Vancouver fintech firm addy is introducing a credit opportunity onto its digital investment platform for the first time.
Addy says it is “committed to expanding investment opportunities that cater to various investor preferences and risk profiles” and posits that credit investments provide an alternative avenue for those seeking returns with lower average risk than typical equity investments by offering predictable cash flow through regular interest payments.
Investing in a debt property means investors provide financing for a real estate project in the form of a loan; investors “become lenders rather than equity investors, earning interest on their investment as the borrower repays the loan,” the company says.
Through addy’s platform, issuers present financial information which investors review. Their investment contributes a portion of the total loan amount alongside other investors on the platform.
“As we debut the first credit opportunity,” a statement from addy reads, “we are excited about the possibilities it brings for our community of investors.”
Earlier this summer, addy announced a collaboration with Canadian television star and real estate guru Scott McGillivray.
“This partnership represents a significant step in our mission to make real estate investment opportunities accessible to everyone, regardless of their financial standing,” McGillivray stated in June. “By joining the addy platform, we are empowering everyday investors with the option to participate in high-quality real estate deals that were previously out of reach.”
McGillivray has been an HGTV star in Canada for 15 years, appearing in over 300 episodes of television shows such as “Income Property,” “Moving the McGillivrays,” and “Buyers Bootcamp.”
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