Four Bottlenecks That Prevent Commercial Mortgages from Closing
When it comes to obtaining a commercial real estate loan, the process has historically been inefficient and opaque, lacking the transparency and efficiency necessary to ensure borrowers are securing optimal terms. Instead of spending critical time completing transactions and implementing business plans, borrowers are often stuck going back and forth between a limited number of lenders and brokers, attempting to obtain the best possible outcome.
How Technology Can Streamline Commercial Lending for Borrowers
In today’s environment, time is money, and what can easily be finalized in as little as five days can sometimes take several months, which is critical time that borrowers can be spending prioritizing other projects or implementing their business plan. Click to read more about how technology can enhance the commercial lending process and create the following opportunities for borrowers: quicker timelines, competitive yet transparent marketplace, seamless and streamlined experience.
CRE Veterans Launch Tech-Enabled Debt Marketplace
As featured on GlobeSt.com:
Commercial real estate veterans from Avison Young, Greystone and KeyBank Real Estate Capital have unveiled TrueRate, an online debt placement marketplace.
TrueRate offers bridge lending, agency lending and other institutional debt sources, including life insurance companies. Dan Gorczycki, who has brokered over $3 billion in transactions over his two decades in commercial real estate finance and is a former senior member of Avison Young’s debt and equity team, leads the venture
Post COVID Impacts on the Construction Loan Market
The construction industry is experiencing one of the strongest returns since the pandemic has begun to subside. Demand for multifamily housing is now exceeding pre-pandemic levels on a national basis and as the vaccine has continued to roll out across the U.S., we are seeing signs of a new normal that is emerging. As we continue to track the industry’s bounce back, here are four trends that are largely impacting construction lending.