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NEW YORK CITY – Built, a construction finance technologyplatform, is taking aim at the pain points in construction lending,continually adding features to help streamline the process. Toaccomplish this goal the firm has brought on commercial lenderexecutive Jim Fraser to help with the task.
Fraser, who was an early adopter of Built while at Banc ofCalifornia, tells GlobeSt.com that staying digital in theconstruction lending process from start to finish is the firstprincipal at the firm and says construction lenders suffer frominadequate processing and lack of loan administration solutions.This results in poor customer experience and frustrated employeespushing paper and PDF files via email back and forth. "Built hasdigitized this cumbersome process and is continually addingfeatures to help streamline construction lending," hesaid.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
