SeeCares Eclipses $1.2 Billion in Commercial Real Estate Transactions with New AI-backed Underwriting Platform

NEW YORK, 17th August 2021 / PRNewswire / – SeeCares (or the “Company”), the world’s leading AI technology platform for streamlining commercial real estate workflows, announced today that the company has closed $ 1.2 billion in transactions since the platform was first launched in April 2021. These transactions were all conducted in the United States and covered all property classes. SeeCares technology responds to the industry’s call for solutions to reduce the time and cost of real estate underwriting.

The SeeCares platform uses advanced technology to completely automate the processes of modeling and generating data-rich reports, both traditionally done in spreadsheets or word processors, taking weeks to complete. By bringing all relevant information together in one place, SeeCares helps real estate companies focus on clear and quick decisions while reducing costs by almost 80%.

“This incredible milestone is testament to the power of SeeCares’ technology and underscores the significant demand for solutions that improve the efficiency of the underwriting process,” said Moshe yeli, Co-Founder and CEO of SeeCares. “Leveraging the capabilities of AI and automation, high quality models and comprehensive reports can be created in a fraction of the time and at a fraction of the cost. In an industry where over 60% of underwriters still rely on heavily outdated methodology, this value proposition has been hugely popular, resulting in numerous key partnerships that have been a key driver for us over the past 12 months. “

Based on the current deal flow and other growth indicators, SeeCares expects to close about $ 5 billion of transactions on its platform until the end of 2021.

Dror Yaffe, Co-Founder and CTO of SeeCares added, “We are incredibly grateful to all of the lenders and partners who have shared their models and IPs with us, and trust SeeCares technology to help them create personalized models and detailed memoranda. the vote of confidence from Danny Fishman (Gaia RE), Yair Tilson (Kay Finance), Itzik Nahum (Prizma Capital) and all of our CRE credit partners was vital. We hope to soon multiply the number of deals SeeCares is processing for its lenders and borrowers. “

SeeCares was founded in 2019 and is headquartered in Tel Aviv, Israel. For more information on SeeCares, please visit www.SeeCares.com.

ABOUT SEECARES

SeeCares was founded in 2019 and is an AI platform that accelerates workflows in commercial real estate by avoiding tedious work and increasing efficiency. The tool helps lenders and stakeholders close deals quickly and securely by creating detailed personalized underwriting models and reports or OMs in seconds. Headquarters in Tel Aviv, SeeCares reduces the time and cost of underwriting and origination by 80%, creating an additional level of accuracy in the entire process. More information is available at www.SeeCares.com.

COMPANY CONTACT
Evan Chesir
Head of Business Development and Marketing, SeeCares
[email protected]

MEDIA CONTACT
Jake Malcynsky
Gaffney Bennett PR
[email protected]

SOURCE SeeCares

related links

http://www.SeeCares.com