Duckfund Launches 'Sign Now, Pay Later' to Accelerate Commercial Real Estate Deals
Nov 22, 2023
New York City, New York Nov 21, 2023 (Issuewire.com) - Duckfund, a New York-based real estate financing platform, has announced the launch of its new Sign Now, Pay Later service, a model that is poised to redefine the way investors secure commercial real estate.
The CRE market in the United States is facing unprecedented challenges thanks to high interest rates, inflation, and a surge in CRE net charge-offs. Together they create a daunting environment for investors to accumulate cash needed to sign deals.
Sign Now, Pay Later allows investors to bypass these obstacles by unlocking soft deposit financing in 48 hours with just a signature. There's no need for them to commit their personal capital, meaning they can even work on several deals at once.
Simplicity and speed are central to this process, which seeks to include all types of CRE investors. "Duckfund aims to provide equal access to real estate investing for all by providing transparent and affordable soft deposit financing", says Anna Kogan, CEO of Duckfund. "At Duckfund we want to make sure our customers always have cash available to cover the deposit if they have a lucrative deal on the table."
Applicants need only one minute to apply, due diligence takes 24 hours, and the deposit comes with an affordable interest rate, saving investors time and money.
Sign Now, Pay Later is a timely and affordable solution for investors seeking to build their portfolios in a challenging CRE market. Many investors have already secured hundreds of millions of dollars worth of prime real estate using the method.
Duckfund aims to continue its annual growth trajectory over the next five years, paving the way to extend Sign Now, Pay Later to a much wider CRE investment market.
About Duckfund
Duckfund is a real estate financing platform that aims to help CRE investors by providing low-cost and quick soft deposit financing. Its mission is to level the playing field for smaller CRE investors by empowering them to grow their portfolios without using their own capital until the due diligence process is complete. As part of multiple start-up accelerators, Duckfund is committed to fostering innovation and collaboration within the CRE investment industry.
Source :Duckfund
This article was originally published by IssueWire. Read the original article here.
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