Speed Up Deals With AdvancedREI
CREtech Blog
“The Art of the Deal.” There’s a reason that deals are referred to as an art form, and that’s because (like great art) a great deal must be crafted and nurtured meticulously in order to reach its full potential. AdvancedREI is a web and mobile-based app that is designed with commercial investors, brokers, lenders and developers in mind, and touts the use of a proprietary algorithm to attempt to aid in getting deals get done faster.
Most of the financial models currently being relied upon today are considered fragmented and inefficient by some, and therefore, can end up causing great discrepancies regarding a property’s perceived value. This leads to a long, drawn out process debating whose projections are more accurate. AdvancedREI seeks to help dealmakers reach their common ground a lot quicker by providing:
- Financial Intelligence – detailed formulas that model long-term rental patterns. Using one year’s worth of property data, the Advanced REI algorithm can produce customizable ten-year performance forecasts.
- Market Intellegence - information on population demographics and lease comps of nearby properties
- Artificial Intellegence – Relying on the 30 years of combined real estate and technology experience that went into the development of the software, AdvancedREI claims to be able to connect the dots between the property, market and financial data in a way that will produce the most accurate assessment of the possible value of a property.
Used by the likes of Marcus & Millichap, Colliers International, Morgan Stanley and Sperry Van Ness, they might be onto something. They’re currently offering a 30-day, risk free trial on their website if you’d like to discover more of what they’re about.
If you’re not ready to dive in head first like that, you might also want to consider taking a look at this video by Jeff Yrueta, the company’s CEO, where he explains in depth how AdvancedREI operates.