Arizona based commercial mortgage lending startup CommLoan has raised $2.25m in seed funding, led by Social Leverage and ViaWest Group.
“CommLoan has built a distinctive platform designed specifically for the commercial real estate finance setting, improving the overall lender-borrower experience,” said Tom Peterson, founder and general partner of Social Leverage. Steven Schwarz, Founding Partner of ViaWest Group, added: “Being in the commercial real estate business, we recognize the opportunity that CommLoan has identified, to change the way commercial mortgage real estate financing currently works, which will result in a win-win for both borrowers and lenders who use their platform.”