MIAMI, FL / ACCESSWIRE / May 9, 2022 / After facilitating over $600M in transactions during closed beta, Finance Lobby LLC has entered open beta, allowing commercial real estate brokers to post live deals on the company's platform. All lenders are able to sign up for a free trial and experience the online marketplace's features.
Finance Lobby's CRE lending platform comes at a time when businesses in various industries, including commercial real estate, are considering utilizing online software in hopes of eliminating or at least minimizing workplace redundancy and inefficiency. Programs that have the potential to streamline time keeping, accounting, and other functions are relatively common.
However, Finance Lobby's commercial real estate lending marketplace is a development in an industry where, until recently, CRE professionals were accustomed to spending months going back and forth, making multiple phone calls throughout their workdays, only to end up with a deal that did not always fully satisfy anyone. With Finance Lobby's platform, the CRE space may be witnessing a shift to a new way of conducting business, as the commercial loan platform connects brokers to lenders, helping them to facilitate faster, perfect-fit financing for each transaction.
Finance Lobby states that the results of its closed beta exceeded its expectations. "After all the hard work of our team, we were happy to see so many CRE lenders and brokers connected through our platform," the company says. "With the successful completion of closed beta, we are adding more deals to our platform as well as 50 brokers a week from our growing waitlist."
The highlight of closed beta, Finance Lobby says, was an $87M deal whose broker received a competitive quote less than an hour after posting. 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 the borrower wanted.
"While this is just one deal and is not representative of all deals on Finance Lobby's commercial loan platform, we were excited by this," the company states. "As you can imagine, $87M deals are not always easy to close. That this one received a competitive quote so quickly points to what can happen when CRE lenders and brokers are able to set aside their phones and instead use today's technology to be more efficient. Currently, each deal on our platform is receiving an average of four competitive quotes."
As Finance Lobby moves through open beta, it continues to prepare for the official launch of its CRE lending marketplace. "That will be an amazing day for our team members, who have all worked incredibly hard to make Finance Lobby a success," the company says. "Our ultimate goal is to help every broker and lender to work more efficiently so they can close better deals while being faster and more productive. Just think of what that may lead to in an industry whose workers have long relied on cell phones to do their jobs."
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:
SOURCE: Finance Lobby