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M&T Bank Expands Commercial Real Estate Lending Capabilities

PRNewswire — Mon, 25 Jul 2022 16:30:01 +0000

M&T has launched its new Commercial Real Estate Innovation Office, an integrated team focused on building comprehensive solutions for commercial real estate (CRE) clients. The CRE Innovation Office aims to creatively connect financial products to clients’ needs, including various types of CRE lending, debt capital markets, and Agency & Insurance company placements.

The CRE Innovation Office, led by Brooke Cianfichi, will tackle the creation of new CRE solutions, including aiming to onboard strategic third-party capital for the benefit of clients. M&T hired three executives based in New York City to support this effort. Notably, M&T Realty Capital Corporation, a subsidiary of M&T, is authorized to originate loans under all three Agency programs: Fannie Mae, Freddie Mac, and HUD.

“M&T has deep experience in the commercial real estate space, and the Innovation Office marks our commitment to continued expansion in diversified commercial real estate solutions,” said Peter D’Arcy, Head of Commercial Banking, M&T Bank. “This is a substantial opportunity to build upon our already strong capabilities in this space and it further complements M&T’s trustworthy and forward-thinking approach to exceed client expectations.”

“Often when a client approaches a large financial organization, they can feel siloed into one group or another, with those groups not communicating efficiently,” said Cianfichi. “At M&T, we recognize the value of connecting the client to what they need in a coordinated way, as a trusted advisor providing a creative solution.”

Cianfichi, Executive Vice President, brings almost 20 years of banking, sales, real estate finance, and fundraising experience to the role, along with a future-forward, customer-centric view. As CRE Segment Lead covering strategy for M&T’s $48B CRE debt commitments and the creator of the CRE Innovation Office, she is responsible for overseeing the development of new capital solutions in commercial real estate for new and existing clients.

Three new hires with deep and varied commercial real estate backgrounds recently started in the CRE innovation office.

Lopa Kolluri, Senior Vice President, comes to M&T from HUD, where she served as the head of the Federal Housing Administration (FHA) overseeing $1.2 trillion in insured mortgages and leading 2,800 employees. With over 25 years of experience in affordable housing and community and economic development in the public and private sectors,

Kolluri will lead the CRE Innovation Office’s “Strategy + Build” approach as Business Strategy Senior Manager, drawing on her extensive knowledge and experience in executive-level management of housing finance policy, operations and transactions.

Laura Murphy, Senior Vice President, comes to M&T from TF Cornerstone, where she was responsible for all debt capital market activities across the company, including mortgage financing for development projects, acquisitions, and existing properties, as well as corporate facilities and lines of credit. As Senior Strategic Initiatives Manager, Murphy will focus on the execution of new solutions.

Ashley Mitchell, Vice President and Lead Commercial Segment Support Analyst, will focus on improving business efficiencies, building out revenue-generating initiatives and helping evolve the line of business for the future. Mitchell most recently played a key role in the CRE Strategy Team at People’s United Bank.

“In conclusion, we understand the client well because many of us were once the client,” said Cianfichi. “The clients’ needs guide our priorities today and into the future.”

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Milo Originates Record $10 Million in Crypto Mortgage Loans

PRNewswire — Wed, 20 Jul 2022 14:30:21 +0000

Milo, a financial technology company that is reimagining the way global and crypto consumers access financial solutions, today announced it has closed a record $10 million in crypto mortgages. This milestone achievement demonstrates the strength of Milo’s innovative 30-year crypto mortgage which was brought to market only this past April. The product, which represents the world’s first crypto mortgage offering, makes it easy for crypto investors to utilize their digital assets to purchase real estate in the United States.

“The success of our crypto mortgage over the past few months serves as a testament to our ability to pioneer and create a unique solution for the crypto community,” said Josip Rupena, founder and CEO of Milo. “We have incredible momentum and see a fundamental need to help individuals diversify their wealth to generate real world yield through real estate. In today’s volatile environment, our crypto mortgage is an excellent solution for clients who wish to continue to own crypto and invest in real estate, all while keeping the potential price appreciation of both.”

