La Central (The Bronx, NY)

NYCHDC uses Builders Patch to support the financing of affordable housing

New York City Housing Development Corporations is partnering with Builders Patch to get digital support in their financing and underwriting of housing projects.

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Rockwood 10 (Portland, OR)

“Their system is built around the way we developers work.”

"The big difference with Builders Patch was their personal experience and expertise in affordable housing finance and development.”

Kevin Kellogg

Director of Real
Estate Development

Case study >>

Casa Celina (The Bronx, NY)

"Builders Patch is easy, intuitive and useful for our team."

"We use Builders Patch to store our data, manage our deals, and share information seamlessly. The project management feature that allows us to track all our tasks and priorities with our team is a highlight.”

Andrea Kretchmer

Principal

Case study >>

Project Profile

Up-to-date project details

From acquisition to breaking ground, keep everything in one place. Easily access the latest pro forma tables, charts, and project files from anywhere. A single source of truth for everyone involved in a project.

unlimited data storage

secure & cloud-based

access-control for sharing

DUE DILIGENCE

Online due diligence collection—visually

On average, over 150 files need to be collected per project along with countless other details about the building and the companies involved in the execution. We make the process simple for everyone.

Project Management

easy-to-follow checklists

fill-in forms & file uploads

task management & chat

Proforma Mapping

Asset Types

Every asset type in multifamily housing.

Builders Patch streamlines the underwriting process of all asset types within multifamily rental housing.

Project Management

affordable housing

market rate housing

senior housing

student housing

How does it work?

STEP 1

Set up your project space

Set up an online space for your projects in a few easy steps. Upload your existing Excel model to see full pro forma.

STEP 2

Complete due diligence

Get started using our checklist and workflow tool. Invite your project team to collaborate. Set tasks, chat, and more.

STEP 3

Share collected details

Your project information gets automatically arranged into a basic memo. Share it via a secure URL link.

STEP 1

Set up your own checklist

We are already collecting most of what you need to underwrite a deal, but you can easily add or remove fields.

STEP 2

Monitor collection process

Get an overview of the progress of collection. Communicate directly with developers whenever needed.

STEP 3

Create final credit memo

All the information is automatically organized into a basic memo. Compile your final credit memo based on this.

Look inside

Product features

Due diligence

Easy-to-follow checklists and fully online due diligence collection.

Underwriting memo

Your project data is automatically arranged into a shareable memo.

Online pro forma

All project data organized into easily accessible charts & tables.

Custom reports

Configurable reports to match what your company needs. Exportable as a spreadsheet.

Document collection

All files stored securely in the cloud. Neatly organized & easy-to-access.

Task management

Cross-team collaboration via task lists and real-time chat.

Asset management

Income and operating expenses stored and analyzed long-term.

Curious to know more?

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NEWS DIGEST

Curated news articles on rental market trends & affordable housing every week.

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Read the latest news on housing! Our weekly news digest and bi-weekly policy digest will be delivered to your mailbox.

LATEST NEWS

News Digest #20 / 2022

Aug 5

–

Aug 11, 2022

State of the Nation's Housing 2022 summary | Mayor’s affordable housing strike force to seek developers for city land | Affordable housing and new business developments on Springfield City Council Agenda | Three challenges facing the affordable housing market—and how industry leaders can start addressing them

News Digest #19 / 2022

Jul 29

–

Aug 4, 2022

Government programs for funding affordable housing | L.A. County’s historic General Hospital is set to be converted into affordable housing | Why it's so hard to find an affordable apartment in New York | JPMorgan Chase simplifies affordable housing financing

All news

WHITE PAPERS

Digital technology is transforming commercial real estate. Multifamily & affordable housing are not left out!

Digital technology is transforming multifamily real estate. Affordable housing is ripe for change, too. Don't miss out on the latest reports & white papers from Builders Patch.

All white papers

WHITE PAPER

5 ways technology can drive affordable housing development

Innovation and technology adoption in the private sector is rapidly disrupting the way employees at these organizations work, and the ways they do business. Meanwhile, non-profit organizations and local governments in these industries compete for a common pool of resources, but are not benefiting from the same investments in innovation and technology adoption.

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