RealtyShares, an online marketplace for commercial real estate investing, announced it is featured by Airbnb as a financing resource in its Multifamily Properties Toolkit, a website that gives owners, operators and developers of multifamily buildings resources to support long-term tenants who wish to share their space with travelers.
RealtyShares provides multifamily building owners and operators financing to buy, refinance, and renovate their buildings.
Landlords can now manage Airbnb activity in their buildings and share in the additional rental income with the Airbnb Friendly Buildings Program. As a result, multifamily property owners have become increasingly interested in helping their tenants improve and share their space on Airbnb.
“Home sharing is good for landlords, good for tenants and good for travelers,” said Jaja Jackson, Airbnb’s director of Multifamily Housing Partnerships. “Adding home sharing as an option is just another way buildings can attract and retain tenants.”
RealtyShares excels at financing unique opportunities and emerging concepts, including multifamily development projects that offer long-term rentals units that can be easily shared with travelers. Traditional capital providers do not usually participate in this sector. RealtyShares raises capital for these projects through a mix of institutional funds and capital from accredited investors investing through its platform.
“Landlords are increasingly interested in offering home sharing as an option for their tenants. We see a big opportunity to create value for the multifamily housing community by financing properties that are adopting this model,” said Bill Lanting, vice president of debt originations for RealtyShares.
