What is Built?
Built is a comprehensive AI-powered platform designed to transform real estate finance and construction management. It offers a suite of products including Construction Loan Administration, Deal Management, Construction Financials, and Lien Waiver Management and Payments. The platform leverages AI to automate draw management, provide real-time portfolio insights, and streamline workflows such as budget management, capital requests, invoice management, and compliance tracking. Built enables faster funding, reduces administrative work, and enhances collaboration across all stakeholders.
The platform serves a wide range of users including banks, private credit firms, owners, developers, and general contractors. With capabilities like AI-powered efficiency, seamless integrations, digital payments, and robust reporting and analytics, Built helps users make informed decisions quickly. Over 340 lenders and 78,000 owners and contractors rely on Built to manage over $300 billion in capital, achieving 85% faster funding and 98% faster insights.
Features
- AI Draw Agent: Automates draw management to increase capacity, enforce policy compliance, and accelerate funding.
- OM Extraction: Automatically converts unstructured Offering Memorandums into structured deal data.
- Lien Waiver Management: Streamlines creation, sending, tracking, and management of lien waivers.
- Digital Payments: Facilitates secure payments to trade partners directly within the platform.
- Portfolio Reporting: Simplifies and speeds up portfolio reporting with real-time data.
Use Cases
- Construction loan administration and draw management
- Commercial real estate deal origination and pipeline management
- Budget and financial management for construction projects
- Lien waiver processing and vendor payments
- Portfolio risk mitigation and compliance tracking
FAQs
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What is Built?
Built is an AI-powered platform for real estate finance and construction management, offering tools for construction loan administration, deal management, construction financials, and lien waiver management. -
Who can benefit from using Built?
Banks, private credit firms, property owners, developers, and general contractors can benefit from Built's platform to streamline financing, management, and payment workflows. -
What integrations does Built support?
Built integrates with QuickBooks, Sage Intacct, Yardi, and Procore to sync payables and streamline workflows. -
Is Built secure?
Yes, Built holds SOC 2 Type II, SOC 1 Type II, CCPA, and NIST certifications, ensuring high security and compliance standards.
