Miami, Fla. – (Newsfile Corp. – April 14, 2022) – Finance Lobby LLC, a commercial real estate finance marketplace, announced that it had just completed closed beta, during which over $600 million in transactions were facilitated. The company says that with the successful completion of this milestone, it is now in open beta, allowing brokers to post live offers on the commercial lending platform and lenders of all types to sign up for a free trial.
The development comes as the CRE funding space continues to grow. In 2022 alone, it is expected to reach $202.6 billion in revenue. Although the reasons are probably complex, among them may include increased construction costs, which can potentially benefit existing assets; strong demand and available debt; and the growth of cities like Austin, Tampa Bay and Nashville.
Finance Hall
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The way lenders and brokers connect with each other in finding relevant transactions is changing as online platforms are introduced to a workforce that until relatively recently was accustomed to do business primarily on their phone. Finance Lobby’s commercial lending platform was designed to more easily connect CRE brokers and lenders to facilitate the best possible financing for every transaction.
“We are excited about the results of our closed beta, which showed that our online CRE Marketplace can connect commercial real estate brokers with lenders no matter where they are in the country, and present them with offers that match their desired terms. “, declares Finance Hall. “We are happy to see the results as we add more deals to the platform. Currently we are adding 50 brokers per week from our waiting list.
Finance Hall reveals that during the closed beta, an $87 million deal was posted, and within an hour the broker had a competitive quote, which it accepted within minutes. “While this is just one transaction and not representative of all transactions on Finance Lobby’s commercial lending platform, it is still an example of how quickly the market can operate. when CRE professionals have effective tools to work with,” the company says. “The lender was associated with a relevant offer and had all the information necessary to establish a competitive quote. The broker obtained exactly the conditions requested. Currently, each transaction receives an average of four competitive quotes. »
Finance Hall states that as 2022 progresses, it will work to help more CRE brokers and lenders transition to its online commercial lending platform. “Our goal is to bring more efficiency to the industry so its professionals can work faster and be more agile,” the company says. “With the potential for them to achieve a new level of productivity, can you imagine the changes we might see in the CRE funding space in the years to come?”
Finance Hall is an online financing marketplace for commercial borrowers, brokers and lenders. It helps CRE professionals find the deals they want without hassle. For more information about Finance Lobby, please visit the company’s website at https://financelobby.com/ or contact:
FINANCE LOBBY
[email protected]
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