CommLoan has built a marketplace platform (CUPID™) that sorts through hundreds of lenders and thousands of loan products to match commercial mortgage borrowers with appropriate financing. The company combines state-of-the-art technology with in-house loan processing and underwriting to provide end-to-end, concierge-style service. CommLoan provides loans directly and also distributes through partnerships with commercial real estate brokerage and mortgage brokerage firms. The platform is designed to present pre-processed loan packages underwritten to lender guidelines, improving efficiency for lenders and borrowers. Management says the product improves access to lenders and loan programs and aims to streamline the commercial real estate lending process. The company intends to use new financing to secure business development resources, accelerate sales, and strengthen its leadership position in the marketplace.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2016