Shibolet advised Medipower on the deal.
Medipower, a full-service commercial real estate firm, completed its investment and secondary buy-out in Groundfloor, a US tech company offering short-term, high-yield real estate debt investments to the general public, in an amount of up to US$9 million.
As part of the transaction, Medipower will join forces with Groundfloor, receiving rights to promote its platform in Israel and form a private fund that will invest at least $30 million in Groundfloor’s platform.
The Shibolet team was led by Einat Weidberg (Picture), Yoav Manor, and Hemi Dagan.
Law Firms: Shibolet & Co.;