New smart software and mobile applications, successful developer and property management Kenny Slaught points out, give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. California’s new crowdfunding or peer-to-peer lending projects emerged after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly democratized the processes in which sponsors raise funds for real estate acquisitions and development. The new regulation allowed the previously banned practice of advertising or openly soliciting private funding from accredited individuals and firms. Anyone with a net worth of $1,000,000, excluding ownership of their personal home, or with an annual income of $200,000 or a household with $300,000 per year, if filed jointly with a spouse, can become an accredited investor. The amendments gave the green light to individual borrowers and lenders to proceed with debt and equity financing, where loans generate income in the form of interest, without any financial institution involved as an intermediary. The online marketplace has evolved to offer new avenues for property owners and funders to browse new investment offerings, perform due diligence, access dashboards to track how assets and financial products are performing.