Earlier this year, Milo became the first to offer a mortgage that bridges the world of digital assets with traditional finance by allowing investors to qualify with Bitcoin, Ethereum, and USDC. To purchase property, clients can pledge their crypto with regulated and insured custodians (Gemini and Coinbase) and finance up to 100% of their purchase with no down payment required. Those who qualify can take advantage of low interest rates and a 30-year crypto mortgage up to $5 million.

“Bridging the gap between traditional finance and crypto is one of the most important pieces of the puzzle to make cryptocurrency and blockchain more ubiquitous in our daily lives,” said Miami Mayor Francis Suarez. “With their mortgage product, Milo has already proven that the future of finance will serve to build wealth just like the financial tools of the past.”

Real estate is a critical component to build wealth over time and many crypto consumers have been denied the opportunity and have resorted to riskier ways of generating yield as a result.

“Given the current state of the market, we’re extremely proud that we have not had any margin calls or negative counterparty exposure, all while continuing to originate mortgages,” said Rupena. “As a licensed and regulated entity, we take our responsibility seriously to ensure our clients’ crypto is safe and returned when requested. Milo has added over 20 team members since launch and we look forward to releasing an exciting crypto refinance and non-rehypothecation option shortly.”

During this time, Milo has also provided thousands of borrowers with crypto mortgage pre-qualifications, designed to preemptively let borrowers know how much they can afford. The company’s other mortgage solution for U.S. and foreign nationals has already originated over $100 million in loans and has seen applicants from over 90 countries. Milo is a direct lender that is licensed, audited, insured and can stand behind its commitment to lend to its clients with certainty of closing.

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Spark Real Estate and Side Light up the San Diego Real Estate Scene with a Brilliant Partnership

PRNewswire — Wed, 01 Jul 2020 19:30:35 +0000

Spark Real Estate today announced its partnership with Side, the only real estate brokerage that exclusively partners with high-performing agents, teams, and independent brokerages to transform them into boutique brands and businesses. The alliance will enhance the customer experience for Spark’s clients, thanks to Side’s advanced brokerage platform.

Spark Real Estate is led by top-producing agent David Haghighi, who has a decades-long reputation for getting fast results and steering his clients in the right direction. With a background in marketing and business law, as well as construction expertise, Haghighi believes that real estate is the best way to build wealth and establish a legacy. To date, he’s served more than 250 families in Carlsbad, San Marcos, Escondido, and San Diego.

Partnering with Side will ensure Spark Real Estate remains at the forefront of an evolving real estate market, while allowing its agents to continue delivering premium services to their clients. Spark Real Estate agents are fully supported by a one-of-a-kind premium brokerage platform, which provides transaction management, property marketing, lead generation, business growth opportunities, vendor management, and infrastructure solutions.

“The Spark team is comprised of energetic allies dedicated to helping clients make sound investments that deliver for generations to come,” Haghighi said. “Teaming up with Side to manage and optimize our back-end operations just made sense, because it allows us to use our time to remain laser-focused on servicing clients.”

Side is led by experienced industry professionals and world-class engineers who develop technology designed to improve agent productivity and enhance the client experience. Based on its belief that homeownership is a fundamental human right, Side is on a mission to improve the public good by providing top-performing real estate agents, teams and indie brokerages with the best system, support, service, experience, and results.

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Propertybase Launches Next Generation Real Estate Platform

PRNewswire — Fri, 05 Jun 2020 21:30:28 +0000

With the next generation release of the Propertybase GO real estate platform, brokerages and teams can now pivot their strategy to include simplified software aimed at further enabling agent action and productivity.

Aptly named to reflect its turnkey approach, Propertybase GO puts improved user experiences at the forefront comprising a dynamic dashboard, real estate CRM, website builder, listings management, email marketing, and more.

“We developed the Propertybase GO platform for nearly a year and feel it’s important to bring it to market now because better technology is needed,” stated Tim Fessenden, President of Propertybase. “We took the time to truly understand the challenges that face real estate and given the market conditions set out to deliver a platform that not only helps to increase productivity but creates a sense of community for a brokerage and its agents.”

