NEW YORK, April 12, 2017 /PRNewswire/ -- CrediFi Corp., the leading source of data and analytics for commercial real estate (CRE) finance, has announced the launch of CredifX, its online marketplace for financing commercial properties.
CrediFi has already made the commercial real estate market more transparent, by providing data about more than two million properties and thirteen trillion dollars in loans across the U.S. Now CredifX is taking that transparency revolution one step further. In addition to accessing information about commercial real estate finance through the CrediFi platform, CRE borrowers, brokers and lenders will now have unprecedented access to financing opportunities allowing them to close real estate deals through CredifX, CrediFi's latest fintech solution.
"CRE finance markets are about to experience a huge shift which will enhance the experience for borrowers, brokers and lenders alike," said CrediFi CEO, Ely Razin. "It's very simple. You're looking to finance your property, but why should you limit yourself to existing contacts and lenders? CredifX fosters competition so that borrowers receive the best terms on their loan. On the flipside, lenders and brokers are presented with a smorgasbord of previously unreachable owners in order to grow their deal flow."
CredifX is the next generation of CrediFi's fintech solutions for the CRE finance market. The platform taps into CrediFi's big-data platform providing market leading intelligence around borrowers and lenders, their properties and financing, and the opportunities that ensue. "This is the next generation of both financing and big-data for CRE, and it's driven by our market-leading data, algorithms and cloud-based technologies," continued Razin.
The launch of CredifX follows just weeks after CrediFi secured $13 million for its Series B funding, helping drive the launch of CredifX. Frank Muhlon has joined CrediFi's executive team as Head of Transactions and will oversee CredifX. Mr. Muhlon brings with him years of experience in both commercial real estate and online marketplaces, previously serving as a senior executive at Ten-X.
"CredifX streamlines the entire process of financing commercial real estate," said Muhlon. "The CredifX Diligence Room provides CRE borrowers, brokers and lenders with a secure workspace and efficiency tools that enable them to take any deal faster from discovery to closing."
Founded in 2014, CrediFi offers cutting-edge big-data solutions to the commercial real estate (CRE) finance market. CrediFi is the CRE leader in the fintech space and empowers borrowers, brokers and lenders to make better real estate investment decisions. CrediFi has raised $23 million in capital, has over 70 employees and is dual-headquartered in New York City and Tel Aviv.
Contact: Joseph Katz
212-419-8080 ext 601
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/first-data-driven-marketplace-for-commercial-real-estate-loans-speeds-process-to-finance-commercial-properties-300438553.html