable holding funds in a pre-paid account so that deals can be funded quickly
2. DO NOT enable "INVEST NOW" until the presenters have presented their presentation. Q&A can be arranged anytime.
3. Enable completion of a lot of boiler-plate paperwork at the time of listing...and not have it slow-down the funding process.
4. DO NOT ASK for redundant docs, like company formation, which you already have on file.
Steve
"The CrowdStreet platform gives me the vehicle to diversify my personal portfolio into non-equity/non-bond options."
The CrowdStreet platform gives the individual investor access to participate in CRE transactions that were virtually unavailable to us in the past.
The quality of the Sponsors and the quality of the investments continues to grow and improve as the CrowdStreet platform grows. They are improving the platform itself as well, which is important.
I have signed up on three other CRE platform sites, and almost all investments on those are of far less quality. I have not invested in any other CRE investments outside CrowdStreet.
There are actually so many quality investments that become available to review, it's getting harder to choose which ones to invest in. Nice problem to have!!
Bhavesh
"Love the Platform"
Love the Platform. Easy to use wide variety of deals and streamline operations for documents. Customer service is awesome but at times there are delays in replies by several days.
BAO
"Communication from sponsors inadequate…"
Communication from sponsors inadequate and no obvious attempts to hold them accountable
Ricardo
"CS was "Great Idea" since the…"
CS was "Great Idea" since the beginning. Even if I'm in real estate for more than 15 years now, I found this service exceptional. I already have a dozen of projects with CS.
Another very important factor is the great customer support. It was very helpful all the time for me.
Thanks, and I'm looking forward to participate in many others future projects.
Ricardo
Victor
"Good deal flow"
Good deal flow, excellent platform. Lots of info and well presented opportunities.
Customer
"Cut-throat bidding competition not…"
Cut-throat bidding competition not effective process for thoughtful investing or considers the qualifications or availability of capital. This retail approach is not effective for building strong direct investor relationships. Have discontinued relationship with CrowdStreet in favor of direct investing.
Tushar
"Hit or miss for anyone experienced in real estate investing"
1) Fees is not made transparent, especially the platform fee that is passed on from the sponsor to the investor.
2) The platform allows sponsors who collect more fees than their contribution to the capital stack.
3) Sponsors’ cash flow is not provided in the proforma, so there is no clear view of how much risk the sponsor is taking (or not taking at all).
4) Almost seems like risks for any investment are deliberately suppressed either by highlighting innocuous risks or by overwhelming the risk section with long standard disclaimers.
5) K-1 forms for the Crowdstreet funds are abysmally late, just in time before the 15-Oct deadline, even for QOZ fund which has very few (only 1 for 2019) sponsors.
Wellman S
"Great source of deals"
Great source of deals. Tracking monies and investments on website needs a little work though some of this is the sponsors responsibility. Wish proforma was included for analysis. Will definitely invest more through Crowdstreet.
Mike
"CrowdStreet Review"
CrowdStreet is one of the best commercial real estate crowdfunding platforms available today. CrowdStreet's sponsor screening, quality investment offers, document signing process, etc. are second to none. However, their customer service response time and interface, oversubscribed investment offers oversight, transparency, etc. needs improvement. Overall, the CrowdStreet is one of the top three real estate crowdfunding platforms in my opinion.
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