SOURCE: Dwellxchange Inc.

September 30, 2015 08:19 ET

Dwellxchange Launches Real Estate Crowdfunding Website

New Platform Will Empower Homeowners to Unlock Equity in Their Home Without Refinancing

NEW YORK, NY--(Marketwired - September 30, 2015) - Dwellxchange, a real estate crowdfunding website that connects homeowners and investors, will officially launch today. Founded by Eric Eckardt, an online real estate entrepreneur and former investment banker, Dwellxchange will offer homeowners a method by which to extract equity in their homes by connecting with retail and institutional investors through an innovative crowdfunding platform.

"Dwellxchange was born out of the need for a financing alternative to traditional home equity loans and cash-out refinancing that can result in contractual debt," said Eric Eckardt, Founder and Chief Executive Officer, Dwellxchange. "We are aiming to get people to re-imagine the way they think about homeownership. By offering an equity stake in their home to third party investors, homeowners can extract funds from what was previously considered an illiquid asset. Investors, in turn get the opportunity to participate in a diversified portfolio of real estate offerings: owner occupied assets in a market with typically sound market fundamentals."

Dwellxchange's platform provides a transparent central crowdfunding marketplace for initial offerings, real-time pricing functionality and allows for open, neutral access for issuers and investors. Homeowners can easily secure capital via an easy-to-use, efficient, transparent process that allows as few as one or several investors to participate. The Dwellxchange secondary trading platform will allow investors to sell their positions to other investors through their proprietary capital markets system. The secondary trading platform is slated for release in early 2016.

"We believe that competition drives innovation and an alternative to the current model of real estate financing and investing has been long overdue. There is a tremendous opportunity in this space for innovation to empower consumers and investors alike. We look forward to expanding our product offerings to include other property types; commercial, investment, and multi-family assets while deleveraging the mortgage market," added Eckardt.

About Dwellxchange, Inc.

Dwellxchange, Inc., Delaware Corporation, is an online market system providing homeowners with a secure form of financing by selling equity in their homes to investor partners using an easy, efficient and transparent marketplace. Dwellxchange aims deleverage the housing market while empowering homeowners. To learn more about Dwellxchange, please visit: www.dwellxchange.com.

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