PRESS RELEASE
Churchill Makes Strategic Investment into Web 3.0, Incorporating Blockchain Technology with Real Estate Lending Churchill's investment into the Earn.re platform aims to expand the company's technological capabilities in the business purpose lending space.
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 Earn.re platform to bolster the company's technological capabilities within the business purpose lending (BPL) space through the blockchain. The investment will help to develop an overarching Churchill Ecosystem that provides its clients with an easy, one-stop-shop for originations, servicing, capital markets and lender financing. Earn, a Web 3.0 software company headquartered in New York City, develops enterprise software for originating and maintaining commercial real estate (CRE)-backed securities and loans. The technology is addressing critical pain points for wholesale lenders with significantly streamlined lender-to-lender due diligence, disposition, and settlement of loans via a private blockchain. Earn is uniquely positioned as a highly-customizable, SOC2-compliant, enterprise solution that empowers lender scalability.
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