Give asset managers the opportunity to improve margins on high yield loans by implementing technology that mitigates investment risk, improves team efficiency, and shortens draw turnaround times to improve developer relationships.
Without Built, the average CRE draw turnaround time for financial institutions is 10.6 days. Applying the same criteria to 74,988 processed draws on the Built platform, the average CRE turnaround was only 6.02 days yielding increased interest income.
Built provides complete operational transparency and insight into investment performance. Project data, once loaded onto the system, provides predictive analytics so you can gain a competitive edge in an evolving capital environment.
Sponsorship entities and lenders can clearly track collateral through each stage of the construction process via Built’s online portal. Built eliminates manual processes that are typically completed on spreadsheets, and aggregates information in a centralized hub that powers faster draw turnaround times. Shortening the construction cycle enables sponsors to achieve greater IRRs and faster paths toward revenue generation.
Development is inherently risky. By managing collateral in a single system of record with all key stakeholders, you can ensure project execution and completion within the requirements of the loan agreement. And, you can leverage the data to make informed lending decisions with reduced risk.
Our team is ready to discuss how Built can meet the evolving needs of your commercial real estate investment portfolio.