Hunt Real Estate Capital, which offers financing for every kind of commercial real estate, has announced that it intends to deploy loan underwriting software from RealtyMogul across its commercial real estate lending businesses.
Hunt said it will utilize the software in its commercial real estate lending business such as financing for multifamily properties, including small balance; affordable housing; office; retail; manufactured housing; healthcare/senior living; industrial; and self-storage facilities.
“We are excited to implement this proprietary loan underwriting software that RealtyMogul has developed and continue to build our commercial real estate lending business,” said Hunt Real Estate Capital COO Tyler Griffin.
“We have always prided ourselves on building cutting-edge technology at RealtyMogul. We learn an incredible amount about what markets to invest in and what specific properties to invest in because of our technology. We are thrilled Hunt is going to deploy it to an even larger piece of the commercial real estate market with their lending business,” RealtyMogul CEO Jilliene Helman said.
The deal was an all-cash transaction, but the companies did not disclose any additional financial terms.