Miami, Florida–(Newsfile Corp. – April 14, 2022) – Finance Lobby LLC, a commercial real estate financing marketplace, has announced it has just completed closed beta, during which over $600M in transactions were facilitated. The company states that with the successful reach of this milestone, it is now in open beta and allowing brokers to post live deals on the commercial loan platform and lenders of all types to sign up for a free trial.
The development comes as the CRE financing space continues to grow. In 2022 alone, it is projected to hit $202.6B in revenue. While the reasons are likely complex, among them may include rising construction costs, which can potentially benefit existing assets; strong demand and available debt; and the growth of cities, such as Austin, Tampa Bay, and Nashville.
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How lenders and brokers connect with each other in pursuit of relevant deals is changing as online platforms are introduced to a workforce that until relatively recently was accustomed to doing business primarily on their phones. Finance Lobby’s commercial loan platform was designed with the goals of more easily connecting CRE brokers and lenders to facilitate the best possible financing for each transaction.
“We are excited by the results of our closed beta, which showed that our online CRE marketplace can connect commercial real estate brokers to lenders, no matter where they are in the country, and present them with deals that match their desired terms,” says Finance Lobby. “We are happy to see the results as we add more deals to the platform. Currently, we are adding 50 brokers a week from our waitlist.”
Finance Lobby reveals that during closed beta, an $87M deal was posted, and within an hour, the broker had a competitive quote, which they accepted within minutes. “While this is just one deal and is not representative of all deals on Finance Lobby’s commercial loan platform, it is still an example of how rapidly the market can operate when CRE professionals have efficient tools to work with,” the company says. “The lender was matched to a relevant deal and had all of the information needed to make the competitive quote. The broker got exactly the terms requested. Currently, each deal is receiving an average of four competitive quotes.”
Finance Lobby states that as 2022 progresses, it will work to help more CRE brokers and lenders make the transition to its online commercial loan platform. “Our aim is to introduce more efficiency into the industry so that its professionals can work faster and be nimbler,” the company says. “With the potential for them to reach a new level of productivity, can you imagine the changes we may see across the CRE financing space in the years to come?”
Finance Lobby is an online financing marketplace for commercial borrowers, brokers, and lenders. It helps CRE professionals find the deals they want without the hassle. For more information on Finance Lobby, please see the company’s website at https://financelobby.com/ or contact:
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