Loanboox now enables real estate financing
The fintech company Loanboox is now also offering its loan brokerage service to cooperatives for housing construction, real estate funds and companies. To this end, the young company is bringing Patrick Zurfluh, an expert in real estate financing, to its team.
The Zurich start -up Loanboox enters the brokerage of loans for housing cooperatives, real estate funds and companies. The financing expert Patrick Zurfluh is joining the company as Head of Real Estate Financing, according to a press release .
The first pilot transactions have already been completed, including a housing cooperative from the canton of Zurich. By processing via Loanboox, the borrower was able to save 20 percent of the financing costs and more than halved her expenses.
As Head of Real Estate Financing, Patrick Zurfluh wants to advise and support real estate companies in the future. Before that, he worked for the Raiffeisen and Credit Suisse banks as a real estate financing specialist. “It struck me that real estate financing should be made simpler and more cost-efficient. That’s why I’m with Loanboox now,” he is quoted as saying in the media release.
Loanboox has been brokering loans from investors to public sector borrowers for five years. All parties can view and organize their documents and communications as well as deadlines via the Loanboox digital money and capital market platform. Municipalities, cities and large companies have received 2,500 loans through Loanboox to date. The company is also open to partnerships with associations and organizations.