SACRAMENTO, Calif.--(BUSINESS WIRE)--eScreenLogic, a leading provider of commercial real estate due diligence services, is expanding its Platform-as-a-Service (PaaS) technology as a part of its growth, and has rebranded to become CREtelligent™. The company’s platform provides professional insights to empower lenders and corporate real estate professionals to make strategic decisions with instant access to and interpretation of environmental, valuation, and other relevant due diligence data on properties.
New Brand, New Investment
The rebrand comes on the heels of CREtelligent’s most recent growth capital tranche led by Moneta Ventures. The new name and brand identity reflect the company’s vision for the modernization of CRE due diligence processes with a transformational approach to delivering unbiased, insightful, data-driven solutions that optimize costs and time.
“We’re excited to unveil our new name, CREtelligent, as it reflects the exceptional growth, quality, turnaround times, and world-class customer experience that we offer to our customers in the commercial real estate ecosystem. Our PaaS solution expedites transactions by providing accurate, intelligent, and ultra-fast environmental and related due diligence insights and data, while simultaneously providing customers with environmental engineering experts across the country at their fingertips,” said Anthony Romano, CEO, CREtelligent. “This has been a challenging year for the CRE market as a whole. We’ve worked really hard to serve our clients and have nearly doubled our customer base in 2020. I believe that really speaks to the demand for our solutions. Our vision and commitment is to transform this time-intensive, and inefficient process, enabling commercial real estate professionals to look at more options, make more informed decisions, and do it more quickly.”
The additional funds will serve to help the company rapidly scale its suite of services, including CRE valuation, portfolio monitoring, flood zone determination services, property and micro-market insights and expand its workforce of environmental, operational, and customer success professionals.
CREtelligent offers a wide range of innovative end-to-end solutions, enhanced environmental due diligence data for the lenders, non-bank lenders, and corporate CRE professionals like retail, insurances, legal, telecom, construction, REITS, government & municipalities, and banking industries. The company CREtelligent also provides an SBA approved environmental due diligence solution.
CREtelligent executive leadership, Romano and Chris Barry, Chief Revenue Officer, have extensive experience in the real estate industry as key leaders at CoreLogic and First American. Over the past two years, they have turned their focus to the CRE segment, bringing transformational technology and insights to the dynamics and inefficiencies inherent to commercial real estate due diligence.
“There’s a tremendous opportunity to advance CRE due diligence. Not only have we created a platform that provides instantaneous access to the environmental conditions of a property, but also our company has a strong nationwide network of site inspection experts and an in-house team of environmental engineers that can help our customers get the insights they need – all to solve problems and make decisions faster,” states Romano. “CREtelligent is where the hospitality approach to service meets technology. Yes, we have a world-class platform to deliver many of our services, but this is combined with our extraordinary Client Success Team providing a white glove and concierge-like client experience.”
CREtelligent’s Platform, Radius
CREtelligent is powered by the Radius platform that aggregates local, state, and national property databases to streamline the evaluation of the environmental condition of a commercial property through a proprietary interface that creates a visualization of the data. The user can instantly gain insight into a CRE property with EnviroPreScreens on the property, the environmental pre-screen evaluation tool.
“2020 has been a tumultuous year, CREtelligent’s platform has proven its value in these unprecedented circumstances,” continued Romano. “Most importantly, our clients have access to several services for commercial loan transactions that require due diligence pre-screening and prequalification, underwriting, and risk management. Now they don’t have to go to different companies to get these reports; CREtelligent provides access to a comprehensive package of all the solutions that are available in a matter of minutes, saving tens of thousands of dollars and, even more important, shortening transaction and decision-making cycle timelines.”
CREtelligent, founded in 2014, is a comprehensive commercial real estate (CRE) due diligence company that provides access to environmental, valuation, inspection, and flood zone determination, including pre-screens, conventional & SBA RSRA desktop reports, environmental transaction screens, Phase I Environmental Site Assessments, Phase II Investigations, and PCAs to detect environmental conditions that can create potential collateral risk. CREtelligent is powered by the Radius platform that provides access to environmental, valuation, inspection, and flood zone due diligence reporting and pre-screens. It also aggregates local, state, and national property databases to streamline the evaluation of the environmental condition of a commercial property through a proprietary interface that creates a visualization of the data. CREtelligent offers a wide range of innovative end-to-end solutions, enhanced environmental due diligence data to the lenders, non-bank lenders, and corporate CRE professionals like retail, insurances, legal, telecom, construction, REITS, government & municipalities, and banking industries.
The company is headquartered in Sacramento, California. Please visit www. https://www.cretelligent.com/ for more information.