LOS ANGELES–(BUSINESS WIRE)–Please replace the release with the following corrected version due to
The corrected release reads:
REALTYMOGUL SELLS PROPRIETARY LOAN UNDERWRITING SOFTWARE TO HUNT REAL
ESTATE CAPITAL IN ALL CASH DEAL
RealtyMogul announced today that it sold its proprietary loan
underwriting software to Hunt Real Estate Capital who plans to deploy
the tool across its commercial real estate lending businesses.
RealtyMogul, best known for their real estate crowdfunding platform www.realtymogul.com,
was founded six years ago and has invested in over $2 billion of real
estate, returning over $100 million to investors to date. The software
was built as part of their research and development lab.
“We are excited to implement this proprietary loan underwriting software
that Realty Mogul has developed and continue to build our commercial
real estate lending business,” said Tyler Griffin, Hunt Real Estate
Capital’s Chief Operating Officer.
“We have always prided ourselves on building cutting edge technology at
RealtyMogul. We learn an incredible amount about what markets to invest
in and what specific properties to invest in because of our technology.
We are thrilled Hunt is going to deploy it to an even larger piece of
the commercial real estate market with their lending business,” said
Jilliene Helman, RealtyMogul’s CEO.
The transaction was an all-cash transaction. Additional financial terms
of the deal were not disclosed.
ABOUT HUNT REAL ESTATE CAPITAL
Hunt Real Estate Capital, a subsidiary of Hunt Companies, Inc., is a
leader in financing commercial real estate throughout the United States.
The Company finances all types of commercial real estate: multifamily
properties (including small balance), affordable housing, office,
retail, manufactured housing, healthcare/senior living, industrial, and
self-storage facilities. It offers Fannie Mae, Freddie Mac, FHA
financing and its own proprietary loan products. Since inception, the
Company has structured more than $28.4 billion of loans and today
maintains a servicing portfolio of more than $15 billion. Headquartered
in New York City, Hunt Real Estate Capital has 241 professionals in 23
locations throughout the United States. To learn more, visit https://huntrealestatecapital.com/.
RealtyMogul is a unique commercial real estate private markets investing
platform that provides discerning investors exclusive access to
thoroughly vetted opportunities, rigorous underwriting, and high-touch
customer service through licensed investment professionals. RealtyMogul
strives to build wealth through sound principles and data insights,
serving real people who want a smart alternative investing strategy.
RealtyMogul offers capital financing opportunities to qualified real
estate companies, and through rigorous vetting is able to hand-select
opportunities for discerning investors. RealtyMogul offers securities
through North Capital Private Securities Corporation, member FINRA/SIPC.