Built Technologies offers a cloud-based construction lending platform that streamlines financing, project financials, and billing processes for real estate stakeholders. By centralizing loan management and automating workflows, the platform reduces administrative costs and accelerates payment cycles, enhancing efficiency and risk management in construction projects.
Funding
Funding not disclosed
CFounders
Product
Problem
Construction projects involve complex financial transactions and workflows across multiple stakeholders, leading to administrative overhead, delayed payments, and increased risk for lenders, developers, and contractors. Managing budgets, draws, invoices, and inspections using disparate systems and manual processes creates inefficiencies and hinders real-time visibility into project financials.
Solution
Built Technologies offers a cloud-based platform that streamlines construction lending and project financial management, connecting lenders, developers, contractors, and other stakeholders on a unified system. The platform automates workflows for draw management, invoice processing, and budget tracking, reducing administrative costs and accelerating payment cycles. By centralizing project data and providing real-time insights, Built enables better risk management, improved collaboration, and more efficient capital deployment throughout the real estate lifecycle.
Target Audience
Built Technologies serves lenders providing construction financing, real estate developers managing project budgets, and contractors seeking streamlined payment processes.
Features
- Centralized loan management dashboard for tracking project budgets, draws, and compliance
- Automated draw request processing with integrated document management and approval workflows
- Streamlined invoice management with AIA-style invoice collection and approval routing
- Real-time budget tracking and variance analysis to identify potential cost overruns
- Integrated inspection management with mobile capabilities for on-site reporting and photo documentation
- Customizable reporting and analytics dashboards for portfolio-level insights and risk assessment
- Integration with accounting, project management, and banking systems for seamless data exchange
- Secure, cloud-based platform with role-based access controls and audit trails