REAL ESTATE TECHNOLOGY, MORTGAGE AND LENDING
Newswire | May 31, 2023
Pineapple Financial Inc. (PAPL: Reserved), the tech-focussed mortgage brokerage with an integrated network of partner brokerages and agents across Canada, is pleased to announce it will now be offering mortgage services in Western Canada via their alliance with Pineapple Canada Lending House. Pineapple is excited to provide more Canadians with its revolutionized approach to mortgage services through this market expansion.
"Our goal at Pineapple has always been to give as many Canadians as possible the opportunity to purchase a home," said Shubha Dasgupta, Co-Founder and Chief Executive Officer of Pineapple. "To achieve this, we've simplified the journey through data-driven processes and intelligent technology, all while strategically and sustainably expanding our presence in the Canadian market. Thanks to our alliance with Canada Lending House, Pineapple will be able to provide more homebuyers and brokers across Canada with the best experience and products the industry has to offer."
Since its inception, Canada Lending House has offered brokers an established system of training and extensive support services to accelerate their success rate by eliminating time-consuming processes. Pineapple Financials' innovative, automated and digitalized technology approach will supercharge the Canada Lending House system to provide their brokers with a streamlined approach that will free up more time to focus on result-driven tasks and building relationships.
"We are thrilled to join the Pineapple network and bring the future of mortgage brokering across British Columbia," said Harbir Dhillon, Managing Broker at Pineapple Canada Lending House. "Our focus is dedicated to providing small-town brokers with the most advanced, digital tools that are not often available. Our partnership with Pineapple Financial will improve on delivering that experience and augment our proven system of time-saving processes designed to accelerate a broker's career." Harbir continued by saying, "After our brokers complete the Pineapple training program, they will be able to focus 100% of their attention on the things that matter most - providing superior customer service and deal-generating activities."
The expansion into Western Canada is proof of Pineapple's ambition to build momentum and drive its growth. The company is expanding its business presence nationwide, all while modernizing the Canadian mortgage industry. Even as the real estate landscape has changed significantly over the past 12 months with higher interest rates and turbulent conditions, Pineapple has continued providing mortgage-seeking Canadians nationwide with the best service and solutions to meet their needs today and into the future.
"We are honoured to partner with Canada Lending House," said Christa Mitchell, Chief Strategy Officer at Pineapple. "This partnership is key to unlocking Pineapple's national expansion and delivering on our commitment to provide the best service and mortgage solutions to borrowers across Canada."
Pineapple is a leader in the Canadian mortgage industry, breaking the mould by focusing on both the long-term success of agents and brokerages and the overall experience of homeowners. With approximately 700 brokers within the network, Pineapple utilizes cutting-edge cloud-based tools and AI-driven systems to enable its brokers to help Canadians realize their ultimate dream of owning a home. Pineapple is active within the community and is proud to sponsor cancer charities across Canada, where proceeds from every transaction go to improving the lives of fellow Canadians touched by cancer. Visit www.gopineapple.com for more information.
About Pineapple Canada Lending House
Pineapple Canada Lending House is a trusted and established Mortgage Brokerage in British Columbia, Canada, with over 20 years of experience serving the community. They have built a reputation for providing their clients with industry-leading solutions, world-class customer service, and access to a wide range of mortgage products and services. They bring a new flavour to mortgage brokering and are proud to offer big-city perks to smaller communities across BC.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | May 22, 2023
NexPoint, a multibillion-dollar alternative investment platform, today announced the acquisition of two life sciences industrial properties located in Philadelphia, Pennsylvania, from Frontida Biopharm, LLC, a company in the Adare Pharma Solutions group, which is a global technology-driven contract development and manufacturing organization focused on oral dosage forms for the pharmaceutical industry. The properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million in equity from accredited investors via a private placement offering. NexPoint Life Sciences II DST aims to raise capital from investors looking for exposure to the growing life sciences real estate sector.
The real estate transaction builds on NexPoint's commitment to grow its presence within the life sciences industry and to provide best-in-class facilities for innovative companies in the research, development, and manufacturing of pharmaceuticals, biotechnology-based food and medicines, medical devices, biomedical technologies, nutraceuticals, and cosmeceuticals.
The real estate acquisition includes nearly 18 acres of land across the two separate properties and more than 250,000 square feet of interior space where Frontida Biopharm, LLC will remain the tenant. The first property comprises R&D, production, and warehouse facilities capable of producing three billion tablets and capsules annually. The second property features distribution facilities and packaging capacity for four billion tablets and capsules annually and allows for potential expansion on its 12-acre campus.
"As the life sciences industry continues to evolve, we see increasing demand for quality properties to support companies across all stages of innovation," said Matt McGraner, NexPoint Real Estate Advisors' Chief Investment Officer. "We are committed to expanding our footprint in this critical sector with modern facilities that help life sciences companies do their best work."
NexPoint is a multibillion-dollar alternative investment firm comprised of a group of investment advisers and sponsors, a broker-dealer, and a suite of related investment vehicles. NexPoint provides differentiated access to alternatives through a range of investment solutions, including public and private real estate investment trusts, tax-advantaged real estate vehicles, merger arbitrage and event driven strategies, other private real estate investments, closed-end funds, interval funds, and a business development company. NexPoint is based in Dallas, Texas and is part of a network of affiliates with expertise across the asset management and financial services spaces.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Accesswire | April 28, 2023
EquityMultiple today took another step in its evolution as a vertically integrated investment manager with the launch of its dedicated originations group, EM Investment Partners (EMIP). EMIP will help deliver on EquityMultiple's mission to provide accredited investors access to the highest quality real estate opportunities across the capital stack. EMIP primarily focuses on the middle market where it can leverage its asset management expertise to originate "win-win" transactions: bespoke financing solutions that simultaneously deliver attractive risk-adjusted return opportunities for EquityMultiple's investors. EMIP's institutional approach and proprietary network of sponsors allow EquityMultiple investors to participate in rigorously vetted real estate opportunities from quality operators.
EMIP is a natural extension of this industry leadership. Working behind the scenes at EquityMultiple, the EMIP team has originated over $400M in debt, preferred equity, and equity investments since the inception of the EquityMultiple platform, participating in transactions that account for over $4.5B in total market capitalization.
EMIP's originations approach is shaped by current market dynamics. Leveraging proprietary data, vast experience, and deep industry relationships, the EMIP team crafts a forward-looking market thesis in order to provide value to middle-market sponsors and unique deal flow to EquityMultiple's network of self-directed accredited investors. In conjunction with the launch of EMIP, EquityMultiple will be launching its first open-ended debt platform to provide borrowers with financing solutions beyond traditional banks. EMIP's first dedicated debt fund will primarily target first mortgage loans on most property types in markets with strong fundamentals, targeting low double-digit annual net returns to EquityMultiple investors. Middle-market operators seeking debt or equity financing can get in touch at eminvestmentpartners.com.
EquityMultiple is a commercial real estate investment and technology firm whose mission is to build investor wealth through streamlined access to diverse real estate investment products. To date, EquityMultiple's investors have participated in over $4.5 billion in commercial real estate transactions through its online investing platform. The firm pairs innovative technology with real estate experience via its subsidiary, EMIP, and industry-leading investor services, to offer an unparalleled investing experience.