In a bid to address the growing needs of commercial real estate agents to streamline the sales process, the finance brokerage services firm has unveiled new features on its recently launched digital platform.
In October, Stamford Capital introduced a new digital platform called comr8, a free-to-use online fintech marketplace that allows buyers to compare interest rates across the commercial real estate market.
The platform was designed to simplify the commercial property finance process for commercial real estate (CRE) buyers by providing borrowers with analysis and comparison of loans from across the commercial property lending market.
In its latest push in the digitalisation of the CRE market, Stamford capital announced it has expanded the platform’s services with the introduction of comr8 for agents, which the firm claims will optimise sale transactions for CRE agents.
Joint managing director of Stamford Capital Michael Hynes explained that the new features were tailored to make the platform “the finance arm of commercial real estate agent”.
“We created the new comr8 for agents platform in direct response to the demand from commercial real estate agents – they are increasingly asking us for assistance, with finance often an impediment to their sale process,” he stated.
“With a comprehensive knowledge of agency and sales fundamentals, we have been able to incorporate features into comr8 that streamline and enhance the sales process.”
According to the firm, comr8 for agents provides property-specific finance insights, including interest rates and leverage metrics, which are aimed to arm agents with critical finance data on-demand, which in turn will aid them in marketing their listings.
Stamford Capital also revealed that CRE agents could generate customised finance flyers to promote their listings “within minutes” on the platform.
Another new feature of comr8’s tech is its ability to discern different finance criteria across a range of sub-sectors of the commercial property market.
Additionally, agents can now refer clients needing finance through the portal and earn a commission, delivering them with a revenue stream.
Joint managing director of Stamford Capital Domenic Lo Surdo stated that with these new digital capabilities, comr8 would financially empower commercial real estate agents.
“The access to critical finance data on-demand and the ability to generate marketing material on-the-go is simply a game-changer. Agents can use the tool to run buyers through different financial scenarios at inspections, with the confidence that it is the latest data and help empower buyers in decision making,” he stated.
The new features come on the heels of comr8’s reported success among investors. Stamford Capital reported that CRE investors now represent more than 50 per cent of the platform’s users to date.
Data also showed CRE developers have been among the platform’s early adopters, representing 43 per cent of comr8’s users to date. Only 6 per cent of the identified users have been identified as owner-occupiers.
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