Ideal for brokerages or teams, the latest Propertybase GO has a number of out-of-the-box offerings to drive long-term adoption:

An action-oriented homepage dashboard that visualizes key information across contact activity, listings, and also active transactions
Embedded brokerage announcements and social media feeds to foster engagement
Simplified navigation and mobile responsive for better user experience
Streamlined database management with lead scoring, quick actions such as SMS, email marketing, and more
Propertybase’s award-winning website builder with industry-best MLS and IDX integration
Integrated with Propertybase Back Office’s compliance-driven transaction management, vendor marketplace, and print marketing

Propertybase GO also features action plans, market trends, seller reports, listings boost capability, and third-party application integrations.

“It’s imperative that technology partners provide the utmost lifelong value. This certainly isn’t the time for stopgap solutions. Propertybase GO not only allows for quick user adoption and connectivity but will ultimately help agents better serve their clients now and in the future,” continued Fessenden.

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Society Real Estate + Development Partners with Side

PRNewswire — Wed, 06 May 2020 15:30:06 +0000

Today, Kofi Nartey, the nation’s leading authority on celebrity and luxury real estate, has announced the official launch of Society Real Estate + Development, in partnership with Side. Backed by Side’s leading brokerage platform, Society is building the top private real estate firm in the market, focusing specifically on celebrity, athletes, and affluent clientele.

Led by Nartey, Society Real Estate + Development specializes in residential real estate, new development, commercial real estate, and investing, with a continued emphasis on the luxury market. The firm prides itself on its roster of agents from all paths of the industry who have over a century of combined experience in luxury, residential, new development and commercial real estate, as well as over $6B in transactional experience. They will offer clients comprehensive, senior level advisory services across their real estate portfolios.

Society has already been well-received in the market, securing investments from prominent figures in the sports and entertainment industries, such as Matt Kemp (Former LA Dodger), Mike Bryan (Professional Tennis Player), Tyga (Rapper/Hip Hop Artist) and Raphael Saadiq (Entrepreneur/Musician).

In his 18 years in luxury real estate, Nartey has managed transactions for an extensive list of celebrities, including Michael Jordan, Kevin Durant, and James Van Der Beek. A national Certified Luxury Home Marketing instructor with the Institute for Luxury Home Marketing (ILHM), Nartey is the only broker contracted with the NFL to consult players on real estate. Prior to launching Society Real Estate + Development, he founded and managed the national Sports & Entertainment Division under The Nartey Group for Compass.

Nartey has received several coveted distinctions including “Top Hollywood Agent” (The Hollywood Reporter); “Showbiz Real Estate Elite” (Variety Magazine); “Beverly Hills Icon” (Modern Luxury Magazine); and “Los Angeles Power Player” (Angeleno Magazine).

“Our partnership with Side is key in unlocking Society’s full potential, giving our agents the time and tools to afford our clients the exceptional care they deserve. We’re thrilled to bring unparalleled value and results to our exclusive celebrity and affluent clientele, who remain the crux of our business,” said Kofi Nartey.

Nartey sees this launch and partnership as an opportunity to meet the broader real estate needs of his clientele and capture the full value of his brand while utilizing Side’s state-of-the-art platform to power operations. This partnership will ensure Society Real Estate + Development remains at the forefront of the luxury market, while allowing its team of high-performing agents and advisors to provide transaction management, property marketing, lead generation, business growth opportunities, vendor management, and infrastructure solutions.

Commenting on the partnership, Guy Gal, Side CEO and Co-founder said, “Kofi has built an incredible team of top level agents taking an innovative and selective approach to luxury real estate for athletes and entertainers. Side is thrilled to be partnering with Kofi and his team, and we’re excited to help them continue to grow.”

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Financial Times Names Homesnap Among The Americas’ Fastest-Growing Companies For 2020

PRNewswire — Thu, 09 Apr 2020 21:30:50 +0000

Homesnap, the leading provider of technology solutions to the real estate industry, today announced that it has ranked No. 33 on the 2020 list of The Americas’ Fastest-Growing Companies by the Financial Times.

The inaugural Financial Times – The Americas’ Fastest Growing Companies list, developed in partnership with Statista, is a result of months of intensive database research focusing on innovation, creativity and expansion. The Financial Times and Statista identified tens of thousands of companies in the Americas as potential candidates. Companies were judged on their compound annual growth rate (CAGR) between 2015 and 2018 and in the end, only 500 were identified among the millions of existing North and South American enterprises. The technology sector, in which Homesnap is classified, accounts for approximately a quarter of the overall list.

