LOS ANGELES—The largest initial public offering of any California company in 2014, Lending Club's $865-million stock market debut earlier this month gave it a valuation of $8.5 billion, putting it ahead of all but 14 US banks. At the moment, such a bullish entrance for an online lender could occur only in the consumer segment, but Realty Mogul's Jillene Helman thinks commercial real estate is up next.
The key ingredient in online lending's secret sauce is big data, and the Realty Mogul CEO tells GlobeSt.com the speed and flexibility that automated technology provide make it especially apt for this sector. Helman, whose Los Angeles-based company recently signed a $73-million deal with Direct Lending Investments in which the hedge fund will exclusively provide loans to fix-and-flippers through the platform, recently sat down with GlobeSt.com to chart the advantages online lenders can offer compared to traditional banks.
GlobeSt.com: What makes commercial real estate a prime area for a more automated approach as far as lending is concerned?
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
