Future of Investing, Podcasts

[podcast] Ely Razin wants to inject big data into real estate investing

  • Credifi has big data and analytics on millions of real estate loans
  • the Bloomberg for corporate real estate finance
close

Email a Friend

[podcast] Ely Razin wants to inject big data into real estate investing
[caption id="attachment_8625" align="alignright" width="200"]Credifi's Ely Razin Credifi's Ely Razin[/caption] We've spoken a lot on the podcast about tools for institutional investors. Technology and data have changed the way they go about their business. But that's not really true for real estate investors. It's funny — in an industry where hundred million dollar transactions are the norm, there's surprisingly little data-enabled decision making. Corporate real estate finance is still predicated on relationships — between buyers, sellers, financiers, and brokers. Ely Razin wants to change that —his firm, Credifi, is developing big data solutions to provide transparency for the corporate real estate ecosystem. He's built and sold a previous startup to Thomson Reuters and joins us on the podcast this week to talk about how big data will change the way real estate investing is done, the opportunities and challenges of building a fintech startup in the CRE space, and how building a startup finance company has changed since his last go-around. Below are lightly edited and condensed highlights from the conversation. What role does data currently play in commercial real estate finance? It's really interesting -- real estate has been perceived as a laggard industry that didn't readily adopt data at the core of its decision making processes. And that's despite the fact that any real estate transaction is fairly large in size. These aren't hundred dollar stock purchases. Building purchases can be worth hundreds of millions of dollars. That's beginning to change and we're part of that change. How real estate investing changes once data and analytics become commonplace We have coverage of 2m properties and 2.5 loans that finance them. We have coverage of the real estate markets in the top 100 cities in the US -- from New York City to Spokane, WA. With a full view, an investor can decide where he'd like to invest, when he'd like to do it, and when you think a borrower is ready to move. By contrast, in today's real estate market, a buyer is completely dependent on brokers. One thing having information enables you to do is simply spot the right opportunities and go after them. It sounds like you're trying to create the Bloomberg of commercial real estate finance We often draw the parallel to Bloomberg. Aspirationally, Bloomberg is a fabulous model. We do take a few pages out of their playbook. First, we start by putting all the data available in one place. That's critical -- this is a market that was highly fragmented. We weave all the data together, so that our users can click through from a property to its owner to its lender. The second thing we take from Bloomberg is an understanding that it's not just about the data -- it's about moving the transaction forward. Bloomberg's messaging platform is a backbone for trading. We have the mindset that we want to help get deals done.    

0 comments on “[podcast] Ely Razin wants to inject big data into real estate investing”

Podcasts

‘The Chief Data and Analytics Office is a team sport’: Vanguard’s Ryan Swann

  • Ryan Swann, Vanguard's Chief Data and Analytics Officer, champions the centralization of data analytics for business efficiency while highlighting the importance of diverse talent in innovation.
  • He envisions a convergence of offensive and defensive data strategies to enhance capabilities and reduce costs at Vanguard.
Zachary Miller | December 01, 2023
Podcasts

The state of bill pay with Solutions by Text’s Nick Babinsky

  • Consumers struggle with one-time payments, frequently forgetting to pay their bills on time.
  • Banks, billers, and payers can find success when simple texts are used as reminders and onboarding to payment flows.
Zachary Miller | November 29, 2023
Podcasts

‘If you can get Gen Z right, it’s going to build your bank for the future’: Citizens Bank’s Vice Chair, Brendan Coughlin

  • Regional banks like Citizens face a variety of challenges, from high interest rates to rising consumer expectations.
  • Brendan Coughlin, the bank's Vice Chair and head of consumer banking, joins us on the podcast to discuss how his firm is navigating the challenges and opportunities in this market.
Zachary Miller | November 21, 2023
Podcasts

Revisioning banking and BaaS last mile to safely deliver financial products

  • The BaaS ecosystem has been evolving and that means different things for the banks, fintechs, non-banks, and middleware companies participating.
  • On the Tearsheet Podcast, editor Zack Miller is joined by executives from Thread Bank, CCG Catalyst Consulting Group, and Infinant to discuss the last mile and where business models are headed.
Zachary Miller | November 17, 2023
Podcasts

The Gen Z Effect: Sustainability, technology, and the future of finance

  • Gen Z has demonstrated an interest in shopping for sustainable fashion, in goods and companies whose values align with their own.
  • In this special episode of the Tearsheet Podcast, executives from Klarna, Publicis Sapient, and Good on You join us to talk about the intersection between sustainability, technology, and finance.
Zachary Miller | November 13, 2023
More Articles