An AI-Based Real Estate Lending Platform for Dubai’s Financial Institutionsby Fintechnews Middle East 6. October 2020
Dubai-based Global Property Finance, provider of real estate financing solutions, aims to launch its cloud-based lending platform based on AI for financial institutions.
The platform will purportedly simplify the borrowing experience.
GPF looks to use AI for borrowers and lenders matchmaking, for quicker turn-around time for both parties. For borrowers, they can apply for financing through their desktop, tablet or mobile device. They can communicate in real-time, stay up-to-date on the status of their loan and receive gentle reminders when outstanding tasks need to be completed.
For lenders, GPF will aim to provide in-house underwritten deals and a low cost of origination. GPF claims that lenders will be able to close more deals on a monthly basis and increase their efficiency as it analyses the deals before presenting it to them.
“GPF wants to create the Alibaba of commercial real estate financing, where borrowers will be able to raise capital for their global assets from one platform, fast and efficiently. GPF is building the largest network of lenders with a keen emphasis on digital lending. The platform helps to raise full capital stack including senior and junior debt, private and preferred equity, and financing through joint ventures.”
said Chirag Goyal, Founder and CEO of GPF.
Featured image credit: Edited from Unsplash