The company, which uses AI to reduce the time and cost of real estate underwriting, is well on its way to closing over $ 5 billion in transactions by the end of 2021
NEW YORK- SeeCares, the world’s leading AI technology platform for optimizing commercial real estate workflows, announced today that the company has closed over $ 1.2 billion in transactions since the platform launched in April 2021. These transactions were all carried out in the United States and covered all of them. 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 great 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 at a fraction of the cost. In an industry where over 60% of underwriters still rely on heavily outdated methodology, this value proposition has met with tremendous resonance, resulting in numerous key partnerships that have been a key driver for us over the past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 over $ 5 billion in transactions on its platform by 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 shared their models and IPs with us and trusted SeeCares technology to help them create personalized models and in-depth memoranda. In particular, the vote of confidence from Danny Fishman (Gaia RE), Yair Tilson (Kay Finance), Itzik Nahum (Prizma Capital) and all of our CRE loan partners was vital. We hope to soon multiply the number of deals SeeCares processes for its lenders and borrowers. “
SeeCares was founded in 2019 and is headquartered in Tel Aviv, Israel.
– Advertising –