Estate Baron, an Australian real estate crowdfunding platform, now has no limit on the number of investors that can participate, which has allowed the company to bring the minimum investment down to $2,000.
Founder Moresh Kokane explains this means Estate Baron has made one of the first true retail property crowdfunding offers possible. He writes that last year, the company did two projects under a wholesale Australian Financial Services License (AFSL).
While those offers helped us test the concept, we were limited to 20 investors only under current regulation in Australia. Since then we have been hard at work, instead of waiting for deregulation we put in the grunt work and have secured a Retail AFSL and a full PDS [Product Disclosure Statement] for our upcoming offers.