• Mon. Nov 28th, 2022

Built Expands Commercial Real Estate Product Line for Lenders with Acquisition of Nativ

ByWillie M. Evans

Jul 29, 2022

Built and Nativ Partner to Provide the First Collaborative Transaction Management Platform for CRE Lenders on Construction, Transitional and Stabilized Real Estate Assets

NASHVILLE, Tenn.–(BUSINESS WIRE)–#acquisitionIntegrated Technologiesa leading provider of software for mortgage lenders and the construction industry, announced the acquisition Native, a leading transaction management platform for commercial real estate (CRE) lenders. The acquisition will enhance Built’s existing product suite for commercial lenders and enhance underwriting and asset management capabilities for construction, transition and stabilized assets.

Built co-founder and CEO Chase Gilbert said, “After years of working with top home lenders in the United States and Canada, our clients have begun to express their desire for us to help them solve new problems beyond just managing their construction loans. Our clients were having difficulty with loan underwriting and asset management as well as overall portfolio management and reporting. When we discovered Nativ, the powerful tools to streamline these processes were a no-brainer. This acquisition will also give Built access to a rich set of data on the performance of various real estate assets, enabling us to provide our clients with innovative risk intelligence products over time.

“Built’s construction lending solution provides our real estate customers with an enhanced banking experience and aligns with Regions’ goal of innovating through technology. The recently announced collaboration between Built and Nativ is exciting, as the combined platform specializes in both building and managing stabilized commercial real estate transactions and enables lenders to work within their native workflows, while benefiting from ‘a centralized, audited, and enriched data model in the cloud.’ – Tan Phillips, Regional Real Estate Banking

CRE lenders often isolate the information needed to make smart lending decisions. Managing this information manually is costly and exposes lenders to unnecessary risk. This approach prevents lenders from making timely strategic decisions, which limits growth and hurts portfolio profitability.

Nativ’s platform solves this problem by:

  • Provide a centralized and collaborative system of record that synchronizes transaction data at every stage of the loan

  • Enable lenders to integrate portfolio management while preserving familiar or “native” workflows, including spreadsheets, and complementing common loan origination and management systems

  • Overlay alerts and monitoring to validate compliance with loan covenants

  • Provide flexible portfolio analytics, reporting and monitoring to manage risk and automate common tasks

“Joining forces with Built will fundamentally change the way lenders and landlords work together,” said Jeff Saul, co-CEO and co-founder of Nativ. “Lenders have long been underserved by a lack of modern, industry-specific tools to speed up the loan closing and management process. Together, we’ll change the way lenders and landlords transact across the built world.

Saul and co-founder Adam Kerr join Built’s leadership team. The agreement brings Built’s workforce to more than 430 people and expands the company’s presence in New York. Built now serves over 220 lenders, including some of the largest non-bank lenders such as AllianceBernstein, Prime Finance and Benefit Street Partners.

For more information on how Built and Nativ will deliver exponential value to CRE lenders, visit www.getbuilt.com/nativ.

About the build

Built is the leading provider of construction technology and real estate finance. By providing a centralized platform for all stakeholders, Built enables increased business efficiency, collaboration, transparency and agility, with reduced risk, enabling customers to improve the way the communities around them are built. and managed. The Built platform is used by over 220 leading North American lenders and asset managers, as well as thousands of developers, homebuilders and contractors. To learn more, visit www.getbuilt.com.

About Nativ

Nativ is a leading provider of enterprise software for the commercial real estate investment industry. Nativ has helped clients across the country invest and manage billions in CRE assets. The products focus on automating workflows and using proprietary technology to optimize the underwriting and investment decision process through better insight and use of transaction data. Clients include funds, REITs, banks and insurance companies across the United States

contacts

Media:

Robin Bectel

REQ for building technologies

[email protected]
703-287-7800

Kristi Brown

Integrated Technologies

[email protected]
702-303-3019