{"id":1004119725,"date":"2015-05-20T06:35:47","date_gmt":"2015-05-20T14:35:47","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004119725"},"modified":"2022-12-04T11:53:18","modified_gmt":"2022-12-04T19:53:18","slug":"auction-com-launches-cre-finance-portal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-cre-finance-portal\/","title":{"rendered":"Auction.com Launches CRE Finance Portal"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/em><\/p>\n

\"Rick<\/a>

Rick Sharga, Auction.com<\/p><\/div>\n

Financing for investors making acquisitions through online real estate marketplace Auction.com just got a lot easier. Auction.com L.L.C. has introduced its new Commercial Real Estate Financing Portal, allowing investors to apply for financing in a quick and convenient process on the website.<\/p>\n

Bidders can do it all in one spot. They can submit financing applications, view their loan application status–in real time–and communicate with lenders.<\/p>\n

\u201cThis just naturally seemed like the right time to add direct access to financing for the assets on our site as a value-added service to our customers,\u201d Rick Sharga, executive vice president at Auction.com, told Commercial Property Executive<\/i>. \u201cFinancing is in high demand among commercial buyers, especially as CRE prices continue to rise. In fact, we recently estimated that about half of the commercial investors buying properties on the\u00a0Auction.com\u00a0platform are financing their purchases–and we suspect that number could be even higher.\u201d<\/p>\n

It\u2019s a win-win. The greater the buyer liquidity, the greater the pool of potential buyers.<\/p>\n

Auction.com also expects the financing portal to be attractive to those who are accustomed to a more traditional process.<\/p>\n

\u201cAs we continue to grow our inventory of non-distressed properties, we\u2019re likely to attract an influx of more traditional buyers, whom we expect might appreciate access to more traditional financing options,\u201d Sharga added.<\/p>\n

Auction.com\u2019s preferred lenders will provide investors with financing options, and they\u2019ll be counted towards a buyer\u2019s proof of funds.<\/p>\n

With an increasing number of investors from around the world, Auction.com has not excluded its international buyers from the opportunity to avail themselves of the new financing portal.<\/p>\n

\u201cThe lenders we are working with will make loans to non-U.S. borrowers with some exceptions,\u201d Sharga concluded. \u201cSpecifically, a non-U.S. borrower must have at least one U.S. national as a partner, or the must have set up a U.S. entity. And, in some cases, the lenders won’t accept foreign nationals as recourse guarantors.\u201d<\/p>\n

Every portal must have its rules.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Financing for investors making acquisitions through online real estate marketplace Auction.com just got a lot easier. <\/p>\n","protected":false},"author":969,"featured_media":1004107669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21787],"tags":[],"class_list":["post-1004119725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-technology"],"acf":[],"yoast_head":"\nAuction.com Launches CRE Finance Portal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-cre-finance-portal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auction.com Launches CRE Finance Portal\" \/>\n<meta property=\"og:description\" content=\"Financing for investors making acquisitions through online real estate marketplace Auction.com just got a lot easier.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/auction-com-launches-cre-finance-portal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-20T14:35:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T19:53:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/11\/Rick-Sharga.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"290\" \/>\n\t<meta property=\"og:image:height\" content=\"225\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Auction.com Launches CRE Finance Portal\",\"datePublished\":\"2015-05-20T14:35:47+00:00\",\"dateModified\":\"2022-12-04T19:53:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/\"},\"wordCount\":363,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/11\\\/Rick-Sharga.jpg\",\"articleSection\":[\"News\",\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/auction-com-launches-cre-finance-portal\\\/\",\"name\":\"Auction.com Launches CRE Finance Portal - 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