Happy summer!
We've been gone a few months, so are excited to be back and to announce the 2016 rankings have been completed!
There's been an earthquake of changes in the industry since last year, and so it's no surprise that the rankings have changed a lot too. Several newcomers pushed their way up into the top 10, including Lendinghome, Roofstock and Fund That Flip. Several former champs stumbled and fell. (Former co-#1 Patch of Land dropped to #8, and Fundrise plummeted to #25). And the new #1 is Peerstreet. It's the first site in the industry to post the performance of every investment, and it reveals an outstanding performance record.
In the news, lots happened over the last several months. Patch of Land conducted "secret" mass layoffs, Fundrise accused its CFO of extorting $1 million, and iFunding was hit with a 2nd lawsuit. Also, our site ranking system was mentioned in Bloomberg News and several other news sources across the nation.
So hope you're keeping cool this summer and enjoy!
Ian Ippolito
Creator and editor
