Fintech firms trying to disrupt traditional commercial real estate lending processes are finding that they still have plenty of work ahead.
Online lending in the commercial real estate industry is still in its very early stages. Some credit crowdfunding as the catalyst for launching commercial real estate fintech 1.0 several years ago. Crowdfunding pulled technology to the forefront in an industry that has typically relied on “old school” methods for raising capital. “That crowdfunding spark really started the online lending scene for commercial real estate,” says Tim Milazzo, co-founder and CEO of StackSource, an online commercial mortgage broker.
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