REAL ESTATE TECHNOLOGY, HOME AND DESIGN
Curbio | February 28, 2023
One of the leading pay-at-closing home improvement solutions provider for the real estate industry, Curbio, Inc., recently announced the release of its new mobile app. The new app enables real estate agents and sellers to get instant estimates for pre-listing home improvement costs and projected ROI allowing them to unlock the actual value of their home with smart, ROI-driven updates.
Curbio's new mobile app is among the pioneers in the home improvement industry, providing convenience, speed, and pricing transparency. At the click of a button, realtors and homeowners can obtain immediate cost and ROI estimates for repairs, updates and renovations. In addition, Curbio's users can either start immediate work with the platform or use this information to make an informed decision regarding pre-listing and pre-sale home improvements.
Curbio's newly launched mobile app offers a user-friendly solution for real estate agents and sellers seeking pre-listing home improvement cost estimates and projected ROI. After entering property details, users can select from a range of home improvement projects, with estimated costs and ROI projections provided for each. This information can be used to request a project proposal from Curbio, with zero fees or interest required for payment at closing. The app aims to help users maximize their property value with smart, ROI-driven updates. The app's cost and return on investment information are based on Curbio's extensive project portfolio. Information is tailored to the specific market, project scope, and project type.
The Curbio mobile app also offers estimates for inspection-related repairs. Agents and their clients can now upload inspection reports directly to the app, and Curbio will provide a same-day, no-obligation estimate of the necessary repairs.
About Curbio
Founded in 2017, Curbio is a company that offers real estate agents and homeowners deliver hassle-free home improvement experiences. The company has rapidly become the largest national provider of pre-listing repairs, updates, and renovations. It has also helped modernize home improvements within a user-friendly app, boost project timeliness by 50% and remove delays and uncertainties restricting home improvement in the past. Based in Potomac (Maryland), Curbio is trusted by over 800 brokerages nationwide.
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REAL ESTATE TECHNOLOGY, HOME AND DESIGN
FirstClose | February 02, 2023
To help home equity lenders select and integrate their preferred settlement service vendors into FirstCloseTM Equity more efficiently, the company has launched its next-generation Vendor Gateway.
FirstClose Equity is a one-of-a-kind home equity origination solution that streamlines operational touchpoints while improving borrowers' overall customer experience. The platform's end-to-end solution comprises a borrower-facing point-of-sale solution that provides consumers with fast online feedback on their home valuation, accessible home equity, loan possibilities, and credit decisions in minutes. Also, lenders may be able to finish the process from application to closing in 7–10 days, while the average in the industry is 45–60 days. This is possible because of automated workflows that include the ordering of settlement services.
Lenders and their vendor partners can both significantly benefit from using FirstClose Gateway. One of the many benefits is that it will reduce vendors' time to get their products on the market. It will also make things better for borrowers by giving them consistent data and making sure their orders are filled. Also, it will make contracting and managing vendors easier by letting FirstClose equity lenders connect with their preferred providers under a single agreement, with a single bill and a single point of contact.
Ramiro Castro, Chief Product Officer for FirstClose, stated, "We designed the Gateway to give lenders greater control over the home equity process: everything from the customer experience they deliver to their operational and risk management choices."
"While our latest release includes a core set of vendors that are accelerating the origination process, our platform is vendor agnostic," Ramiro Castro concluded.
(Source – Cision PR Newswire)
About FirstClose
FirstClose, Inc., based in Austin (Texas), is a national provider of fintech solutions for a home equity line of credit (HELOC) and mortgage lenders. The company aims to help mortgage lenders improve profits while decreasing expenses. This is made possible by FirstClose's technology and relationships, which allow lenders to help their borrowers better, minimize closing costs, and shorten closing timeframes.
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REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Choice Properties Real Estate Investment Trust | February 17, 2023
On February 16, 2023, Choice Properties Real Estate Investment Trust announced it has agreed to issue a $550 million total principal amount of series S senior unsecured debentures on a private placement basis in certain provinces of Canada. The senior unsecured debentures will bear interest at a rate of 5.400% per annum, and its maturity will be on March 1, 2033.
A syndicate of agents co-led by BMO Capital Markets, TD Securities, CIBC Capital Markets, RBC Capital Markets, and Scotiabank is offering the Debentures on an agency basis. The Offering is predicted to close on March 1, 2023, subject to customary closing conditions.
The Investment Trust plans to use the net proceeds from the Offering to pay off its outstanding $250 million total principal amount of 3.196% series G senior unsecured debentures due on March 7, 2023, to repay all or part of the remaining amount drawn on the Trust's credit facility, and for other general business purposes.
For the Offering to close, DBRS Limited must rate the Debentures as at least "BBB" (high) with a "stable" On February 16, 2023, Choice Properties Real Estate Investment Trust announced it has agreed to issue a $550 million total principal amount of series S senior unsecured debentures on a private placement basis in certain provinces of Canada. The senior unsecured debentures will bear interest at a rate of 5.400% per annum, and its maturity will be on March 1, 2023.
A syndicate of agents co-led by BMO Capital Markets, TD Securities, CIBC Capital Markets, RBC Capital Markets, and Scotiabank is offering the Debentures on an agency basis. The Offering is predicted to close on March 1, 2023, subject to customary closing conditions.
The Investment Trust plans to use the net proceeds from the Offering to pay off its outstanding $250 million total principal amount of 3.196% series G senior unsecured debentures due on March 7, 2023, to repay all or part of the remaining amount drawn on the Trust's credit facility, and for other general business purposes.
For the Offering to close, DBRS Limited must rate the Debentures as at least "BBB" (high) with a "stable" trend, and Standard and Poor's Ratings Services must rate them as at least "BBB." The Debentures will rank equally with the Trust's other unsecured indebtedness that has not been subordinated.
As amended, the Debentures made available are not registered under the U.S. Securities Act of 1933, and they cannot be offered or sold in the U.S. without registration or an exemption from the registration requirements.
About Choice Properties Real Estate Investment Trust
One of the leading Real Estate Investment Trust, Choice Properties creates enduring value through the operation, ownership and development of high-quality commercial and residential properties. The company believes that creating spaces that improve how our tenants and communities live, work, and connect adds value. Therefore, it strives to understand our tenants' needs and manage our properties to the highest possible standard. It is a Toronto, Ontario-based company that aims to build sustainable communities that are economically, socially, and environmentally sound. Its core values are care, ownership, respect, and excellence, and they inform all that Choice Properties do.
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