Toronto-Based FULECap Introduces Innovative Concept in Commercial Real Estate Financing

FULECAP | June 17, 2020

Toronto-based company, FULECap, has recently made its debut into the Canadian real estate marketplace by innovating a virtually unlimited and rapidly-available Refundable Deposit Financing (RDF) for commercial real estate buyers. The RDF program provides commercial real estate buyers with short-term deposit capital during the Due Diligence (DD) period, typically the 30 to 90-day cycle before the deal is considered firm. Each deposit loan is held in the vendor’s lawyer’s trust account until the maturity of the DD period. The COVID-19 pandemic has greatly impacted both the global and Canadian economies, creating challenging times for individuals and businesses. Many financial institutions are hesitant to lend to borrowers out of fear that they may be unable to pay.

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Taking time to prepare for training new virtual assistants is important for their (and your) success! Watch this video before training your next remote team member!

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Taking time to prepare for training new virtual assistants is important for their (and your) success! Watch this video before training your next remote team member!

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REAL ESTATE TECHNOLOGY, AGENT

Cadre Launches IRA Solution Enables Investors to Allocate IRA Funds into CRE

Cadre | March 01, 2023

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MARKET OUTLOOK, REAL ESTATE INVESTMENT

FirstBank’s Investment in Zippy Expands Affordable Houseownership

FirstBank | February 23, 2023

FirstBank, a Nashville-based community banking provider to businesses, families, and individuals, recently announced an investment in Zippy, the fintech company that offers seamless manufactured home loans. By combining its knowledge with Zippy's groundbreaking technology, FirstBank is able to increase access to affordable homeownership and demonstrate its dedication to providing cutting-edge banking solutions for its local communities. Zippy is at present available in nine states including Kansas, Virginia, Missouri, Georgia, Alabama, Michigan, Texas, Arizona, and Indiana, and intending to double its current footprint in 2023. Zippy supports customers access for community-sold homes in master-planned communities that provide homeowners with amenities through the home loans the company offers. The amenities it helps with include workout facilities, community pools, playground and more. FirstBank has a vast experience in home lending manufacturing, and with investment in Zippy it will offer manufactured homes that are well-constructed and provide much-needed affordability amidst the current housing crisis in the United States. Zippy was created by former JP Morgan bankers, CEO Ben Halliday, and COO/President Jordan Bucy. They became community owners after acquiring a manufactured home community and completing a four-year renovation project. This experience gave them insight into the challenges facing the industry and a respect for the manufactured housing model. They then developed a unique online platform that can provide competitive loans in just five days. Wade Peery, Chief Innovations Officer at FirstBank, said, "FirstBank has extensive experience in manufactured home lending and has invested in fintech partnerships that enable us to offer innovative solutions that meet the needs of our customers.“ He also said, "In today's housing market, finding new paths to affordable homeownership is critical. This partnership will make buying a home possible for many new individuals and families." (Source: Cision PR Newswire) About FirstBank FirstBank is based in Nashville, Tennessee, and has 82 full-service branches in Tennessee, South Central Kentucky, Alabama, and North Georgia, in addition to mortgage offices located throughout the Southeast. The company is a wholly owned subsidiary of FB Financial Corporation with an approximate total assets valued at $12.8 billion. Established in 1906, FirstBank's approach to serving businesses, families, and individuals within the communities it calls home has prioritized local banking. FirstBank has grown through acquisitions and internal expansion to become a leading provider of core banking services.

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REAL ESTATE TECHNOLOGY,HOME AND DESIGN

Rently Updates App to Expedite Smart Home Installation

Rently | January 12, 2023

Rently, the industry leader in self-touring and smart home technology solutions, recently introduced a new feature on its Smart Home App. This new feature will assist technicians in accelerating the installation process using automated tools. It will also enable property managers to receive real-time notifications about successful smart home activations. Installers can now easily verify their identity and begin the installation process using Rently's Smart Home App. The app also provides stepwise instructions, guiding the installers through the entire process. This removes the need to call technical support to activate devices, which leads to significant time savings. Merrick Lackner, the CEO of Rently, states, "Rently recognizes the critical role that installers play in the deployment of smart home technology." He further added, "By eliminating the requirement for installers to contact intermediary technical support teams—just to verify device testing and activation—we hope to save them time, facilitate their projects, and make it easy for them to report their success to managers who receive these real-time updates on their Rently desktop portal." (Source: PR Newswire) Communications between smart home technicians and managers can now be synchronized using Rently's app. This will help save time and eliminate the uncertainty faced by property managers, who would otherwise have to wait for tenants to confirm if their smart home devices are working correctly. About Rently Based in Camarillo (California), Rently is a premier provider of self-touring and enterprise smart-home platforms. The company, established in 2011, serves single-family and multi-family operators. The platform provides convenient and cost-effective solutions to optimize and automate leading, collaborating with over 3,500 operators and enabling more than 15 million self-tours. In addition, Rently's enterprise smart-home vertical allows keyless self-tours, optimization of resident access, monitoring of units, and reduced utility costs from anywhere in the world.

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