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New York

Crowdfunder Fundrise marketing 3 WTC bonds

Platform offers users a chance to invest in the building's senior debt

Fundrise's Ben and Daniel Miller, a rendering of 3 World Trade Center and Larry Silverstein
Fundrise's Ben and Daniel Miller, a rendering of 3 World Trade Center and Larry Silverstein

Crowdfunding platform Fundrise is marketing some of the tax-free bonds used to finance Silverstein Properties’ 3 World Trade Center.

The website, which counts top Silverstein executives  among its key investors, is offering up the chance to invest in a $2 million share of the 80-story skyscraper’s most senior debt, according to Capital New York. Fundrise is not directly re-selling the debt, according to the website, but is offering a chance to invest in a trust that holds the debt.

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Silverstein sold the tax-free Liberty Bonds in October for roughly $1 billion of the building’s financing at an initial annual return of 5 percent.

Fundrise raised $31 million in May, as TRD  reported. Silverstein’s chief executive Martin Burger and president Tal Kerret were among the investors.  [Capital NY] — Claire Moses

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Larry SilversteinSilverstein Properties
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