PLUM Lending has received a $2m investment from Resolute Capital Partners, Soft Bank and Elliott Management.
Having closed the round, the company will look to expand its network of financial services, wealth managers and brokers.
PLUM combines data intelligence and â€œfinancial expertiseâ€ to improve lending in the real estate industry, it claims. The commercial real estate lending platform borrowers gain access to loans ranging from $3m to $30m on fixed-rate loans up to ten years.
The lending company enables customers to buy, refinance and improve investment decisions, it claims.
Resolute Capital Partners senior managing partner and founder Thomas Powell said, “More often, companies are demanding an investment partner that can provide operational expertise and support in addition to capital investments.
“We are thrilled to make an investment in PLUM, as they seek to revolutionize the commercial lending market. As our world continues to evolve with events such as the COVID-19 pandemic, access to alternative forms of funding becomes increasingly important.”
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