Built Technologies, a Nashville, Tenn.-based software provider for real estate lenders and the construction industry, acquired Nativ, a NYC-based provider of a deal management platform for commercial real estate (CRE) lenders.
The amount of the deal, which brings Built’s headcount to over 430 and expands the company’s presence in New York City, was not disclosed.
The acquisition will enhance Built’s existing product suite for commercial lenders and enable improved underwriting and asset management capabilities across construction, transitional, and stabilized assets.
Led by Jeff Saul and Adam Kerr, who join Built’s leadership team, Nativ is an enterprise software provider to the Commercial Real Estate investment industry. Products focus on workflow automation and the use of proprietary technology to optimize the underwriting and investment decision process through improved harnessing and utilization of deal data. Built now serves over 220 lenders, including some of the largest non-bank lenders such as AllianceBernstein, Prime Finance and Benefit Street Partners, as well as funds, REITs, banks and insurance companies across the U.S.
Led by Co-Founder and CEO Chase Gilbert, Built is a provider of construction and real estate finance technology. By providing a centralized platform for all stakeholders, the company enables increased efficiency, collaboration, transparency, and business agility—with decreased risk—allowing customers to improve the way that the communities around them are built and managed. The platform is used by more than 220 North American lenders and asset managers, and thousands of developers, home builders and contractors.
FinSMEs
01/08/2022