Eran Baram, COO of Cloudscraper, explains how this all-in-one exchange platform streamlines commercial property asset management.
Name of product | Cloudscraper Exchange
Price | £95 per user per month
Target | All stakeholders in commercial property: investment managers, real estate investment trusts, asset managers, developers, banks and other lenders, insurance companies, pension funds, transaction advisors, law firms.
Challenge | The commercial property industry has been known to suffer from inaccurate sourcing, data quality problems, extremely long processes and a low level of data security. Low availability of accurate and current market intelligence and traditional communication channels creates deep pockets of inefficiency and confines an otherwise global industry by the borders of local knowledge.
Solution | We wanted to create a unified trading and communications platform for all stakeholders in the commercial real estate industry.
The Cloudscraper Exchange is reportedly the world’s only commercial real estate exchange. Linking trading opportunities, stakeholders, their advisors, equity and debt capital into an independent and unified networked data ecosystem facilitates the buying, selling and financing of commercial real estate.
Users can search, research, contact and communicate with peers via desktop and mobile applications. Cloudscraper’s Assets Library serves as a central hub for all portfolio data, to aid asset-based activities such as refinancing, sharing data with internal and external teams, and sales processes.
Results | Cloudscraper standardises existing deal flow processes to allow organisations to buy, sell and finance through the platform with maximised efficiency and transparency. Lenders could even syndicate financing deals as well as managing the entire financing process on one unified system.
Addressing the industry’s biggest pain points and bringing participants together on a secure and frictionless exchange, commercial real estate transactions lead-time can do down from average of 30 weeks today to as little as 2 weeks through Cloudscraper.
Every participant in the commercial real estate industry can realise great value within the Cloudscraper ecosystem. The Exchange allows investors to source single assets, portfolios, secondaries and joint venture opportunities, and structure financing options with lenders, including equity, senior debt and mezzanine. Lenders can originate loans and syndicate. Advisors get a new distribution channel and easy access to capital markets, while lawyers and other professional service providers can also use the Exchange to support client transactions and reduce friction.
Cloudscraper is on target to reach $1tn of represented institutional real estate assets by 2020.
Clients | Our users are major organisations such as Helaba, Commerzbank, ING, PwC, LaSalle, Allen Overy, AIG, Prologic.