The startup offers a cloud-based real estate appraisal platform that utilizes robust back-end databases and natural language generation to replace outdated Excel spreadsheets. This technology enhances the efficiency, quality, and consistency of appraisal reports, enabling firms to produce accurate documentation at a lower cost.
Funding
$85.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
CC+7Founders
Product
Problem
Traditional commercial real estate appraisal processes rely heavily on manual data collection, outdated spreadsheets, and time-consuming report generation, leading to inefficiencies and potential inconsistencies. This can result in slower turnaround times and increased costs for financial institutions and other stakeholders requiring accurate property valuations.
Solution
Bowery Valuation offers a cloud-based appraisal platform that streamlines the commercial real estate valuation process, leveraging robust databases and automated report generation. The platform integrates public record data and a proprietary comparables database to provide appraisers with instant access to relevant property information. By automating formatting and data insertion, the software allows appraisers to focus on valuation analysis and client service, resulting in faster turnaround times and higher quality reports. The platform also includes a mobile inspection app that seamlessly uploads property photos and notes, further streamlining the appraisal workflow.
Target Audience
The primary target audience includes financial institutions, private lenders, and commercial real estate professionals who require accurate and efficient property appraisals.
Features
- Proprietary comparables database with instantly accessible data for appraisers
- Public record integration for automated property information retrieval
- Automated formatting and insertion of tables, graphs, and maps in appraisal reports
- Mobile inspection app (Bowery OnSite™) for seamless uploading of property photos and notes
- Cloud-based platform accessible from anywhere
- Support for various commercial asset types, including multi-family, office, industrial, retail, and land