Under the agreement, LA-based PropertyFirst will provide detailed commercial real estate information and services to lenders and other customers of North Carolina-based MortgageRamp. In turn, property buyers and brokers who use PropertyFirst will be able to search for financing and arrange their loan through an integrated technology platform, assisted by MortgageRamp's staff.
PropertyFirst says its current inventory of for-sale listings tops $36 billion, sourced from firms that include CB Richard Ellis, Cushman & Wakefield, Jones Lang LaSalle and Transwestern Commercial Services. Its for-sale listings service was launched last September.
MortgageRamp launched in April. A company officials says it has closed 30 loans and has another 70 in the pipeline, for a total of $200 million.
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