CRE Simple, Inc., a San Francisco, Calif.-based Commercial Real Estate (CRE) financing company, raised a seed funding of undisclosed amount.
The round was led by Grand Ventures and Fin Venture Capital, with participation from Darkknight Ventures, Sandalphon Capital, Duke Angel Network, and other private investors.
The company intends to use the funds to accelerate growth by adding sales, marketing, and product development resources.
Led by Brian Thompson, Co-Founder and CEO, CRE Simple is a Commercial Real Estate (CRE) financing company that uses intelligent technology and integrating with the entire CRE ecosystem. The OneSource platform is purpose-built to manage loan origination, applications, credit file creation, processing, underwriting, closing, and servicing.
By connecting the dozens of parties involved in the CRE deal workflow and managing over 1700 steps in each transaction, the company accelerates processing times while allowing capital partners to reduce their cost of lending.
CRE Simple has also been accepted within REACH Commercial, a strategic growth accelerator operated by Second Century Ventures, the venture capital arm of the National Association of REALTORS®.