William Skelley is the founder of iFunding. His area of interest is in alternative investment and is now dedicated to working with the concept of accredited crowdfunding. He coined the term accredited crowdfunding in 2012 and is a concept that brings together small investors to raise a substantial amount of capital. The capital raised is then used to acquire properties that would otherwise be impossible for individuals to access. Angel.co defines that his role at iFunding is to oversee business development activities. He has previously worked as an executive intern to Mitt Romney at Bain Capital, as a principal at Rose Park Advisors and has worked at General Electric and Olympus. He was recently named a member of the “Next Generation of Real Estate Leaders.”
Since its inception in 2012, iFunding held its first annual dinner at the Columbus Citizens Foundation in New York. The dinner was organized by Michael Stoler and was an invite only event that featured big real estate business men and women. Some of the firms that were represented include Kushner Companies, Carlyle Group, Cushman and Wakefield, Merrill Lynch, CIT, and Bank of America. Michael Stoler hosts the weekly “The Stoler Report: NY’s Business Report” television show that is dedicated to real estate business trends. He is also the Managing Director of Madison Reality Capital.
The industry of real estate crowdfunding launched in 2012 after the ruling of Title II of the JOBS Act. Skelley said through his company blog he saw the opportunity and launched iFunding and was an early adopter of the concept. His company, iFunding, has grown since in inception and is now one of the recognized names in the online alternative investment platform.
A press release reported William Skelley has been invited by Michael Stoler to participate in his show that will air in the Spring of 2016. The topic of discussion will be the evolution of commercial real estate. The panel will feature Paul Braungart, previously a sponsor of iFunding and is the founder and CEO of Regional Capital Group.
iFunding has established itself as one of the leading real estate crowdfunding platforms. They facilitate debt and equity fundraising to buy properties that range from large family residences to large properties such as malls. The minimum amount that accredited investors can contribute is $5000. William talks iFunding, and the future of crowdsourcing real estate investments, in his interview with RealHeartland.