realtymogulRealty Mogul, a recent graduate of MIcrosoft’s Windows Azure Accelerator, has raised $500,00 in seed funding from Gust CEO David S. Rose, Zillow board member Gordon Stephenson and serial entrepreneur and Sky Kruse.

The company also announced that LA-based real estate investment company AH Capital recently used Realty Mogul — a crowdfunding platform that allows investments to be made in properties for as little as $5,000 — to purchase a $110,000 duplex in LA.

The company is starting service today in California and Washington state, with investors able to join the online marketplace to pool money and buy shares of pre-vetted office buildings, apartment buildings and retail centers. It is also designed so that developers can tap new sources of funding for projects, finding accredited investors for office buildings and the like.

“We’re introducing our investors to new real estate investments and allowing them to invest in their own backyard alongside some of the best private real estate investment companies, like AH Capital,” said CEO Jilliene Helman in a release. The company is based in LA, and Pando Daily notes that crowdfunding is a new twist for the commercial real estate business. Meanwhile, TechCrunch points out that others in the market include Fundrise and Prodigy Network.

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  • David Milesi

    This is really interesting. I may just try it out.

  • The_Tim

    It’s a bit strange to me that this article contains no links to the actual Realty Mogul site:

  • Kevin Lisota

    Interesting that the word “crowd funding” gets tossed around for an investment vehicle that requires accredited investors. Given the requirements to be an accredited investor, this makes the “crowd” pretty small. It’s not like your neighbor Joe can just plunk $5k on one of these investments unless he is quite wealthy.

  • Bill

    It’s a scam!!! These people will never see their money again!!! Read the fine print on how and when you are able to pull your money out.

  • Melissa

    Countrywide all over again, Just wait!!!

  • Amaya

    They will make a lot of money with your money, but you won’t see a dime

  • Ashley

    Interesting article housing near nellis afb

  • Terra Funda

    We just listed a few new projects on a crowdfunding platform ( and invite you to follow them if you are interested in seeing some ongoing transactions:

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