July 23, 2019 Comments Off on TapCap Receives $1.3B+ in Loan Requests in First Month Views: 1021 New York News, Uptown/Bronx New York

TapCap Receives $1.3B+ in Loan Requests in First Month

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A month after releasing its app, TapCap has already received more than $1.3 billion in multifamily loan requests for properties across 29 states. “Multifamily owners have demonstrated that this space is ready for a digital revolution,” said TapCap founder Zac Rosenberg.

That appetite for change appears to be felt across the spectrum. TapCap, reportedly the industry’s first all-digital multifamily lending company, notes that the requests have varied in size, including some requests for properties with valuations over $100 million.

By leveraging a large volume of property data, cloud infrastructure and predictive machine learning, TapCap can underwrite and process billions in loan volume at lower cost, the company says. Real estate owners can access the TapCap app from any computer or mobile device.

“Borrowers deserve an approach that is transparent and financially smart, and one without any surprises,” Rosenberg said when TapCap was launched. “This is what TapCap is all about.”

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