Reonomy Expands its Commercial Real Estate "Market Glances" to 30 MSAs

REAL ESTATE TECHNOLOGY

SitusAMC | August 10, 2021

SitusAMC, one of the largest independent, rated commercial real estate primary and special servicers in Europe, announced the expansion of the firm's servicing business in Europe to include corporate direct debt, infrastructure and social housing loans. SitusAMC currently services 67 billion euros in commercial real estate loans with assets located in 18 countries through Europe for banks, insurance companies, funds, and private equity firms. Alfonso Pagano has been hired as Director, reporting to SitusAMC's Executive Managing Director and Head of Europe, Lisa Williams, and will oversee the new business segment. In addition to loan servicing, SitusAMC also provides loan asset management, loan advisory and valuation services to its clients in Europe. With the expansion, SitusAMC will offer loan agency and loan administration services for corporate, infrastructure and social housing related loans. "Many of our European clients also provide corporate lending through direct lending platforms," said Williams. "As organisations look to streamline their operations with partners who can provide more comprehensive support, we saw an opportunity to leverage our proven experience in commercial real estate debt to provide a more efficient and effective way for to service a broader range of loans, including direct debt." Pagano, who joined the firm on July 29, brings more than 15 years of experience in servicing debt, including leadership roles at top global financial institutions such as BNP Paribas Securities Services, The Bank of New York Mellon and ABN AMRO. Most recently, Pagano worked as a commercial director in the capital markets services team at TMF Group. He has a master's degree in international economics and currency markets from Parthenope University in Italy. "This is a great opportunity to be a part of the expansion of SitusAMC's servicing business into corporate loan servicing. SitusAMC has a strong reputation in the market, a passionate team of experts, and a client list that includes some of the leading organisations in the region," stated Pagano. "I look forward to leading SitusAMC's entry into this new service offering and delivering value for everyone we proudly serve." About SitusAMC SitusAMC is the leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity.

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prnewswire | September 14, 2020

FL Cash Home Buyers, LLC buys, renovates, and resells properties in Florida. It has closed over 800 transactions since 2011. "It's been our mission since day one," says Omer. "We want to make a genuine difference and positive impact in this world. Both Gabe and I love helping people and donating to charity. Buying houses allows us to do both." The two owners met through yoga and the spiritual philosophy of yoga is the backbone of the company's culture. FL Cash Home Buyers donates a portion of all profits to charity and its goal is to donate $500,000 by the year 2030.

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REAL ESTATE TECHNOLOGY

Kukun | July 14, 2021

Kukun, the leading company in property data and predictive analytics for home renovations, announced today that SoFi would integrate the new Kukun Digital Cost Estimator into the SoFi app through Relay, SoFi's financial management tool. This expansion builds on SoFi and Kukun's existing partnership, which began in 2018 when SoFi started offering Kukun and SoFi's Home Improvement Cost Calculator products to its clients. In addition, Kukun offers Relay users property data, photos, and property values using Automated Valuation Models (AVM) for individuals interested in learning more about specific home investments. Relay will enable users to monitor the value of the owned real estate and handle different financial aspects related to the home by integrating Kukun's Property Tracking feature. Relay aspires to be the one-stop shop for SoFi members seeking a comprehensive understanding of their money. Real estate is often the most important financial investment, making it a crucial asset to monitor and manage. Kukun's most recent Cost Estimator is now available on Relay, allowing consumers better manage their remodeling budgets for the greatest possible outcome, increasing the investment value of their homes. Kukun will supply SoFi with Automated Valuation Models (AVM) and images and improve its existing digital estimator under the contract terms. The enhanced tool will include new rooms such as a home gym and an office and a real-time assessment of the return on investment (ROI) of any remodeling project. About Kukun Kukun is the leading provider of property data and predictive analytics, allowing homeowners to buy better, remodel smarter, and manage their homes more easily. Kukun's products assist customers, realtors, and real estate investors make smart financial decisions that create wealth. The company offers solutions that show which areas are likely to see the most price growth, profit from home improvements, estimate the cost of any renovation quickly and contain all of the information a house buyer or homeowner needs to optimize their home experience. Kukun's data and analytics solutions are also used by large companies in the investment, real estate, construction, and banking sectors. For example, Kukun is the only real estate renovation engine utilized on the websites of several of America's largest banks. About SoFi SoFi assists people in achieving financial independence so that they can pursue their objectives. Our products for borrowing, saving, spending, investing and protecting provide our more than one million members with quick access to tools to help them manage their money. In addition, SoFi membership includes the essentials for going ahead, such as career advisors and access to a thriving community of like-minded, ambitious individuals. SoFi Stadium, home of the Los Angeles Chargers and Rams, also has SoFi as a naming rights partner.

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