Last week, we shared a refreshing take on how we can innovate and accelerate the local affordable housing ecosystems across the country via the Equibuild Strategy. ❓ What are the pillars of this strategy, as coined by Aaron Laramore? 👭 Equitable Investment Financing 🏡 Affordability by Design 💲 Income-Inclusive Housing Focus As we head to Atlanta today for the National Council of State Housing Agencies (NCSHA) Credit Connect conference, we are excited to keep this conversation going with our partners—HFAs, developers, local governments, policymakers, and other industry stakeholders—who want to keep pushing the needle in innovative ways to tackle the national housing crisis. If you are at the conference, catch Kanan Ajmera and Kevin Lewis on the panels on data-driven outcomes for QAP optimization and minimizing capital risks. We also have a booth at the conference, so come find our team and say hello to Sofia Azham, Olivia Lee, and Jake Lieberman. https://lnkd.in/ezbMKCPS
Builders Patch
Real Estate
New York, NY 750 followers
Finance software for multifamily housing: deal management, underwriting, due diligence, analytics, and more
About us
There is an urgent need to finance 20 million new units of affordable housing in the United States, this decade. Historic data indicates that without significant disruption of the financing and construction industry, we will fall woefully short. Currently the process to underwrite and finance new multifamily housing loans is incredibly archaic, fragmented and lacks industry standard tools and digital innovation. It takes upwards of 4 months to apply for and underwrite/close each loan. We are changing this status quo. Builders Patch, a ventured backed startup, is revolutionizing housing finance. The Builders Patch platform digitizes and automates the loan intake to closing process, and provides AI driven insights and analytics to bring accuracy, speed and transparency to the closing process. Ultimately we are accelerating the rate at which housing units are built. One of the largest housing agencies in the country is our customer, and we are rapidly creating a robust ecosystem for lenders, developers, syndicators and CDFIs. We are rapidly growing to add new lenders and housing developers to the platform and seeking to create a connected ecosystem of affordable housing finance. We want to change how housing is built, and create stronger communities, by leveraging technology to disrupt one of the most siloed industries in the world. We are passionate about what we do. If you are looking to bring your solutions to entrenched, important problems, come chat with us.
- Website
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http://www.builderspatch.com
External link for Builders Patch
- Industry
- Real Estate
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2017
- Specialties
- Fintech, Proptech, Construction Loans, and Loan Management
Locations
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Primary
Get directions
New York, NY 10549, US
Employees at Builders Patch
Updates
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📢 "Don't let the noise distract you from the opportunities." Our founder, Kanan Ajmera spoke today at the U.S. Housing & Community Development Conference & Expo in Texas, on what opportunities AI innovation presents for the housing industry and how we should be embracing it. Next up, we will be at the National Council of State Housing Agencies (NCSHA) Credit Connect in Atlanta on June 10th. If you would like us to attend a conference near you, drop us a line!
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📢 Builders Patch has been curating top industry news that you'll want to read. Check out our latest newsletter digest and subscribe to keep up with the latest news about #affordablehousing, #multifamilyhousing, #proptech, and more.
Builders Patch Digest #2
Builders Patch on LinkedIn
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It was a pleasure to be invited by Sherif Abouzied to The Jersey City Summit by roundtable&advisory event today. The Affordable Housing Panel was particularly stimulating, as we heard from diverse experts. 💡 Our big takeaway: Jersey City is showcasing a progressive approach to development, granting developers the flexibility to finance projects through various models, including private equity. This strategy has fostered the creation of 'attainable housing', a shift from solely focusing on 'affordable housing', highlighting more feasible and inclusive housing solutions to tackle the supply crisis. By supporting diverse financing options, Jersey City effectively promotes innovative development practices, enhancing the accessibility and quality of housing for a broader demographic. Thanks to the following experts for the fantastic discussion: Meredith Marshall of BRP Companies, David Ginsberg of WinnCompanies, Melanie Walter from New Jersey Housing and Mortgage Finance Agency, Nicholas Cangelosi from The Michaels Organization, and City Council President Joyce Watterman. Builders Patch is thrilled to be a dedicated partner for the affordable housing ecosystem in Jersey, helping lenders and developers streamline the financing process.
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📢 Builders Patch has been curating top industry news that you'll want to read. Check out our brand-new newsletter and subscribe to keep up with the latest news about affordable housing, multifamily housing, proptech and more.
Builders Patch Digest #1
Builders Patch on LinkedIn
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🤔 Affordable Housing Finance Meets Artificial Intelligence - What’s Next For Our Industry? We are excited to announce that our CEO, Kanan Ajmera, has been invited to moderate this special session at the U.S. Housing & Community Development Conference & Expo in Dallas, Texas, on May 30th! Join us as we delve into pivotal discussions around technology, shaping the future of housing and community development. Register here: https://lnkd.in/dErZ555f! #CommunityDevelopment #HousingConference #AffordableHousing #AI
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Thank you for the shout-out, Aaron Laramore. Your passion for change inspires us. We are very excited to continue championing equitable financing tools for affordable housing. 💪
Had an excellent conversation yesterday with Sofia Azham and Sumedha B. of Builders Patch, a really interesting SAAS company that's out to modernize the way we finance and build housing. We need disruptive technology intervention to help modernize the creation of affordable housing. Builders Patch looks like a player.
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We are excited to see State governments at the forefront of tackling the affordable housing crisis. We need more States to join in and move the needle on supply of affordable housing in our communities! 🚀
"Over the last five years, Republican and Democratic legislators and governors in a slew of states have looked to update zoning codes, transform residential planning processes, and improve home-building and design requirements. Some states that have stepped up include Oregon, Florida, Montana, and California, as well as states like Utah and Washington. This year, Maryland, New York, and New Jersey passed state-level housing legislation, and Colorado may soon follow suit." Good summary of the kinds of actions states are taking and why not all of them will move the needle.
After decades of inaction, states are finally stepping up on housing
vox.com
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Builders Patch is making new strides and getting noticed for what we do best!
We are hiring! Please reach out if you want to be part of a fantastic early-stage startup.
We are changing how multifamily housing finance is underwritten and managed. Builders Patch is providing solutions to unclog the top-of-funnel needed to build more housing nationwide and provide a consistent, data-driven approach to underwriting capital for multifamily housing. Builders Patch uses cutting-edge generative AI and other functions to automate the workflow. We were recognized as one of the 25 innovative companies in this space. It is undoubtedly fun to be included with the heavy weights! https://lnkd.in/gZ4-9vDU
The Top 25 Real Estate Technology Companies of 2024
https://thefinancialtechnologyreport.com
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🏆 We are one of FT's top 25 Real Estate Technology Companies of 2024 🏆 It is an honor to be recognized in The Financial Technology Report as one of the top technology companies in real estate. We have been recognized for our standout online cloud-based platform, that digitizes and automates the loan intake to closing process for multifamily housing deals, accelerating the rate at which affordable housing units are built while providing AI-driven insights and analytics. We are thrilled to be recognized among industry innovators like Poplar Homes, AppFolio, Zillow, RealPage, Inc., and others, all of whom are shaping the future of real estate tech. Kudos to our dedicated team for their relentless commitment to revolutionizing the industry. You can check out the full list below. https://lnkd.in/gMbHGYsX #RealEstate #TechInnovation #BuildersPatch"
The Top 25 Real Estate Technology Companies of 2024
https://thefinancialtechnologyreport.com