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Negotiates an investment of about $ 6 million (at a value of about $ 150 million after the money) in an American technology company that gives short-term loans (18 months) backed by a first mortgage, to developers and contractors in the field of residential real estate in the US, in a model Crowdfunding.
According to the company, 110,000 investors are listed in the databases of the American technology company, who can split their investment over a number of loans to reduce the risk.
At the same time, Medipower is considering the establishment of an investment fund of at least $ 30 million (with Medipower’s share in the fund at least $ 5 million) which will provide real estate-backed loans as part of the technology company’s platform.
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In its reports for the second quarter of the year, MedPower reported a 2.3% decline in NOI in the second quarter to $ 4.2 million and a 1.1% decline in identical assets compared to the same quarter last year. The FFO fell by a higher rate of about 13% and amounted to $ 1.65 million compared to 1.9 million a year earlier.
Profit for the period attributable to shareholders fell from $ 685,000 in the second quarter of 2020 to $ 483,000 now. Equity at the end of the period was $ 89.3 million compared to $ 73.8 million at the end of the same period.
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