Crowdfunding real estate company invests $ 7.5 million in hotel projects in Mexico
According to Mexico News Daily.
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“In 2020 alone, we funded over 40 million pesos for four projects,” said Monific. “The idea is to reach 150 million funds in 2021 and have seven or eight new opportunities.”
The company manages four boutique properties Tulum, Bacalar and Playa del Carmen.
Monific allows its investors to make investments of around $ 50 to $ 75,000 in the business, potentially producing annual returns of between 11 and 16 percent.
The company said its number of investors recently increased to 10,000, which has boosted confidence in expanding its reach.
He also noted that his four existing properties have not been negatively affected by the pandemic, as many guests have extended their stay at the hotel by several months due to “blockade restrictions.”