Nativ, a workflow automation platform for the commercial real estate lending industry, has been acquired by Nashville-based Built Technologies, a provider of construction and real estate finance technology. Terms of the transaction were not disclosed. “Joining forces with Built will fundamentally change how lenders and owners work together,” remarked Jeff Saul, Nativ Co-CEO and Cofounder. “Lenders have long been underserved by a lack of modern, industry-specific tools to speed the process of closing and managing loans. Together, we will change the way lenders and owners transact in the entire ‘built’ world.”
Joining forces with Built will fundamentally change how lenders and owners work together. Lenders have long been underserved by a lack of modern, industry-specific tools to speed the process of closing and managing loans. Together, we will change the way lenders and owners transact in the entire ‘built’ world. – Jeff Saul
Founded by Saul and Adam Kerr in 2018, Nativ had raised a single round in 2021 totaling $3.2M. Backers of the company include Edward Lando, Pareto Holdings, Operator Partners, and Bling Capital. Both Saul and Kerr will be joining Built. Built will now service a combined 220+ lenders.
“After years working with top real estate lenders in the US and Canada, our customers began voicing their desire for us to help them solve new problems beyond just managing their construction loans,” remarked Built Cofounder and CEO Chase Gilbert. “Our customers were experiencing difficulties with the underwriting and asset-management of loans as well as with aggregate portfolio management and reporting. When we were introduced to Nativ, the powerful tools to streamline these very processes were an obvious fit. This acquisition will also give Built access to a rich data set for how various real estate assets are performing, allowing us to provide innovative risk intelligence products to our customers over time.”
After years working with top real estate lenders in the US and Canada, our customers began voicing their desire for us to help them solve new problems beyond just managing their construction loans. Our customers were experiencing difficulties with the underwriting and asset-management of loans as well as with aggregate portfolio management and reporting. When we were introduced to Nativ, the powerful tools to streamline these very processes were an obvious fit. This acquisition will also give Built access to a rich data set for how various real estate assets are performing, allowing us to provide innovative risk intelligence products to our customers over time.
