Groundbreaking intuitive software and mobile applications, according to Kenneth Slaught, the owner of one of the most successful property management enterprise in Santa Barbara, give investors and builders a larger selection of lending and borrowing opportunities across numerous real estate asset classes and geographies. California’s crowdfunding and peer-to-peer lending projects evolved after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which significantly opened up the ways in which sponsors raise funds for real estate acquisitions and development. New regulations allow the previously banned practice of openly soliciting private funding from accredited individuals and firms. Anyone with a net worth of $1,000,000, not including ownership of their personal residences, or with an annual income of $200,000 individually or $300,000 per household, if filed jointly with a spouse, can become an accredited investor. These amendments gave the go ahead to individual borrowers and lenders to engage in debt and equity financing, where loans generate income in the form of interest, without an official financial institution involved as an intermediary. The online marketplace has created a new avenue for property owners and funders to browse new investment offerings, perform due diligence, and have access to dashboards allowing them to monitor how assets and financial products are performing.