Built Technologies’ software streamlines the collateral monitoring and draw process, making it easier to service construction loans. Built’s software replaces the spreadsheets, emails, phone calls, and paper files that were previously used to manage construction loans.
Built’s software automates manual tasks, provides transparency and connects all key stakeholders, including lenders, borrowers, builders and draw inspectors. Since January 2016, the company has tripled its client base and doubled in size. Last year, Built completed its Series A round of funding, which saw the company raise $21 million. The investment brought Built’s total capital raised to $25 million.