EquityMultiple
Editor reviewed$5,000 accredited CRE platform; fee-free short-term Alpine Notes are the flagship
Rates verified September 9, 2026View platformTracked since2026
0 reviews trackedThe Bottom Line
Minimum
$5,000
Biggest pro
Alpine Notes are one of the cleanest short-term yield products in the niche, with a perfect repayment record to date
Biggest con
Alpine Notes are unsecured obligations of the platform, not FDIC-insured and not bankruptcy-remote
At a glance
Rates verified September 9, 2026- Minimum investment
- $5,000
- Accreditation
- Required
- Fees
- No fee on Alpine Notes; ~1% on debt/preferred deals; 0.5-1.5% on equity deals plus $30-70/yr admin fee and a promote on some equity deals
- Target return
- Platform-reported Alpine Note APYs roughly 7.35-9.00% by term (3-9 months); deal-level target IRRs vary
- Liquidity
- Alpine Notes mature in 3-9 months; equity deals lock capital 3-7 years
- Founded
- 2015
Is it worth it?
~$900 a year on $10,000, if the target holds
A $10,000 stake at the platform-reported 9% target would generate roughly $900 a year before fees. Returns are not guaranteed: fees, defaults, and illiquidity reduce this, and platform-reported figures are not audited.
What is 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 a perfect repayment record to date. The critical caveat: Alpine Notes are unsecured obligations of the platform itself, not FDIC-insured and not bankruptcy-remote.
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). Some legacy equity deals from the 2021-22 CRE vintage have impaired or lost capital, and third-party reviews note BBB-grade service complaints. 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.
Pros and cons
Pros
- Alpine Notes are one of the cleanest short-term yield products in the niche, with a perfect repayment record to date
- Genuine diversification across debt, preferred, and equity
- Over $1.5B cumulative investment volume (platform-reported)
Cons
- Alpine Notes are unsecured obligations of the platform, not FDIC-insured and not bankruptcy-remote
- Equity side carries full CRE cycle risk; some 2021-22 vintage deals impaired or lost capital
- Accredited investors only
- Third-party reviews note BBB-grade service complaints
Key details
Alpine Notes: fee-free 3-9 month notes as a cash alternativeThree-tier product ladder (Keep/Earn/Grow)Institutional-style deal vettingDebt, preferred equity, and equity deals on one platformIntro Traverse series from $1,000
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EquityMultiple FAQ
What is the minimum investment on EquityMultiple?
$5,000 for Alpine Notes ($1,000 for the intro Traverse series). Individual deals typically require $10,000-$30,000.
Is accreditation required on EquityMultiple?
Yes. All EquityMultiple offerings are limited to accredited investors.
What are the risks of investing on EquityMultiple?
Alpine Notes are unsecured obligations of the platform itself: not FDIC-insured, not bankruptcy-remote, so their perfect repayment record depends on EquityMultiple staying solvent. Equity deals carry full commercial real estate cycle risk with 3-7 year lockups, and some legacy deals from the 2021-22 vintage have impaired or lost capital.
Source: equitymultiple.com