There is an urgent need to finance 20 million new units of affordable housing in the United States, this decade. Historic data indicates that without significant disruption of the financing and construction industry, we will fall woefully short. Currently the process to underwrite and finance new multifamily housing loans is incredibly archaic, fragmented and lacks industry standard tools and digital innovation. It takes upwards of 4 months to apply for and underwrite/close each loan. We are changing this status quo.
Builders Patch, a ventured backed startup, is revolutionizing housing finance. The Builders Patch platform digitizes and automates the loan intake to closing process, and provides AI driven insights and analytics to bring accuracy, speed and transparency to the closing process. Ultimately we are accelerating the rate at which housing units are built.
One of the largest housing agencies in the country is our customer, and we are rapidly creating a robust ecosystem for lenders, developers, syndicators and CDFIs. We are rapidly growing to add new lenders and housing developers to the platform and seeking to create a connected ecosystem of affordable housing finance.
We want to change how housing is built, and create stronger communities, by leveraging technology to disrupt one of the most siloed industries in the world. We are passionate about what we do. If you are looking to bring your solutions to entrenched, important problems, come chat with us.
