CRE financing broker StackSource, which was acquired earlier this year by real estate advisory firm Max Benjamin Partners, pulled an unusual move by getting out of the brokerage business and instead becoming a software as a service, or SaaS, platform "to provide CRE brokers and borrowers with relevant lending and investment data," according to a press release.

"StackSource has data on over 3,500+ relevant lenders and investors," they wrote. "It will be the only SaaS platform to exclusively work with approved brokers and advisors while providing investors with relevant lending and investment data. StackSource will have a firm vetting process to ensure lenders are receiving highly vetted deals from quality brokers and sponsors. StackSource's SaaS beta test will be launching at end of July 2024."

"We are confident that this transition to a SaaS platform will significantly enhance the financing process for brokers, lenders, and borrowers, offering them greater efficiency, transparency, and reliability," said Max Mellman, StackSource's new chief executive officer, in prepared remarks.