Neighborhood Ventures Uses Small Change Crowdfunding Platform To Raise Funds for Its Next Phoenix Property
Renovations Planned for 30-Unit Residential Complex
PHOENIX – August 25, 2022 – Neighborhood Ventures, an Arizona-based development firm, is raising capital through SmallChange.co, a mission-driven crowdfunding platform for real estate development, for the purchase and renovation of a 30-unit property at 3432 N. 12th Place in North Central Phoenix.
The offering follows 12 projects purchased and renovated by Neighborhood Ventures, including one — Venture on Country Club – that was crowdfunded on SmallChange.co. For that project, which involved the conversion of a hotel in Mesa, Arizona, into a multi-unit rental building, Neighborhood Ventures raised $572,000 from investors on the platform.*
The latest project, Venture on 12th Place, encompasses the purchase of six separate buildings and a shared courtyard, all completed in 1971. Neighborhood Ventures plans to renovate the interior of each unit, replacing fixtures, hardware, flooring, and appliances, and painting. Exterior renovations will include painting, the installation of new doors, and upgraded landscaping, transforming unusable spaces into much desired outdoor gathering areas.
“When developers return to the SmallChange.co platform, it tells us that they care about building a community of everyday investors, just as we do,” says Eve Picker, founder and CEO of SmallChange.co. “We are delighted to host Neighborhood Ventures a second time.”
Investment minimums start at $1,000 and anyone 18 or older can invest.
To learn more about this offering, please view the listing details.
About Small Change
Small Change is a crowdfunding platform that enables developers to raise capital for real estate projects with social impact. Since its inception in 2016, Small Change has helped 39 developers raise over $10 million for projects in 21 cities, big and small, across the United States.
Small Change evaluates each project listed on its platform using its proprietary Small Change Index™, which employs a broad array of factors to determine social impact. Over half of the deals funded via the Small Change platform have either a minority and/or female sponsor, and all of them score above 60% on the Small Change Index. To date, 68% of the projects on the platform have included affordable housing and 84% have been located in underserved communities.
In 2020 U.S. News & World Report named Small Change one of the top seven real estate crowdfunding platforms.
For more information on Small Change, please visit www.smallchange.co or email [email protected].
Media Contacts:
Small Change - Rachel Antman, Saygency (212) 362-5837 [email protected]
NSSC Funding Portal, a SEC registered Funding Portal and member of FINRA, offers investments under Regulation Crowdfunding or Title III, per Section 4(a)(6) of the Securities Act. These investments are offered to everyone 18 or over.
This is not a solicitation of an offer to buy or sell any securities. The projects illustrated above may not be indicative of all projects on the platform. All investing is risky and includes the risk of loss. Securities are subject to liquidity risk and cannot be easily converted to cash. *Past returns do not guarantee future returns. If you are interested in learning more, please visit Small Change for educational material and detailed offering information. You can always say [email protected].
