SCOTTSDALE, Ariz., Oct. 26, 2018 /PRNewswire-PRWeb/ -- CommLoan announced today that it was selected as a winner of the Growth Stage Competition by Bend Venture (BVC) LLC at the 15th Annual Bend Venture Conference, taking home a $100,000 investment.
The conference, which was hosted by Economic Development for Central Oregon (EDCO) at the Tower Theatre in Downtown Bend, attracted a sold-out crowd. Over 600 attendees spent two days learning from 14 companies looking to gain investments from prominent funds.
The Growth Stage competition, which included companies that have a proven concept and initial revenues, had four different winners. The investment arm of the conference, BVC, LLC, awarded the Growth Stage investments following considerable due diligence of each of the five presenting finalists. CommLoan was one of two winners of the BVC, LLC Investment Award.
"We are thrilled!," exclaimed Mitch Ginsberg, CommLoan CEO. "There were so many great companies in this competition and to have been chosen for the $100,000 investment gives our team the added confidence that we are on the path."
"Mitch and his team demonstrated to our fund that CommLoan had a proven business model and impressive revenue growth to warrant us selecting his company for the Investment Award," says Brian Vierra, EDCO Venture Catalyst.
Since CommLoan was founded in 2014, the company has added hundreds of lenders and tens of thousands of loan programs to its platform. Borrowers use CommLoan's platform to secure commercial real estate loans on properties ranging from multi-family housing and retail to office and large industrial complexes. To date, the company has processed close to $1 billion in commercial real estate transactions.
About CommLoan
Established in 2014, CommLoan is a commercial mortgage lending technology company that has created the first true marketplace to match commercial mortgage borrowers with the perfect loan product and features personal, concierge-style service. Headquartered in Scottsdale, Arizona, CommLoan is redefining the status quo by bridging the gap between lender and borrower. With its innovative commercial mortgage lending technology platform, CUPID™, CommLoan is able to grant access to hundreds of different lenders representing thousands of loan products, while providing the tools necessary to easily and efficiently compare the loan terms. For more information, visit CommLoan.com or call 1-877-566-8734.
SOURCE CommLoan
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