Ponte Vedra-based fintech Snap Build soars with construction lending platform - Jacksonville Business Journal

  • 📰 JaxBizJournal
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Ponte Vedra-based construction lending fintech sees revenue soar

When Ponte Vedra Beach resident Lee Kaplan started investing in real estate years ago, he wasn't making the profit he expected — in part because of cost overruns.

Kaplan’s initial foray into the industry began in 2014 as a traditional residential construction lender. In 2021,he retooled the company as a fintech platform that promotes three simple steps: fund, build, manage. As well as funding construction, the platform manages the project budget and directly pays subcontractors and suppliers.

“We lend money to builders to allow them to build quicker, more efficiently and with accountability,” Kaplan said. “Our software controls the builds. What happens is, we lend money, that builder submits everything through our system, andpay everything directly. So we’re never directly giving money to the builder, although the builders are accountable for it.”

Austin, Texas has emerged as a prime locale. Kaplan recently opened a second office there, employing a staff of two.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 599. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks close higher, snap 2-day losing streak as Wall Street shakes off Fed minutesStocks closed higher Wednesday as investors looked past Fed meeting minutes that showed the central bank will remain aggressive in its policy to tame high inflation. The Dow gained 0.40%. The S&P 500 popped 0.75%. The Nasdaq rose 0.69%.
La source: CNBC - 🏆 12. / 72 Lire la suite »