Transparency for the Middle Market
One of the unique features of middle-market real estate is the opaque nature of the players involved. Unlike institutional-type transactions which have only a handful of potential buyers or tenants, middle-market deals – which might have a price of $10 million instead of $100 million – have a much greater number of potential deal parties.
And while that often results in a bidding war, sometimes it means the deal process gets tied up by an investor or tenant who doesn’t actually have the funds to close the deal.
Because this lack of transparency can hijack transactions and affects so many brokers in the middle market, Biproxi built a solution in the free, national MLS the company recently launched.
Partnering with global institutions, Biproxi developed a proprietary technology that verifies that potential buyers and tenants are who they say they are – and that they have the necessary capital and creditworthiness to close the deal.