RAISE FUNDS PUBLICLY WITH OUR IPO IN A BOX SERVICE
Konkrete helps property developers raise capital faster and cheaper through a global network of crypto investors and aspiring homeowners.
Here’s the challenge - Banks are tightening their lending criteria. This reduces LVRs and increases pre-sales requirements. Tightening credit drives up deposit requirements while the investor market is drying up. So what are your options as a property developer?
By using the Konkrete infrastructure, developers can:
#1: Take the power away from the banks
By utilising equity financing, you can fund more of your development project faster whilst not having to rely too heavily on the banks. Through partners like Estate Baron, you are able to structure more cost effective offers and raise funding faster.
#2: Access A Global Network Of Investors
Offers listed on Konkrete will attract a global network of investors who are already part of the crypto-token infrastructure. This exposure leads to faster equity raises at lower costs.
#3: Boost Demand From Home Buyers
One of the funds on Konkrete will enable prospective home buyers to crowdfund their deposits. This makes homeownership more affordable, increasing the demand for new properties and driving pre-sales now (rather than later).
#4: Shorter Intervals For Reinvestment
Traditionally, investors wait till they see returns from the initial development before re-investing. The waiting period takes years. Konkrete allows buying and selling of shares in a peer to peer fashion, providing liquidity to investors on-demand.
Picture This Scenario...
ABC Developments wants to undertake a $10M development project. The bank has approved 65%, and so the owners need to come up with the remaining 35%. They decide to raise 20% on the equity in their project.
Previously their only options were to:
- Fund all of the equity component out of their own pocket
- Raising investment from a limited source of HNW investors who expect high rates of return and expectations of control
- Access mezzanine lending, which doesn’t cover all of their requirements and is also expensive
With Konkrete, they have the ability to:
Instead of relying on few key investors who can be tapped out over time, they can take investments from retail investors all over the world.
Importantly, as the investors’ positions are liquid from day 1, the financing is cheaper than comparable methods as well (a potential guide is 10-15% annualised to investors).
Meet the founders behind Konkrete
Moresh Kokane
Managing Director
When it comes to real estate and property crowdfunding, Moresh is a respected expert in the space.
Along with Konkrete, Moresh founded Estate Baron - one of the first Real Estate Development Crowdfunding Companies in Australia.
Prior to starting his businesses, he spent more than a decade in the financial service industry. This comprised of working for several US-based investment banks; servicing Australian clients in Securities, Managed Investment Schemes, and Mortgage Broking.
Sean Qian
Executive Director
When it comes to evaluating and collaborating with disruptive startups, Sean has extensive experience in this space.
As the COO of Collective Campus, he and his team work with corporates and startups alike to unlock some of these innovations.
They have offices in Australia and Singapore and have been home to over 50 startups that have raised more than USD$13M and have worked with the likes of MetLife, King & Wood Mallesons, National Australia Bank, Sportsbet, Australian Unity, BNP Paribas, Mills Oakley and others on their corporate innovation programs.
Konkrete is currently undertaking a private funding round to build out the infrastructure which will enable the use cases above.
The offer is currently open to wholesale investors and the details of the offer are available via an Information Memorandum by request. To find out more, and to participate, book a time below to speak with one of the founders of Konkrete.
