SCOTTSDALE, Ariz.--(BUSINESS WIRE)--CommLoan, a Scottsdale-based, early stage commercial mortgage lending
technology company, today announced it has received $2.25 million in
seed funding from Social Leverage and ViaWest Group. This financing will
secure business development resources to accelerate sales and further
strengthen CommLoan’s leadership position in the marketplace.
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“CommLoan has built a distinctive platform designed specifically for the
commercial real estate finance setting, improving the overall
lender-borrower experience,” said Tom Peterson, founder and general
partner of Social Leverage.
Steven Schwarz, Founding Partner of ViaWest Group, added: “Being in the
commercial real estate business, we recognize the opportunity that
CommLoan has identified, to change the way commercial mortgage real
estate financing currently works, which will result in a win-win for
both borrowers and lenders who use their platform.”
CommLoan is the first company to create a marketplace platform capable
of sorting through thousands of lenders and potentially tens of
thousands of loan programs, matching commercial mortgage borrowers with
the perfect loan product. In addition to its state-of-the-art technology
platform, CommLoan provides borrowers with complete support throughout
the loan process through its experienced loan processing and
underwriting departments. CommLoan provides loans to borrowers directly
and also through its partnerships with commercial real estate brokerage
firms and other commercial mortgage brokerage firms.
“The commercial real estate lending process is highly inefficient and
borrowers are limited as it relates to their access to lenders and loan
programs,” said Mitch Ginsberg, co-founder and CEO of CommLoan.
“CommLoan aims to make the process efficient for both lenders and
borrowers. For lenders on our platform, we offer access to a new source
of potential borrowers, together with consistent, pre-processed packages
underwritten to their specific guidelines. For borrowers, CommLoan gives
access to the best available pricing, while providing white glove
service throughout the lending process.”
“Thanks to Social Leverage and ViaWest Group, we have found the ideal
partners who will help us take CommLoan to the next level,” said Marc
Mirbod, co-founder of CommLoan.
About CommLoan
Established in 2014, CommLoan is a commercial mortgage lending
technology company that has created the first true marketplace to match
commercial mortgage borrowers with the perfect loan product and features
personal, concierge-style service. Headquartered in Scottsdale, Arizona,
CommLoan is redefining the status quo by bridging the gap between lender
and borrower. With its innovative commercial mortgage lending technology
platform, CUPID™, CommLoan is able to grant access to hundreds of
different lenders representing thousands of loan products, while
providing the tools necessary to easily and efficiently compare the loan
terms. For more information, visit CommLoan.com or call 1-877-566-8734.
About Social Leverage
Social Leverage is a partnership that invests in exceptional
entrepreneurs, having invested in more than 100 companies in the past 10
years. Social Leverage partners with promising technology companies,
bringing its entrepreneurial expertise, relationships and marketing
experience to the forefront.
About ViaWest Group
Established in 2003, ViaWest Group is a Phoenix-based full-service
commercial real estate acquisition, development, property management,
investment and advisory firm. ViaWest Group has been one of the fastest
growing real estate investment companies in the Valley over the last few
years with over $300MM of acquisitions. Since inception, ViaWest has
been involved in over $600MM of acquisitions. ViaWest Group is looking
to acquire and develop more office, industrial, retail and commercial
land parcels in the Southwestern United States.
Contacts
ANGLES Public Relations
Ania Kubicki or Tobin Ernst
480-277-9245
or 480-322-3938