“Our continued growth demonstrates how Homesnap has built one of the most innovative platforms in real estate. Agents need mobile technology to grow and run their business from anywhere – especially in the current environment,” said John Mazur, Homesnap CEO. “Today, we provide our platform to over one million agents and brokers, and the success we’ve achieved only motivates us to work harder and keep innovating.”

Homesnap has been named to this list because of its three-year explosive growth rate of 2907.2% and its expansion into 200+ markets across the country. The Financial Times reported Homesnap’s CAGR to be 211%. Companies must have a minimum of 18.2% CAGR to be included in the ranking.

“Our growth trajectory is a testament to the entire Homesnap team and the work we do every day. This recognition comes at a time of tremendous advancement in revenue and customer satisfaction for Homesnap and I am extremely proud of the achievements this award represents,” said Steve Barnes, Homesnap President & Co-Founder.

Being named to the 2020 Financial Times – The Americas’ Fastest Growing Companies List is only the latest accolade earned by Homesnap. Recently, Homesnap was named to the Forbes 2020 List of America’s Best Startup Employers, the HousingWire 2020 TECH100 list and was also named to the 2020 Inc. 5000 Series of DC Metro’s Fastest Growing Companies, ranking No. 16 overall and No. 2 in the real estate category.

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Realogy Named to Forbes 2020 Best Employers for Diversity List

PRNewswire — Thu, 23 Jan 2020 07:30:12 +0000

Realogy (NYSE: RLGY), the leading and most integrated provider of residential real estate services in the United States, has been named by Forbes as one of America’s Best Employers for Diversity. The recognition spotlights 500 companies across two dozen industries that demonstrate a strong commitment to diversity and inclusion.

To create the ranking, Forbes and market research company Statista anonymously surveyed more than 60,000 employees working for organizations with at least 1,000 people. The study considered a variety of diversity dimensions, including gender, ethnicity, age, LGBTQ+ and disability, as well as an index of objective and publicly available KPIs, such as percentage of women among top executives and the board of directors—an area in which Realogy stands out.

“This honor is really a testament to Realogy’s employees—both the outstanding talent we have in our company and the great environment they’ve created,” said Ryan Schneider, Realogy’s chief executive officer and president. “Diversity is core to the success of our business, as well as to the success of our affiliated agents and franchisees, so it is critically important that we lead by example and show all employees, affiliated agents, owners and customers that we welcome, respect and value them.” fintech news

“We take great pride in being recognized for our commitment to diversity and for fostering a culture of inclusion,” said Sunita Holzer, Chief Human Resources Officer, Realogy. “An inclusive environment helps us attract and promote the best people, deliver innovation and, ultimately, grow our business by better serving the needs of our diverse employees, affiliated agents, owners and the market. This is evidenced by our predominantly female employee base and significant number of diverse women in leadership roles.”

Realogy cultivates a workplace of inclusion and respect through a holistic approach that focuses on people, market and industry framework, partnerships and suppliers. Examples and accolades include:

First residential real estate company to endorse the Equality Act and fully support H.R. 1447 amending the Fair Housing Act to include LGBTQ+ as protected classes
Certified as a Great Place to Work for the last two consecutive years
Honored repeatedly for gender diversity on the Board of Directors by Executive Women of New Jersey (EWNJ) and the Women’s Forum of New York
Offering transgender health benefits to employees and their partners
Strong support for and involvement in real estate associations that promote diversity and inclusion, including the National Association of Hispanic Real Estate Professionals (NAHREP), National Association of Gay and Lesbian Real Estate Professionals (NAGLREP), National Association of Real Estate Brokers (NAREB), and the Asian Real Estate Association of America (AREAA)
Highest ranked residential real estate company on the Human Rights Campaign’s Corporate Equality Index
Realogy Diversity & Inclusion Council and Employee Resource Groups that drive diversity and inclusion programs across the enterprise

Read more about the company’s approach to diversity and inclusion in Realogy’s Corporate Social Responsibility Report

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