According to Kenny Slaught, new intuitive software and mobile applications give investors and builders a greater selection of lending and borrowing opportunities across a variety of real estate asset classes and geographies. California’s crowdfunding or peer-to-peer lending came about after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which greatly increased the ways in which sponsors raise funds for real estate purchases and development. The new regulation permits the previously banned promotion or openly solicitation of private funding from accredited people and firms. Anyone with a net worth beyond $1,000,000, not including ownership of their personal residences, 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. Says Kenny Slaught, the amendments gave the go ahead to individual borrowers and lenders to partake in debt and equity financing, where loans generate income in the form of interest, but without an official financial institution there as an intermediary. The online marketplace provides a new avenue for property owners and funders to browse new investment offerings, perform due diligence, access dashboards to track how assets and financial investments are performing.