The Toronto based real estate crowdfunding platform NexusCrowd has raised $500 million for development of three commercial properties by Downing Street Realty Partners. Two industrial units in Toronto and one in Mississauga were given the funding boost through the crowdfunder; it was the second big deal of the fall totalling $1 million. The developments by Downing are due for completion in October 2016 and BanklessTimes.com reports that the total equity raise is $5.8 million with the NexusCrowd portion raised in just 5 weeks.
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