Technology Collaboration Combines Advanced AI Expertise with Leading Real Estate Finance Know-How To Enhance Deal Performance Insights and Loan Underwriting Process
Skyline AI, a real estate investment technology company using advanced, proprietary artificial intelligence and data science to outperform commercial real estate investment benchmarks, and Greystone, a commercial real estate lending, investment, and advisory company, have announced today a technological collaboration. The joint effort combines Skyline AI”s artificial intelligence expertise, Greystone”s industry-leading real estate finance sector expertise, and the advanced AI and machine learning capabilities of Greystone Labs – Greystone”s technology innovation department – to boost deal performance and the loan underwriting process.
Leveraging its strengths in artificial intelligence and data science technology, Skyline AI will obtain key industry insights from Greystone Labs, increasing the breadth and depth of data available to exponentially boost the performance of Skyline AI”s asset performance predictions. Greystone Labs will also receive access to Skyline AI”s technology, which will strengthen their specialized team of underwriters, empowering them to underwrite loans 10x faster and with greater accuracy. This mutual exchange of insights will bolster both companies with the technological prowess to outperform the market in their respective endeavors.
‘Value is the DNA of every deal, and joining forces with Greystone Labs will unleash the ability of advanced AI and data science to restructure how deals are underwritten, financed and acquired,’ said Guy Zipori, Co-founder and CEO of Skyline AI. ‘Together, our powerful platforms will derive insights with unprecedented speed to enable improved deal flow with precision analysis that will inform investors and financiers alike.’
Skyline AI uses the most comprehensive data set in the industry, mining data from over 100 different sources, analyzing over 10,000 different attributes on each asset for the last 50 years. Powered by natural language processing and high-performance data infrastructure, all data is compiled into one large ”data lake”, and then cross-validated to make sure the data used is accurate. This enables Skyline AI to provide, within seconds, a deep assessment and the most accurate actionable predictions about any real estate asset in the United States.
‘At Greystone Labs, we”ve blended software engineering, underwriting and data science in order to underwrite thousands of loans in a fraction of the typical timeline,’ said Zac Rosenberg, Director of Greystone Labs. ‘Our collaboration with Skyline AI will allow us to combine our industry expertise in both lending and investment with their expertise in data science and artificial intelligence. Together we will push even further into leveraging artificial intelligence in our underwriting models to surface insights previously impossible to achieve.’
About Skyline AI
Skyline AI, founded in 2017, is a real estate investment technology company using proprietary machine learning to augment the performance of institutional-grade commercial real estate investments. Skyline AI utilizes an unprecedented amount of live real estate data to provide the deepest and most accurate predictions about any commercial asset in the US, providing a clear market picture for the first time. Skyline AI is partnering with the leading players in the industry to outperform commercial real estate benchmarks. Backed by Sequoia Capital, Skyline AI has raised $3 Million in total funding. The company has offices in New York and Tel Aviv. To learn more about Skyline AI please click here.
Greystone is a real estate lending, investment and advisory company with an established reputation as a leader in multifamily and healthcare finance, having ranked as a top FHA, Fannie Mae, and Freddie Mac lender in these sectors. Our range of services includes commercial lending across a variety of platforms such as Agency, CMBS, FHA, USDA, bridge, mezzanine, and proprietary loan products. Loans are offered through Greystone Servicing Corporation, Inc., Greystone Funding Corporation and/or other Greystone affiliates. For more information, visit http://www.greyco.com.
TEL AVIV, Israel, July 3, 2018 /PRNewswire/ —