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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

RealtyMogul Sells Machine Learning and Artificial Intelligence Loan Underwriting Tool to Hunt Real Estate Capital

February 25, 2019

LOS ANGELES--(BUSINESS WIRE)--Feb 25, 2019--RealtyMogul announced today that it has sold a machine learning and artificial intelligence loan underwriting tool to Hunt Real Estate Capital, who plans to deploy the tool across its commercial real estate lending business.

RealtyMogul, known for their real estate crowdfunding platform www.realtymogul.com, was founded six years ago and has invested in over $2 billion of real estate, returning over $100 million to investors to date. The software was built as part of their research and development lab.

“We have always prided ourselves on building cutting-edge technology at RealtyMogul. We believe machine learning and artificial intelligence is changing the way we invest by removing human bias. We learn an incredible amount about what markets and specific properties to invest in because of our technology. We are thrilled Hunt is going to deploy it to an even larger piece of the commercial real estate market,” said Jilliene Helman, RealtyMogul’s CEO.

Financial terms of the deal were not disclosed.

ABOUT REALTYMOGUL

RealtyMogul is a commercial real estate private markets investing platform that provides discerning investors exclusive access to thoroughly vetted opportunities, rigorous underwriting, and high-touch customer service through licensed investment professionals. RealtyMogul strives to build wealth through sound principles and data insights, serving real people who want a smart alternative investing strategy.

RealtyMogul offers capital financing opportunities to qualified real estate companies, and through rigorous vetting is able to hand-select opportunities for discerning investors. RealtyMogul offers securities through North Capital Private Securities Corporation, member  FINRA / SIPC.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005811/en/

CONTACT: RealtyMogul

Jonathan Mo

Marketing Manager

424-276-1152

jonathan.mo@realtymogul.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: RealtyMogul

Copyright Business Wire 2019.

PUB: 02/25/2019 01:00 PM/DISC: 02/25/2019 01:01 PM

http://www.businesswire.com/news/home/20190225005811/en