CEO Allen Shayanfekr
Sharestates CEO Allen Shayanfekr: New deal with $3B Ranger is a transformative event.
May 5, 2015
, the Great Neck-based online real estate investment platform, announced a $30 million commitment from Ranger Direct Lending Fund
that will expand the startup's direct lending in residential, commercial and mixed-use properties in New York.
Founded in 2013 by Allen Shayanfekr
and title insurance veterans Radni and Raymond Davoodi, Sharestates
focuses on financing fix-and-flip loans with an average value of $350,000.
"On behalf of all of the team members at Sharestates, I want to express our excitement and appreciation over Ranger's investment," Sharestates CEO Allen Shayanfekr told Innovate LI.