Tag: CrediFi

[Credifi in Entrepreneur] How 3 Startups Got a VC to Say Yes

Elan Zivotofsky is not your typical investor. Rather than just choose where his own firm’s money goes, he makes decisions that also influence thousands of smaller investors. That’s because he oversees investments at OurCrowd, an innovative digital equity crowdfunding platform that’s part Kickstarter, part venture capital firm. Read more on Entrepreneur...

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[CrediFi in PR Newswire] First data-driven marketplace for commercial real estate loans speeds process to finance 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. Read more on PR Newswire...

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[CrediFi in Forbes] NYC real estate lending dropped 17% in 2016

Commercial real estate data startup CrediFi analyzed $180 billion in annual commercial lending for New York City and found that Deutsche Bank was the largest commercial real estate lender in 2016. Germany’s biggest bank inked between $5.5 billion and $6 billion in NYC loans last year. Among Deutsche’s major deals of 2016 was the origination of a $396 million loan to Related Companies to refinance 85 10th Ave.—former Oreo factory, current Google office. Read more on Forbes...

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[CrediFi in Haaretz] CrediFi raises $13 million for commercial real estate analytics

CrediFi, which provides data and analytics for commercial real estate financing, said Monday it secured $13 million and what the startup called its first significant strategic investment. The round was led by Liberty Interactive’s Liberty Israel Venture Fund, joined by 31 Ventures Global Innovation Fund and a CVC fund managed by Global Brain for Mitsui Fudosan, Japan’s leading real estate developer. Existing investors Battery Ventures, Carmel Ventures, OurCrowd and Stax also joined the round, which brings total funding since it was founded in 2014 to $23 milion. Read more on Haaretz...

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[CrediFi in Bloomberg] New York Property Moguls Get Creative as Big Banks Curb Lending

It’s tougher out there for New York City’s commercial real estate developers seeking cash for their latest projects. Big banks are pulling back and those filling the gap are demanding tighter terms, according to Ely Razin, chief executive of CrediFi Content Co., a property-focused data provider that published its quarterly rankings of the largest commercial real estate lenders in New York on Tuesday. Deutsche Bank AG slipped from first to second place in the three months through June. Read more on Bloomberg...

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