LOS ANGELES–(BUSINESS WIRE)–Feb 25, 2019–RealtyMogul announced today that it has sold a machine learning and artificial intelligence loan underwriting tool to Hunt Real Estate Capital, who plans to deploy the tool across its commercial real estate lending business.
RealtyMogul, known for their real estate crowdfunding platform www.realtymogul.com, was founded six years ago and has invested in over $2 billion of real estate, returning over $100 million to investors to date. The software was built as part of their research and development lab.
“We have always prided ourselves on building cutting-edge technology at RealtyMogul. We believe machine learning and artificial intelligence is changing the way we invest by removing human bias. We learn an incredible amount about what markets and specific properties to invest in because of our technology. We are thrilled Hunt is going to deploy it to an even larger piece of the commercial real estate market,” said Jilliene Helman, RealtyMogul’s CEO.
Financial terms of the deal were not disclosed.
RealtyMogul is a commercial real estate private markets investing platform that provides discerning investors exclusive access to thoroughly vetted opportunities, rigorous underwriting, and high-touch customer service through licensed investment professionals. RealtyMogul strives to build wealth through sound principles and data insights, serving real people who want a smart alternative investing strategy.
RealtyMogul offers capital financing opportunities to qualified real estate companies, and through rigorous vetting is able to hand-select opportunities for discerning investors. RealtyMogul offers securities through North Capital Private Securities Corporation, member FINRA / SIPC.