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Charlottesville, VA ,United States of America
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Snapdocs Raises $60M To Expedite Mortgage Processing With Ai
Real estate tech company Snapdocs today closed a $60 million funding round. According to a spokesperson, the proceeds will be put toward product development and expanding the company’s workforce. (Snapdocs plans to double its 225-employee headcount within the next 9 months.) Mortgage lending is a complex process due to regulatory constraints, yet banks in many markets have managed to digitize parts of the mortgage journey, according to McKinsey. Full investment news article
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Blackstone Pays $63M For Upscale Charlotte Community
The seller and developer financed the project with a $28.7 million construction loan from First Tennessee Bank in 2017.: A partnership between Dominion Realty Partners and Edge Principal Advisors has sold The Palmer Apartments, a 318-unit community in Charlotte, N.C., to the Blackstone Group for $63 million. The Class A community encompasses 11 three-story buildings delivered in 2019. The unit mix has one-, two- and three-bedroom apartments with sizes between 613 and 1,262 square feet. Resident amenities at the property … Full investment news article
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