REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Tavant | March 08, 2023
On March 07, 2023, a Silicon Valley-based custom AI-powered solutions provider, Tavant, announced the launch of Proptech 3.0, its latest phase in Real Estate Technology. This phase of Tavant's Proptech evolution introduces innovation to the real estate industry by providing end-to-end solutions and AI-powered analytics that optimize the ecosystem for all stakeholders. Its extensive and reliable knowledge base allows its partners to unlock the maximum potential of their data while achieving impact and quality at each stage of the data monetization process. Additionally, its multi-sector, multi-generational experience allows scaling start-ups and industry leaders like the nation's third-largest home builder to empower the digital transformation of its adjoining business units to increase flexibility and efficiency, creating a more complete and overall competitive business.
Tavant's revolutionary Touchless Lending® automation solution enabled 9,656 homeownership dreams per day, underwrote more than 80,000 loans, and improved revenue by 250% from the prior year on customer growth of 200%. At the same time, the Proptech sector has been stable over the past year. In addition, Tavant has remained dedicated to its craft and has been awarded the 'HousingWire Real Estate Tech 100 Award' for the third consecutive year.
Tavant develops automated solutions to improve how buyers, sellers, and investors use mobile apps and search engines to find realtors and other critical resources. It automates and optimizes data workflows for enterprises of all sizes to launch revolutionary digital-first solutions and help them become industry leaders. It delivered custom technology solutions to a partner hyper-focused on building affordable housing, automating the end-to-end loan application process, and connecting third-party financial systems while working with actively changing state regulations to create one seamless and effective system for partners, providers, and consumers.
Tavant, a digital products and platforms provider, offers impactful results to North America, Europe and Asia-Pacific customers. Based in Santa Clara, California and established in 2000, the company employs more than 3000 people. Its talent extends beyond the residential real estate market. It is the premier implementation partner for businesses seeking to transform, scale, and stay ahead of the curve, with its 23 years of resilience, recent expansion into Europe and Asia-Pacific, and metamorphic milestones. It has created an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies, and enhancing collaboration.
MARKET OUTLOOK, REAL ESTATE INVESTMENT
Wedgewood LLC | February 13, 2023
Wedgewood Homes, a creative solutions provider for real estate with a key focus on revitalizing communities across the US by buying and selling single-family homes, has been awarded Greater Los Angeles' Best Real Estate Solutions Provider in BUILD Magazine's 2022 Real Estate and Property Awards.
Since its start in 1985, Wedgewood has been working to find real estate solutions by purchasing single-family homes, renovating them, and selling them to potential buyers. This gives people a chance to own their own homes. Wedgewood is able to stay ahead of the competition by figuring out what customers want and what the market will do next. Additionally, the company prioritizes implementing strategies to remain adaptable and profitable during fluctuating market cycles.
Wedgewood Homes is active in more than 20 states and buys thousands of homes annually. It is a leader in reviving and reusing homes across the country. Wedgewood Homes spent hundreds of millions of dollars in 2022 to update, fix, renovate, and reimagine real estate in a good way for the environment.
Jamie Bedner, Chief Operating Officer of Wedgewood, said, "We're thrilled that Wedgewood Homes has been named 'Best Real Estate Solutions Provider — Greater LA' by BUILD Magazine." She said, "At Wedgewood Homes, we are committed to providing solutions and advancing the real estate industry. This award acknowledges our talented and dedicated LA team and validates our core values."
(Source: Cision PR Newswire)
Founded in 1985, Wedgewood is an award-winning real estate group based in Redondo Beach, California, which operates in 21 states and 800+ cities across the US. Wedgewood Homes' acquisition, renovation, and resale model use local vendors and services, real estate professionals, and nearly forty years of experience to revitalize neighborhoods one home at a time. The company started with a simple idea, to leave every house in better shape than when they found it. This, along with their creative approach, has made Wedgewood Homes the leader in their field. Its goal to improve one house at a time has caught on in communities throughout the United States.
REAL ESTATE TECHNOLOGY,MORTGAGE AND LENDING
3650 REIT | January 04, 2023
3650 REIT, a national commercial real estate lender with a $13.1 billion loan portfolio for relationship borrowers, has announced the launch of its new Transitional Lending platform. The main goal of the new platform is to make transitional loans for borrowers who want to do recapitalization or certain other transactions.
With the platform launch, 3650 will now be able to provide borrowers with a complete range of financing options across the property life cycle in a market where banks and other alternative lenders are pulling back.
The Transitional Lending platform is a new addition to 3650's existing Bridge and Event Driven (BED) and Stable Cash Flow platforms. It offers flexible loan structures for cash-flowing or newly built projects with a clear path to stabilization. About $500 million in transitional loans are expected to be made through the new platform in 2023.
3650 REIT said that in today's uncertain capital markets, the company must give borrowers various loan options to cover the wide range of deals being made. This new platform is an important and exciting step forward to help the growth process.
In this real estate cycle, transitional lending fills borrowers' financing gaps. Those who take these loans will also get customized short-term financing options and business plans for each property. 3650, which has the infrastructure and staff to fund these projects, will book its first loan on the new platform in 2023.
In terms of loans originating via its BED and Stable Cash Flow platforms, 3650 had $1.66 billion by the end of 2022.
About 3650 REIT
3650 REIT is a commercial lender that makes portfolio loans and takes care of them for relationship borrowers all over the country. Because of its unique way of investing, national scale, vertically integrated platform, and status as a rated special servicer, it can offer customized financing options, high-touch service, and reliable results that are centered on the customer. Meanwhile, 3650 REIT manages its portfolio efficiently by retaining investment risk.