Using cutting edge technology to bring CRE financing into the 21st Century with Tim Milazzo

2021-08-03

Join Vince as he chats with Tim Milazzo about technology integration to Commercial Real Estate Financing. Tim is the co-founder and CEO of StackSource, a company that brings modern technology to CRE Financing. Combining his background in advertising technology with his family’s history in real estate birthed the company. Today, Tim shares how this advancement in technology has made the current system efficient. There’s a lot to unpack, so stay tuned and enjoy the episode! Do More with Tec...

Do More with Technology

Among the problems faced by real estate investors and other players in the industry is the lack of transparency in financing. Knowing what commercial loans are available is a mystery that can only be solved by calling the right guy. Seeing the opportunity that technology can solve, Tim built StackSource to establish transparency in the process of finding lenders. Its efficiency is far better than manual work as the platform can tailor multiple matched lenders with a click of a button. StackSource works with investors because they look for the best financing, lower interest rates, higher leverage, lighter prepay, less recourse, among others. It is a faster way to look for deals that have the best value for their money.

How does it work? Deals come to StackSource in two ways: getting introduced to a capital advisor or discovering it online. The majority of people find the platform online, so Tim and his team are optimizing the website to be seen from various sources. Once accessed, their web platform asks some questions so results can be tailored according to preference. By the end of the questionnaire, lenders are matched based on location, size, deal metrics, and others from the 79-item criteria. StackSource also uses the information to generate a lender package vetted, approved, and tweaked by a capital advisor. The efficiency and transparency are there as the platform provides multiple deals that are accurate and from reliable sources.

About Tim Milazzo:

Tim is the co-founder & CEO of StackSource. He identified the market opportunity for a tech-enabled commercial real estate financing platform, recruited Nathan as a co-founder, and built the company. Prior to StackSource, Tim worked for tech giants Facebook and Google, where he helped expand B2B marketplaces in ad tech. Years ago, he interned at a top NYC real estate company before the current real estate tech wave. He comes from a family with a history in real estate.

Outline of the episode:

· [03:17] The right time for somebody doing CRE to engage StackSource

· [12:20] How StackSource is different from other competitors

· [16:15] Current market situation in terms of lending at the time of COVID

· [21:14] StackSource’s niche and sweet spot when it comes to deal sizes

· [25:51] What specialty StackSource plays in the capital stack

· [29:04] Ways to cope up from low-interest rates and long-term debts

· [35:06] New features in the works for the StackSource platform

· [37:36] Book recommendations and other questions for Fire Round

Resources:

· Website

· LinkedIn