Built

"Ever wonder how the world gets built? It's complicated when lenders, asset & portfolio managers, real estate owners & developers, general contractors & more are all working in silos. But for the first time ever, there is one place where everyone can connect, collaborate, and streamline how business gets done in real estate. Enter Built: your cloud platform for the real estate lifecycle." We're excited to share our latest video, "Enter Built," which dives into the complex world of financing, developing, building, or owning and operating real estate assets real and how Built's platform connects and benefits the key players involved. If you're looking for ways to boosts profits, reduce risks, maintain trust with clients, and use a platform that seamlessly integrates with your existing technology, Built has the blueprint for your success. Visit getbuilt.com to learn more! #Built #CRE #RealEstate #FinTech #ConstructionTech #Innovation

“Rising costs are causing people to really rethink what’s actually important to them. If you look back just a few years, people wanted pools and home theaters. Now, data shows they prefer practicality—a minimalist approach that still ensures a good quality of life. But for that to happen, we need to address what’s preventing people from moving in the first place.” Tanner Dieterich, Head of Built’s Owner & Contractor Relations

🔍 Breaking: A new Built survey of 2,000 consumers shows that approximately 60% of Americans have seen housing costs rise in the past five years, and 4 in 10 feel stuck where they are. Rising costs are making practicality the new luxury in home and workspace preferences. 🏗️ Developers, Built can help you respond to these market trends by accelerating your projects to stay on time and keeping them on budget through: - Disbursing funds faster - Optimizing finance management - Simplifying compliance - Accelerating insights Check out the full survey results and our detailed infographic below! #Built #RealEstate #Construction #Finance #ProjectManagement

The Commercial Real Estate Finance Council (CREFC), of which Built is a member, conducted its 2Q 2024 BOG Sentiment Index survey, revealing key insights into the state of the CRE finance markets. Despite economic uncertainties, there are several positive takeaways: Rates and Fundamentals: Positive shift in the impact of mortgage and cap rates, with stability in CRE fundamentals. 🏦📈 Transaction Activity: Steady transaction activity expected, showcasing investor confidence. 🏢🤝 Financing Demand: Strong demand for financing continues, highlighting ongoing opportunities in CRE. 💰📋 Liquidity and CMBS Market: Positive views on liquidity and CMBS market performance contribute to market stability. 💧💼 Let's leverage these bright spots to drive forward with confidence! 🚀

📈 US Regional Banks Build Stronger Safety Nets as CRE Pain Lingers 📉 A recent Reuters article highlights the ongoing challenges faced by US regional banks in managing commercial real estate (CRE) portfolios. Despite a turbulent market, banks are implementing stronger safety nets to navigate these complexities and ensure stability. At Built, we understand the critical importance of robust financial management and risk mitigation in CRE. Our new Unified CRE Draw and Asset & Portfolio Management Platform is designed to support these very needs. By providing an integrated solution for draw management and comprehensive asset oversight, we empower lenders and asset managers to enhance efficiency, maintain compliance, and drive profitability. Discover how our platform can help you stay ahead in this challenging environment by visiting our website or contacting our team. #CRE #CommercialRealEstate #Finance #Built #Innovation #RiskManagement #AssetManagement #PortfolioManagement #RealEstate #Banking

Here is a shocking stat: Median income in 2004: $42,500 Median Home Price 2004: $184,000 4.3 times your income Median Income 2024: $54,000 Median Home Price 2024:$532,000 9.8 times your income❗️ That represents a 190% increase in the cost of housing compared to 29% jump in income.👀 Americans are falling behind and it’s getting worse. This path is unsustainable. It’s beyond time to get serious about #housingaffordability It needs to be part of every conversation at local boards, statewide legislation, and nationwide. We can no longer allow more rules, taxes, processes, and restrictions to be added on housing. In fact, the reverse is needed. It’s time to roll back, simplify and make housing our top priority.

While our technology can expedite project financing and improve information flow, the environment must also support increased housing construction through favorable rates and regulations. Key Stats: - Since January 2020, monthly mortgage payments on a typical U.S. home have nearly doubled, increasing by 96%. - Homeownership now costs well over the 30% of median income previously considered affordable (Marketplace). Encourage anyone running for office in your area to work towards creating a more supportive climate for building! #HousingCrisis #AffordableHousing #Built

Exciting news! Built is featured in Commercial Property Executive, where our very own Nicole Schmidt shares invaluable insights. 📈✨ Nicole discusses how Basel III Endgame will put pressure on banks to adopt more in-depth risk management systems, impacting CRE loan scrutiny and borrowers' financial profiles. 🏦 Reach out to discover how Built can help optimize processes, reduce risks, and drive growth in today's dynamic CRE market. 🏢 #RealEstate #CRE #AssetManagement #PortfolioManagement #Innovation #Compliance #Efficiency #Built

What a conundrum. - Nearly 90% of homes have mortgages with rates below 6%. - Borrowers who bought or refinanced prior to the rate hike likely have a mortgage rate ~3.5% and if they were to sell, their rate today would nearly double. - New buyers in markets like Austin, Miami, and even here in Nashville face competition from buyers in higher tax leveraged states like California, Massachusetts, New Jersey and New York due to the lack of state sales taxes.

Important survey on housing from NPR reporters, Jennifer Ludden and Marisa Peñaloza, on America's housing crisis. While there is no one-size-fits-all solution, more inventory has been proven to bring down prices in markets where significant building has taken place. Ex. Austin. We need to do a better job of streamlining the flow of money and information in construction and real estate, enabling builders to start work promptly and eliminating unnecessary delays.