EquityMultiple

EquityMultiple is an accredited-only commercial real estate platform whose star product is its cash-alternative line: Alpine Notes, fee-free short-duration notes (3-9 months) yielding platform-reported APYs of roughly 7.35-9.00%, with no missed or late interest payments to date (platform-reported). The key caveat: Alpine Notes are issued by EquityMultiple, Inc. itself and are not FDIC-insured or guaranteed, so repayment depends on the company ([EquityMultiple](https://equitymultiple.com/alpine)). The minimum is $5,000 for Alpine Notes (the intro Traverse series starts at $1,000); individual deals typically require $10,000-$30,000. Fees: none on Alpine Notes, about 1% on debt and preferred deals, 0.5-1.5% on equity deals plus a $30-70 annual admin fee and a promote on some equity deals. Equity deals lock capital for 3-7 years. Founded in 2015, with over $1.5B in cumulative investment volume across 50k+ investors (platform-reported). The BBB rates EquityMultiple B- and lists one complaint closed in the past three years ([BBB](https://www.bbb.org/us/ny/new-york/profile/information-technology-services/equitymultiple-0121-165155)). The three-tier Keep/Earn/Grow product ladder offers genuine diversification across debt, preferred, and equity, but the equity side carries full CRE cycle risk.