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.
When human lives are concerned, Kenny Slaught is convinced medical research and practice need expanding horizons for timely and holistic global health interventions. “These grants are meant to spur on new discoveries that could ultimately save millions of lives,” explained Chris Wilson, director of Global Health Discovery at the Bill & Melinda Gates Foundation. “GCE winners are expanding the pipeline of ideas for serious global health and development challenges where creative thinking is most urgently needed.”
Amidst the increasing popularity and overarching involvement of modern technologies in all spheres of human life and activities, California-based entrepreneur and philanthropist, Kenny Slaught, acknowledges the value of groundbreaking innovations in the property development market. As he emphasizes that technological advances have brought America’s real estate industry into the digital age, making the property management sector both more efficient and profitable, Slaught further elaborates on the role of technologies in the housing industry on his blog at KennySlaught.com.
Kenny Slaught is proud to note that David Low, a professor in UCSB’s Department of Molecular, Cellular, and Developmental Biology, will head up an innovative global health and development research project that will go by the title of “Strategy for development of enteric pathogen-specific phage”. Low’s research focuses on a revolutionary way to fight against serious bacterial pathogens that have become resistant to many once-powerful antibiotics. He will create phage to locate and destroy several pathogenic bacteria to avoid enteric diseases in small youth. They will engineer different versions of the T2 lytic bacteriophage that bind multiple different regions of the BamA protein found on the surface of several pathogenic bacteria, which will ensure they only infect these target bacteria. They will test the different phage for ability to kill pathogenic E. coli and Shigella, and whether they will end up forming a resistance.
Amidst the growing worldwide recognition of the role of research and technologies in improving global health care and human wellbeing, California-based entrepreneur and philanthropist, Kenny Slaught, acknowledges the value of scientific innovations in addressing international development needs. Having earned a degree in business and economics from the University of California, Santa Barbara, he has served on the UCSB Foundation Board of Trustees since 1996. The prominent real estate developer has recently praised the University on his blog at KennySlaught.com, as the notable institution was announced the Grand Challenges Explorations grant winner last year in May.
Hospice of Santa Barbara provides a wide range of donation-based services not just for residents facing terminal and chronic illness, but also to benefit their families. Many of the programs at the Hospice serve the needs of children facing the impending or recent passing of a loved one. About 20 percent of children face the death of a loved one before turning 18, with one in 20 children suffering the loss of one or both of their parents before they become adults. Hospice of Santa Barbara endlessly works to deliver free support to individuals in these situations, through numerous programs. Kenny Slaught notes that the group helps individuals cope with grief and avoid or mitigate depression, anxiety issues, and post-traumatic stress disorder (PTSD).
The Parenting After Loss program runs eight weeks in length and is a support group for parents and guardians, as well as their children, following the death of a parent or sibling. The community support and care received in this program is built specifically around the emotional and practical reactions to tragic loss within a family unit. Kenny Slaught points out that via participation in the program, families master the tools they need to communicate with each other and effectively grow stronger as a group after experiencing the loss.
Kenny Slaught notes that Hospice of Santa Barbara delivers a wide range of services not only for those facing terminal and chronic illness, but also for their families. Many of the organization’s programs focus on the needs of children as they struggle with the impending or recent passing of a family member. Around 20 percent of children suffer the death of a loved one prior to turning 18, and one in 20 children sees the loss of one or both parents before they reach adulthood. Hospice of Santa Barbara seeks to provide those in these situations with free mentorship through numerous programs. This support helps children cope with their grief to avoid or alleviate depression, anxiety, and post-traumatic stress disorder (PTSD).
Central California’s notable real estate expert and philanthropic investor, Kenny Slaught of Investec Real Estate Companies continues to show exceptional support and empathy to those working through a hardship in life. In keeping with his visionary philosophy as a renowned charitable activist, he has backed the Hospice of Santa Barbara and its Parenting After Loss program, continuing to educate the greater public of the importance of social support, particularly for those who have experienced the loss of a loved one. Slaught recently promoted these programs via the blog at KennySlaught.com.
Having only been in the market for a few years, crowdfunding portals have rapidly grown over 150 startups across the nation, specializing in real estate. Today, around 7% of the U.S population is an accredited investor. In highly urban settings like Southern California, this number is closer to 20%. Software platforms such as CrowdEngine, RealtyShares, CrowdForce, and others made it possible to legally raise money from the general public, with some going as far as attracting 90% of equity requirement from investments made through these platforms. Data analytics applications such as Rentlytics, on the other hand, give owners greater insight into the performance and management of their portfolios. Coming from a diverse background of developing state-of-the-art properties for the past 35 years, Kenny Slaught notes that, in the real estate tech scene, California remains one of the most active states in the market. With cutting-edge innovation tools available to pool capital, borrowers and sponsors have raised over $53 million through 90 residential, multifamily, and commercial properties in Sacramento, San Francisco, and throughout the Bay Area.