"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
Built
Software Development
Nashville, Tennessee 11,177 followers
Connect and Simplify Doing Business in Real Estate
About us
Built is a leading provider of construction and real estate finance technology used by nearly half of the top 100 construction lenders in the U.S. By making it simple to connect and do business in real estate, Built enables increased efficiency, collaboration, transparency, and business agility—allowing customers to build and manage the communities around us more profitably and with more confidence. Built is used by hundreds of leading North American lenders and asset managers, and thousands of developers, home builders, and contractors. Built has a quarter of a trillion in real estate dollars being actively managed on its platform, representing approximately 10% of all U.S. construction spend. To learn more, visit www.getbuilt.com.
- Website
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http://www.getbuilt.com
External link for Built
- Industry
- Software Development
- Company size
- 201-500 employees
- Headquarters
- Nashville, Tennessee
- Type
- Privately Held
- Founded
- 2014
- Specialties
- Financial Services Technology, Construction Lending, CRE Lending, Bank Compliance, Risk Mitigation, SaaS- based company, Renovation Lending, Builder Finance, FinTech, Homebuilder Finance, Residential Construction Lending, Commercial Construction Lending, Digital Lending, construction finance, and SaaS
Locations
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Primary
Get directions
625 Grassmere Park
Nashville, Tennessee 37211, US
Employees at Built
Updates
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🔍 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
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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! 🚀
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📈 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
US regional banks build stronger safety nets as CRE pain lingers
reuters.com
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Built reposted this
President Belman Homes 🏠 🇺🇸| Custom Home Builder | Construction | Home Building Hero Podcast Host | Speaker | Realtor | Amazon Best Selling Author "Leadership Growth Hacks"
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.
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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
Housing costs have nearly doubled in swing states since 2020
https://thehill.com
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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
Will Basel III Endgame Rewrite Banks’ Role in CRE?
https://www.commercialsearch.com/news
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Built reposted this
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.
Kevin O'Leary raises red flag about housing market in 3 states
newsweek.com
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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.
What has helped you afford housing in this market? We want to hear from you
npr.org
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👏🏻👏🏻👏🏻
This week marks my 3-year anniversary at Built Thrilled with celebrating the successes of the past 3 years. Genuinely excited about where we’re headed. It has been an incredible adventure. More than anything, I feel gratitude. In a time of extreme professional and personal turbulence, it was a lifeline in 2021. At age 39, I started a completely new career. I recall the anxiety and uncertainty of the search. And the relief and thrill of receiving an offer—exactly where I’m standing right now at the Nashville airport, actually. Thank you to those who took a shot on me. Especially Bryan Champ. I was a candidate with no experience in sales … or software … or banking. I shared a vision that skills such as organization and active listening and relationship-building would be as valuable to Built as they had been in my reporting career. And it turns out that was correct! I’ve often told Chase Gilbert, Scott Thissen and others that this literally is a life-changing opportunity for me. I’m so grateful, every day—even on the most challenging of days. Thank you to our client base of banks and credit unions and other lenders. We say often that the best part of the job is getting to work with you and know you and spend time with you and share in your successes. And we absolutely mean it. I’m so happy to say that I’ve become friends with so many truly wonderful, genuine people from coast to coast. We believe, very much, in our mission to be a partner more than a vendor, and we look forward to continuing to deliver on that promise. Thank you to family and friends, who supported me through the daunting challenges I faced a decade ago—wondering what path I should take. You all were buoys when I was adrift. And you were a harbor on which to celebrate upon this landing. And thank you to the colleagues at Built across teams. In a tech and startup-type world, it requires more teamwork and collaboration to be successful than I had ever experienced in sports and sports media. It has been pure joy to share in these wins with all of you. Cannot wait to continue celebrating these stories with you and for our customers. An illustration of my time at the company came last September when, unfortunately, my little toy Aussie was attacked by a pit bull. I was a total mess in the days after. The whole month is just sort of a blur. But the spiritual and financial support I felt from colleagues was tremendously uplifting. It was evidence how we have each others’ backs, in good times and not so good times. (Also: She’s OK! Couple of surgeries, but couldn’t keep a good girl down. Here is Kit from this spring.) I am and will forever be grateful to this company and for this opportunity. Here’s to the next chapters together! Onward!
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