There is an urgent need to finance 20 million new units of affordable housing in the United States this decade. Historic data indicates that without significant disruption of the financing and construction industry, we will fall woefully short. Currently, the process to underwrite and finance new multifamily housing loans is incredibly archaic, fragmented, and lacks industry standard tools and digital innovation. It takes upwards of 4 months to apply for and underwrite/close each loan. We are changing this status quo. Builders Patch, a venture-backed startup, is revolutionizing housing finance. The Builders Patch platform digitizes and automates the loan intake to closing process and provides AI-driven insights and analytics to bring accuracy, speed, and transparency to the closing process. Ultimately, we are accelerating the rate at which housing units are built. One of the largest housing agencies in the country is our customer, and we are rapidly creating a robust ecosystem for.
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