Churchill makes a strategic investment in Web 3.0,

NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) — Churchill Real Estate, a real estate investment firm focused on real estate debt, equity and distressed opportunities in the United States, today announces a strategic investment in the platform Earn.re to build enterprise technology capabilities in the business lending (BPL) space through blockchain. The investment will help develop a global Churchill ecosystem that provides customers with a simple one-stop-shop for originations, services, capital markets and lender funding.

Earn, a New York-based Web 3.0 software company, develops enterprise software for creating and managing commercial real estate (CRE) titles and loans. The technology solves critical issues for wholesale lenders with cross-lender due diligence, dramatically simplified loan disposition and settlement via a private blockchain. Earn is uniquely positioned as a highly customizable, SOC2 compliant enterprise solution that enables lender scalability.

The incorporation of blockchain technology will expand Churchill’s business lending capabilities with the ability to integrate and streamline the process of acquiring and accepting loans:

  • Smart contract workflows enable easy automation of key tasks and tokenization of assets for more accurate record keeping.
  • Splitting the ownership of loans allows multiple investors to contribute funds, reduce risk and receive benefits commensurate with the amount invested.
  • Maintenance data is transferred to and through the platform in real time via Churchill’s API.
  • Churchill can provide stapled funding directly through the platform through a more streamlined process.

In the first quarter of 2022 alone, Churchill produced a record origination volume of $1.25 billion. The added scalability of the new platform provides Churchill with the ability to create a lending marketplace for investors with full transparency into its asset management process as well as increased liquidity of BPL’s entire loan assets. Churchill intends to use the platform for securitization issuance in the near future.

The Churchill Principles have over 100 years of combined real estate experience with a solid track record of investing and managing billions of dollars in US real estate. Churchill was founded to take advantage of tailored, one-time opportunities throughout real estate market cycles, with an emphasis on downside protection while maximizing risk-adjusted return.

Churchill’s value proposition is centered on the breadth and depth of experience of its management team as well as its development of proprietary technology platforms.

About Churchill

Churchill Finance (“Churchill”) is a real estate investment firm operating since 2014 to capitalize on distressed real estate debt, stocks and opportunities in the United States. The company’s executives have over 100 years of combined real estate experience with a strong track record of investing and managing billions of dollars in US real estate assets. Churchill was founded to take advantage of tailored, one-time opportunities throughout real estate market cycles, with an emphasis on downside protection while maximizing risk-adjusted return. Churchill’s value proposition is centered on the breadth and depth of experience of its management team as well as its development of proprietary technology platforms. For more information about Churchill, visit our website at www.churchillre.com.

Contact information
[email protected]

This content was posted through the press release distribution service on Newswire.com.

Comments are closed.