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Press Release

DiversyFund, Inc., a Leading Online Crowdfunding Real Estate Investment Company in San Diego, Brings New Innovations to Real Estate Crowdfunding



San Diego, CA - May 17, 2017 - (Newswire.com)

On August 18, 2016, Craig Cecilio and Alan Lewis partnered together to co-found DiversyFund, Inc., based in San Diego, California. Mr. Cecilio and Mr. Lewis formed DiversyFund, Inc. to create the industry’s first online crowdfunding real estate platform where the company acts as the real estate developer on all of its investment offerings in order to deliver to its investors better quality control and more detailed and robust investor reporting, including monthly construction updates on each real estate project with pictures of all work in progress. 

This unique business model creates better-aligned incentives with the Company’s investors since the Company does not receive any profit from the sale of a real estate project until after it pays back its investors their full agreed upon return. Because DiversyFund, Inc. acts as the developer and receives a developer fee that is paid at the project level, DiversyFund does not charge any platform fees, servicing fees or other sales commissions to its investors, enabling investors to keep 100% of their investment returns.  “One of the big attractions and innovations of the crowdfunding industry is its ability to reduce transaction fees charged to investors by cutting out the middlemen. We decided to take this innovation one step further than our competitors. Instead of reduced platforms fees, we have no platform fees and the investment community has taken notice,” said Craig Cecilio, CEO and Founder of DiversyFund, Inc.

Additionally, DiversyFund, Inc. is the only crowdfunding real estate site that focuses exclusively on strong-performing Southern California real estate markets. 

As of May 2017, DiversyFund, Inc. currently has five luxury single-family residential projects in construction and just launched its first commercial real estate offering for investors. The commercial offering is a mixed-use development in San Diego’s trendy Hillcrest neighborhood north of Balboa Park.  DiversyFund will be building 58 multifamily units with 5,000 SF of ground floor commercial space. DiversyFund also recently announced a partnership with Roman James Design Build, the top luxury design-build firm in Beverly Hills. Roman James is the design-builder on DiversyFund’s spectacular 7,200 SF luxury residential project in La Jolla. The La Jolla project will feature stunning ocean views from every room on the property. 

“We have been very disciplined in our selection and curation of real estate investment opportunities, ensuring that our investors have a balanced mix of luxury residential and commercial real estate projects with various investment structures to choose from.  Our investment products include both passive income offerings for our commercial real estate and growth opportunities for our luxury residential product,” said Alan Lewis, Chief Investment Officer and Co-Founder.

The newly-formed DiversyFund, Inc. purchased the DiversyFund.com domain name and related crowdfunding website from Coastal California Funding Group, Inc., dba CCFG Investments, last year, allowing the newly formed DiversyFund, Inc. to continue the success of the DiversyFund.com crowdfunding platform that was previously launched by CCFG Investments in 2014.

CCFG Investments was founded by Craig Cecilio, one of DiversyFund, Inc.’s founders, in 2005 and functioned for nearly 12 years as a successful loan origination and loan servicing company. 

After the sale of the DiversyFund.com domain name to DiversyFund, Inc., CCFG Investments shut down its loan servicing operations and officially dissolved in March 2017 so that Mr. Cecilio could devote 100% of his time to the new DiversyFund, Inc. real estate development business that he and Mr. Lewis started in August 2016. The three remaining CCFG Investments loans were transferred to Halo Management Group for loan servicing.

CCFG Investments raised debt capital for third-party real estate developers building and renovating single-family residential throughout Southern and Northern California. In February 2014, CCFG Investments purchased the domain name, www.DiversyFund.com, and launched a real estate crowdfunding website so that investors from across the U.S. could invest in CCFG Investments’ various real estate debt investments. CCFG Investments originated over $100 million of real estate debt investments just in the last few years alone.

About DiversyFund
DiversyFund, Inc. is an online crowdfunding real estate investment platform. The company connects accredited investors from across the U.S. to high-quality real estate investment opportunities, focusing on Southern California’s strongest-performing real estate markets such as Orange County, San Diego and Los Angeles. DiversyFund is unique in that it acts as the real estate developer for all of its investment offerings, giving investors increased quality control, more accurate reporting and transparency compared to other crowdfunding sites that simply raise capital for other third party real estate developers.  DiversyFund’s principals share over four decades of combined experience in the real estate investment community, bringing together real estate expertise and Wall Street experience to the online crowdfunding space.  The company is focused on changing the world of real estate investing and is dedicated to providing investors with diversification via high-quality and thoroughly-vetted investment opportunities.

To learn more about DiversyFund and join their network of investors, please visit diversyfund.com.

Follow us on Twitter at @diversyfund and like us on Facebook at facebook.com/diversyfund.  




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Original Source: DiversyFund, Inc., a Leading Online Crowdfunding Real Estate Investment Company in San Diego, Brings New Innovations to Real Estate Crowdfunding
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