CRE loans hit their peak for banks right before the financial crisis in 2007, then prices started to crater by more than 30 percent in some cases; fintech startup Credifi is filling a need where banks can gain access to out of market CRE loans; Credifi lauched their platform in 2017 that helps connect borrowers to CRE lenders, Credifi charges banks a fee based on the number of platform users; their program is not for all banks, the Bank of Fayette County for example doesn’t need CRE loans outside their community and they fear the platform could create a race to the bottom when it comes to rates; the platform is helping to provide banks with greater transparency in the market overall and access to potential opportunities they would not see otherwise. Source.
