J P Morgan Chase & Co (NYSE:JPM) - CRE Marketplace Metechi Raises $5M As Family Offices Swoop On Distressed Real Estate
Share: The following is a contributed article from a content partner of Benzinga In the real estate business, these are the best of times and the worst of times. On the one hand, the events of 2020 have buffeted the entire industry, with commercial real estate (CRE) particularly badly affected. The vacant office blocks and half-finished construction projects have provided an opportunity, however, for savvy investors to swoop in and pick up cheap NPLs. Capitalizing on this trend is AI startup Metechi, which has completed a $5M raise to refine its platform for brokering commercial real estate d...
Source: benzinga.com