It's no secret that the traditional world of real estate financing is a mess. It's slow, costly, and outdated.
As a borrower you're constantly jumping through hoops, dodging red tape, and wishing upon a star.
As a lender you face a crowded marketplace that's been rigged against you by the big guys from the start.
After hours of researching how it all came to be this way, the brainiacs at FundSwamp merged their noggins and formed a brilliant idea:
"If the market refuses to adapt to the times, then we'll just have to build a new market."
And that's exactly what we're doing: launching a digital public REI capital solutions market, accessible to credible individuals- putting power back into the hands of the borrowers, and providing private money lenders (think 'mom & pop' shop) a chance to serve the people who need them the most.
The FundSwamp.com domain is owned by Hayden Loudenback. With trademarks, copyrights, patents, and business registration prepared for execution in first round of funding. Marketing and branding is done through HaydenWorks.us with current HTML code written by Hayden Loudenback leveraging LLM. A full-stack development team will be established during first round of funding to immediately build out back-end MVP and refine front-end experience.
Real estate investors seeking capital for thier projects can submit a funding request for free to be bid on by the FundSwamp market of private lenders.
Lenders review active real-time funding opportunities to determine and submit a term & rate bid. Borrowers review multiple bids, selecting the most fitting.
Winning lender bids receive full contact and deal information with a small service fee.
Both lender and borrower in-app dashboards feature swipeable interfaces with minimalistic design. Making FundSwamp easy and fun to use.
Borrowers and lenders both have profiles that display public user data, such as; # of deals funded, # of failed deals, # of days on app, personal bio, and more. Providing both security and performance data to users.
By adding gamified elements into our app we create an eviroment that's fun, engaging, and interactive for users. This is shown to positively enhance the user experience, and maximize app usage.
By joining our free early borrower list or by becoming a paid founding member, you get early access to the FundSwamp app, plus major in-app bonuses like reduced or eliminated fees, and 'first-pick' privilege.
A proposed in-app token economy system that acts as credit, and not web3. Easily used to 'boost' or 'secure' deals in the marketplace and to compensate deal fees. Limited token pool is catalyst for raising token value.
FundSwamp offers an accessible fee structure. It is completely free to join FundSwamp as a lender or borrower. It is completely free to submit or bid on a 'deal'.
Only when a winning bid is picked is a fee applied before full deal and contact info is released to either party. This fee is a small percent of the over-all funding amount. These fees can be avoided by paying a monthly subscription or by becoming an early founding member.
After hours and hours of brainstorming masterminds, our team of brainiacs decided on a powerful fee structure that maximizes traffic, economics, accessibility, modernity, and logic.
Why did we decide that users pay nothing up-front?
Because deals (funding requests) and bids are the lifeblood of the FundSwamp market. With no deals, and no bids, there's no swamp. Incentivizing funding request submissions and bid engagement is our priority.
We're offing founding memberships to generate capital for the beta development, testing, and market launch in exchange for decreased or elminated fees for lenders, 'first pick' lender privilege, and increased affiliate payouts & early white label access.
A major hurdle for acquiring financing the past 50 years has been the credit score system. More often than not, private money lenders being individuals and not major corporations, do not require a credit check.
Traditional financing often offers no flexibility when it comes to terms. Payback times, amortizations, balloon payments, all creative terms are often ignored by traditional real estate financing in favor of long-term mortgages.
Fun Fact: The word "mortgage" derives from the Latin term: "Death Pledge". source
Traditional financing is often very strict and rigorous when considering collateral. To whereas private money lending is commonly more leanant and creative towards borrower collaterals.
Fun Fact: Planes, businesses, heavy equipment, all have been leveraged as collateral in the creative private financing agreements.
Many factors can increase your rate with no relief or remedy. With FundSwamp, you'll access multiple rates through bids from different private lenders; letting you choose the bid that makes the most sense.
Our user friendly pool of active opportunities fosters growth within family owned private lending businesses. Handing marketplace power to borrowers sets a level playing field. FundSwamp is oriented to become a trusted method of scaling for real estate investors of all kinds.
FundSwamp gives private money lenders access to a realtime lead-pool with no 'big-league' competition. A true and fair "best bid wins" scenario.