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Still, in beta, the Washington DC-based commercial real estate lending startup, RealAtom announced that it has raised a $4 million Seed round. The round was supported by 500 Startups, one of the most prominent startup accelerators in Silicon Valley, with participation from CRE family offices and industry angels. The funding, significant for any seed stage startup on the east coast, will enable RealAtom to add more institutional users to its platform, which uses intelligent machine learning algorithms to help commercial real estate borrowers and lenders find better loan opportunities.
One of the things that sets real estate apart from other asset classes is the appetite for lending. The entire property industry runs on investors’ desire to lend money on properties because of the perception of the lasting value of a real asset. In the residential property market, at least in the U.S., there are institutions that will purchase securitized loan portfolios. In commercial real estate, where the assets are a lot more expensive and exponentially more difficult to value, a lot of loans are created and held by private lenders. This means that a borrower needs to find a way to get in front of the multitude of family office and mid sized money managers that are looking to put debt on commercial properties.
Since 2014, DCA Live has hosted events featuring the fastest growing companies and most dynamic professionals in the Washington, DC region’s legal, association & nonprofit, entrepreneur, federal tech, real estate and corporate communities. DCA Live also publishes the twice weekly digital newsletter the DCA, featuring profiles of leading professionals from these industries.
For the fourth year, the MIPIM Startup Competition, in partnership with global real estate tech partner MetaProp NYC, will reveal the most promising and innovative startups that tackle the biggest urban challenges around the world. The 2019 edition will stop by 3 cities, Paris, New-York, and Hong-Kong, major international hubs for PropTech, where the selected startups will pitch their ideas and business models to move the real estate ecosystem forward.
This year’s top 9 finalists have already survived a round of intense competition and are demonstrating some of the highest potential within the PropTech startup world. Again, this will be an unforgettable and monumental event taking place in Cannes on March 14th from 4:00 – 7:00pm. Following the event will be a Yacht Party co-hosted by MetaProp and Lennar.
MIPIM’s theme for the 29th annual conference is “Mapping World Urbanity,” and the event’s programming will try to address issues like, How will we live in cities in 2030 and 2050? And, what are the best strategies for building future cities in a globalized world?
“Where are we in the cycle?” It’s a question that investors across a range of asset classes repeated over and over again in 2017, but those who raise and deploy capital in the commercial real estate industry arguably had the most pressing reasons for asking it. As Goodwin and Columbia Business School held their 11th Annual Real Estate Capital Markets Conference in January, the more than 500 participants had just left behind a year that saw transaction volumes decline and REITs significantly underperform for a second straight year.
Some $700 million of loan requests have gone through the RealAtom online platform, which was launched in October 2016 to match borrowers looking for commercial real estate financing with prospective lenders. The Arlington, Va., company is in the process of raising what it hopes would be $2 million of funding from a private equity firm, real estate developer and individual investors that it would use to add staff and enhance its website.
At the innovation session that was part of the real estate conference organized by the Goodwin law firm and Columbia Business School, Yulia Yaani, the founder and CEO of RealAtom, and Zach Aarons, the co-founder of MetaProp, … presented on how technology is reshaping the real estate industry.
Over the last few years, several online marketplaces have been established to try and match commercial real estate borrowers with lenders quickly and efficiently using technology. In the past, commercial real estate lending depended heavily on having local connections, but online platforms are blurring these lines—making geographical borders less relevant and opening doors for new types of lenders to establish themselves.
The week is anchored by the increasingly amazing annual MIPIM PropTech Summit. Through this marquee event and dozens of others each year, top government, business, and technology minds from around the world come to New York City to learn, network and strike deals.
The three startups from the mipim proptech startup competition today to advance to the final pitch round are:
Never before has it been so easy for lenders and borrowers to find one another. Online financial marketplaces make expanding real estate portfolios easier for investors of all asset classes. Borrowers benefit from connecting with all types of lenders, from traditional bank loans to crowd funding sources, securing the right funds for their projects. No matter which side of the fence you stand on, try these online lending marketplaces designed for real estate.
500 Startups’ next batch of accelerator companies is launching now that its previous demo day has wrapped up, this time seemingly having a bit of a wider focus than we’re accustomed to seeing coming out of the firm.
Commercial Real Estate Expert, by Gary Richetelli
A D.C.-area startup has launched a new online loan marketplace for the commercial real estate industry. Think LendingTree, but for commercial construction as opposed to home mortgages and credit cards.
LendIt, the world’s largest show in lending and fintech, today announced eight finalists for its fifth PitchIt @ LendIt competition. In partnership for the first time with 500 Startups, the world’s leader in investing and mentoring, and sponsored by Marqeta, PitchIt is a leading global competition for fintech startups to earn mentorship, endorsement and exposure to institutions, investors and broad visibility.
This blog series is in partnership with Commercial Real Estate Women (CREW) Network, the industry’s premier business networking organization dedicated to advancing the achievements of women in commercial real estate. More than 10,000 CREW Network members represent nearly every discipline within the industry globally and have a presence in over 70 major markets.
Real Estate Tech News wants to honor those innovative and forward-thinking companies and individuals who have played an integral role in advancing tech in the real estate industry during 2016.
Q&A with #RETAS Sponsor and RealAtom Co-Founder and CEO, Yulia Yaani.