Dealt creates new financial marketplace

As Head of Real Assets for 360 Capital Group, Storey brings extensive experience in establishing deals and investing in real estate debt and equity.

He said this helped build the platform from his experience as a lender, investor and borrower.

The cloud-based matches borrowers with lenders on the platform in accordance with lenders’ appetites, preferences and lending policies.

Allow borrowers and lenders to do the traditional broker “dance” online.

While there are already well-established lending platforms for homes and small businesses, the commercial real estate lending market remains a relatively underserved area, Storey said.

“While the platform may not be appropriate for larger or multi-stage projects, we’ve had great success on projects seeking less than $30 million, primarily site acquisition and construction financing,” he said.

“We’ve been approached by a few groups on the equity front, so we’re looking at adding preferred capital and mezzanine to become a one-stop-shop for development capital.”

Launched with seed capital, the platform has now secured investments from 360 Capital Group and US software developer Talos, LLC.

This has enabled deald to forge strategic partnerships with a major property listing site and sees many opportunities to work with local real estate agents who are in the process of building a cloud-based development feasibility engine to build on one software with Estate Master compete as a service base.

“We are in discussions with a major volumetric design platform on integration and other proptech platforms to continue to grow and develop a real estate development ecosystem,” Storey said.

“We have a partner in New Zealand and are looking at transferring deals to other jurisdictions.”

Treated has over 700 registered borrower and brokerage accounts and a panel of over 70 Australian qualified non-bank lenders.

It expects to double the number of lenders in the coming months as it expands supply to offshore lenders due to rising demand.

“It’s great to finally be able to offer the commercial real estate finance industry an innovative fintech solution that connects and serves brokers, borrowers and lenders across the sector,” said Storey.

Click here Attend a Tutorial Webinar on Applying Development Finance on March 29, 2021 from 11:00am to 11:30am AEDT.

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