Real estate developers are under pressure. Across markets. The banks and debt funds have been slowly reducing their exposure to the real estate industry by about 60%. This has been fast-forwarded further by the recent pandemic. Real estate developers in most countries have been impacted, especially the small and medium-sized players who do not have access to lower-cost capital from equity markets.
Property developers across all very different markets have been impacted. Developers in Tier 2 and Tier 3 cities in India, small developers in Australia looking at mezzanine loans. All of them are looking at bridging this funding gap. The size of the real estate funding across the high-interest market segments is sized at USD 500 billion per annum.
Markets like India, Australia and such others offer a large opportunity for growth due to the scale of the real estate industry. India is on its way to become a USD 1 trillion real estate market while Australia is at USD 8 trillion.
LandOrc is focusing its efforts on the large real estate markets where real estate developers are facing a funding gap. Concentrating on small to medium-sized developers with fast turnaround projects and by offering collateralized lending. The collateral is held via land title NFT (non-fungible token) and the lending is done via smart contracts on blockchain offering greater transparency and faster process. Beyond this, LandOrc is also able to offer a lower cost of capital by sourcing from the growing decentralized finance space making the property development projects more profitable 😉
#LandOrc #realestate #realestateinvesting #realestatelife #realty #realestateinvestor #entrepreneur #investing #funding #investor #DeFi #blockchain #cryptocurrency #business #LGOV #LORC #Dapp #NFT
