Crowd funding - A real threat?
A question for the mortgage bankers: does crowd fund financing pose a legitimate threat to the mortgage banking industry?  Will there ever be a day when pension fund advisors (for instance) buy a property and finance it through crowd funding as opposed to the traditional routes (mortgage banks, LifeCos, banks, etc)?
[{"id": "cjvjlbb", "text": "Yeah, the banks will close up like Sony Music and Ticketmaster after Kickstarter was founded. /s\n\nI do think it has a role, along with more peer-to-peer stuff. I don't think it's a threat in any customary sense of the word. In fact, I think that the likely end game is one where the banks are the ones providing the infrastructure and organization for it.", "replies": [], "depth": 1}, {"id": "cjvk20c", "text": "I'm currently working with 2 for some grocery anchored retail acquisitions in my pipeline.  They do not want to take a debt position, maybe they will sometimes, but in my deals they are equity.  Think of them as another type of private equity, not so much debt.", "replies": [{"id": "cjvnjo2", "text": "would you reccomend any?", "replies": [{"id": "cjvnvfx", "text": "So far I have only approached Crowd Street and Realty Mogul.  CrowdStreet has been the most responsive.  But I'll let you know next week if either actually work out.", "replies": [{"id": "cjvwqdr", "text": "thanks", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]