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Scottsdale, Arizona based mortgage lending technology company CommLoan has raised $2.25m in Series Seed funding led by Social Leverage and ViaWest Group. The financing will secure business development resources to accelerate sales and further strengthen CommLoan’s leadership position in the marketplace.
“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.”
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