We started WelcomeLend to solve a problem: Commercial Real Estate (CRE) financing is inefficient and fragmented. Borrowers consistently fail to find the right lending source for their deals. Deals that should be funded die due to avoidable causes. Borrowers and Brokers lack the proper tools to effectively structure, present, and place deals. Lenders are inundated with deals that are unorganized and oftentimes don’t match their program criteria.
As a team of seasoned CRE brokers, we felt these pains firsthand and couldn’t find the right solution. It became clear to us there was an opportunity to improve CRE transactions for everyone. We decided to scratch our own itch and build software to improve the experience for the borrowers we represent and ourselves.
Since then, WelcomeLend has become a highly sophisticated and automated cloud-based platform that powers every facet of our operation. It tracks over 40,000 active CRE deals, growing at over 1,000 deals per day. It automates and manages every deal we touch from initial contact through funding. It uses a proven matching algorithm to compare each deal point against our lender database to find the ideal lending source and structure.
Since launching the WelcomeLend platform, we have consistently doubled our year over year revenue. In the first three quarters of 2020, we closed ~$200MM in deals while operating in just two states. We’ve ruthlessly attacked inefficiencies and built the best platform for closing commercial real estate deals.
Now, it’s time to expand our platform. We are actively hiring sales executives to offer our services across all 50 states. Large CRE developers are outsourcing their financing operations to WelcomeLend so they can focus on other parts of their deals. Our team of capital markets researchers are finding powerful new ways to enrich our understanding of each lender’s program, liquidity levels, and deal history.
We believe WelcomeLend will fundamentally change CRE financing....and we’re just getting started.
David Schwartz & David Gamache