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Who wants to crowdfund a luxury Georgetown townhome development?

A $5,000 investment gets you in on an upcoming Build Urban project

Real estate crowdfunding has emerged as a way for investors to dip their toes into soaring development markets like Seattle without assuming too much of the risk. Per the Cambridge Judge Business School, investors put $484 million into crowdfunded real estate projects last year across the U.S. We’ve seen a few crowdfunded projects go up around town and now EquityMultiple is offering up the opportunity for people to invest in a new one.

The property in question is an 11-unit, 14,300-SF luxury townhome development at 6726 Corson Avenue South in Georgetown. Led by local developer Built Urban, the project is expected to take 18-to-24 months to complete from demolishing the existing buildings to marketing the finished products. Including construction costs, contingency reserves, development fees, closing and financing costs, the total capitalization of the project is approximately $4 million

Want in? You can invest anywhere from $5,000 to $400,000 in the project. EquityMultiple says they expect the units to sell out by 2018 and say investors will earn 20-to-24 percent net internal rate of return (IRR). Anyone interested in the project should head to to learn more.