Built Expands Commercial Real Estate Product Suite for Lenders With Acquisition of Nativ

▤ Summary

Built Co-Founder and CEO Chase Gilbert said, “ After years working with top real estate lenders in the US and Canada, our customers began voicing their desire for us to help them solve new problems beyond just managing their construction loans. This acquisition will also give Built access to a rich data set for how various real estate assets are performing, allowing us to provide innovative risk intelligence products to our customers over time.” “ Built’s construction lending solution offers our real estate clients an enhanced banking experience and aligns with Regions’ goal of innovating through technology. The recently announced collaboration between Built and Nativ is exciting, as the combined platform specializes in both construction and stabilized commercial real estate transaction management and allows lenders to work in their native workflows–all while benefiting from a centralized, audited, and enriched data model in the cloud.” – Tan Phillips, Regions Real Estate Banking CRE lenders often silo information required to make intelligent lending decisions. • Providing a centralized, collaborative system of record that synchronizes deal data across each loan stage • Enabling lenders to integrate portfolio management while preserving familiar or “native” workflows including spreadsheets, and complementing common loan origination and servicing systems • Layering on alerts and monitoring to validate loan covenant compliance • Delivering flexible portfolio analytics, reporting and monitoring to manage risks and automate common tasks “ Joining forces with Built will fundamentally change how lenders and owners work together,” said Jeff Saul, Co-CEO and Co-Founder, Nativ. Products focus on workflow automation and the use of proprietary technology to optimize the underwriting and investment decision process through improved harnessing and utilization of deal data.

$ Funding

▦ Linked Companies

Built

$1M to $5M