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Raisal Secures $3.5 Million Loan to Finance Acquisition of Florida Shopping Center
Leading fintech online marketplace streamlines transactions and takes CRE lending into the digital age.
Commercial real estate lending is one of the last frontiers in the financial industry that remains highly dependent on archaic, inefficient processes. Banks and other institutional lenders are seeking technological solutions to streamline activities and improve profitability. Raisal's innovative cloud-based design aims to solve these issues and help bring commercial real estate lending to the 21st century. Since its recent launch, the portal has supported more than several hundred million in loan opportunities.
Raisal arranged the loan within a few days of going under contract, and it closed in 45-days. The loan, representing 75% of the purchase price, was priced at 4% fixed for 10-years, with a 25-year amortization.
"Securing a commercial real estate loan (http://www.raisal.com/
Kevin Yaryan of Equity Investment Services served as the listing agent for the 52,000 square foot retail shopping center. "We were seriously impressed with the Raisal team," noted Mr. Yaryan. "The terms of the loan were outstanding and we were amazed at the level of diligence. Raisal's technology is the future of this industry."
Joshua E. Young, Raisal's founder and CEO said, "We have combined the powers of ground-breaking technology with an unprecedented understanding of how borrowers and lenders operate in order to create a portal that speeds up the velocity of the transaction and optimizes terms. The commercial mortgage lending industry has finally entered the digital age."
Raisal converges borrowers and lenders in a central platform, allowing borrowers the ability to compare commercial real estate loan offers from multiple lenders and easily perform an apples-to-apples comparison of rates and terms. With an expansive network of commercial lenders (http://www.raisal.com/
Learn more about Raisal by visiting www.raisal.com.
Raisal is the leading fintech marketplace where borrowers, real estate and financial professionals can compare commercial mortgages on a cloud-based platform. Headquartered in Miami, Florida, Raisal serves the $2.5 Trillion commercial real estate industry. This revolutionary lending solution allows borrowers to tap into an entire pool of commercial loan sources by submitting their criteria online and comparing competing offers in a transparent process where they can negotiate to fulfill their commercial financing needs.
Nationwide, lenders can browse through a database of current loan requests, targeting different criteria including geographic area, loan size, property type, and risk attributes, in order to find opportunities that fit their business objectives, resulting in lower customer acquisition cost.