Yeah, alot of these are popping up over the years. Fundrise is another one though they focus on several loan types.
Being I'm an investor I'm the guy that generally you are making the money off of, so long as I perform.
I have two projects right now that if I didn't have the cash to put up myself then I'd of pulled a bridge loan.
I like these products cus of the high yield, but also know that I am relying on people out there flipping houses and/or trying to refi into longer-term loans to perform on these.
I do alot of real estate meetups and have helped many real estate investors and now there is too many people that don't know what they are doing, the rising market and low interest rates have been a savior at time.
This product will probably perform well while the market/economy is still good and I may even jump into some loans myself, just be sure to pay attention to any market downturn. That is when you want to lighten up as more of these loans will start to go bad.