Berkeley Point Joins redIQ Client Roster

Vermes: “Our plan has always been to expand into other segments of the industry.”

NEW YORK CITY—Berkeley Point Capital has become the first lender to join the client base of redIQ, the multifamily data analysis provider said Friday. The firm, which was founded as ResiModel and recently rebranded, already has amassed a client base that includes deal teams at some of the industry’s leading brokerage firms and at eight of the top 50 multifamily investors.

“While we initially gained significant traction among both multifamily acquisitions and investment sales teams, our plan has always been to expand into other segments of the industry that receive and analyze property operating data from outside parties,” says Elliot Vermes, CEO of New York City-based redIQ. “In recent months, the platform has been adopted by a number of prominent real estate appraisers.