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Financial & Economic News

Mavrix Group Partners with Karim Rashid and DiversyFund

DiversyFund joins forces with Karim Rashid and Mavrix Group to finance and develop a stunning home in the desirable community of La Jolla, California. Karim Rashid, an established designer with over 32 years of experience, will take an existing home that was under partial construction and redesign the home’s interior structure.

Karim plans to incorporate California’s natural surroundings to evoke fluidity of the neighborhoods contemporary design. One of the main reasons Erin Wicomb, Founder of Mavrix Group, brought Karim on was to have the designer incorporate his own personal flare to make the property truly one of a kind. Located at 7930 Costebelle Way, La Jolla, CA 92037, the home’s structural shell has about 6,000 SF of living space alone and that might seem secondary to the spectacular 180 degree ocean views.

DiversyFund’s platform raised $1 million dollars to crowdfund the property’s construction. Craig Cecilio, Founder and CEO of DiversyFund, and Erin Wicomb have worked together on a handful of successful real estate projects to date. “Erin Wicomb and his team are the new up and coming developers in the real estate industry. Teams like theirs are one of the main reasons we decided to branch out into crowdfunding and incorporate DiversyFund. By partnering with innovative teams like Mavrix Group, we really are looking to take part in making an impact in the industry by adding value to neighborhoods both distressed and established. Especially with Karim on board, we are even more excited to see what he can do to this home,” Craig Cecilio discussed during the taping of the property.

Watch the video below of Karim Rashid and Craig Cecilio sharing their vision at the property in La Jolla, CA.


Mavrix La Jolla Home from ROF Industries Inc

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