For Immediate Release
QuietStream Financial Sells Fairview’s Trader Tool to CMBS.com
Charlotte-based software firm achieves successful exit for technology investment
Charlotte, North Carolina— QuietStream Financial is pleased to announce the sale of Fairview’s Trader ToolSM to San Francisco-based CMBS.com for an undisclosed sum. Fairview Real Estate Solutions, a QuietStream Financial portfolio company, re-underwrote over 80,000 CMBS loans and developed a proprietary, web-based software to deliver its commercial loan underwriting and commentary. “We’re extremely excited to get this game-changing software in the hands of a well-established and highly respected technology company like CMBS.com; we both operate in the same space, so this transaction made all the sense in the world,” says QuietStream CEO Rob Finlay. QuietStream and its portfolio of companies, including Defease with Ease®, Investor Management Services, and Tax Credit Asset Management, develop technology and back office solutions for sponsors, institutional investors and retail investors in the commercial real estate space.
Similarly, CMBS.com’s commercial loan underwriting and asset management software, Backshop, has been favored by major financial institutions for over a decade. CMBS.com’s CEO, Jim Flaherty, commented: “Fairview’s Trader Tool does a nice job of organizing data, analyzing almost all outstanding CMBS loans, and presenting it in a user-friendly format. We’re looking forward to merging it with our tools and expanding our product offerings for existing and new customers alike.”
As part of the acquisition of Fairview’s Trader Tool, CMBS.com also will get a valuable source of local commercial real estate intelligence and data in Fairview’s Broker Network. The broker network is comprised of one hundred twenty seven independent commercial real estate brokerage firms in primary, secondary and tertiary markets throughout the United States. Said Finlay, “Unlike some data gathering models that bring data in and provide nothing in return, members of Fairview’s Broker Network join a powerful referral network and receive data from which they can develop leads in exchange for sending data into the system. Such a symbiotic relationship leads to better more reliable data.”
About QuietStream Financial
QuietStream Financial, LLC is a commercial real estate technology and services company headquartered in Charlotte, N.C. The organization provides acute detail and expertise in technology, alternative asset management services and structured finance products for commercial real estate owners, brokers, financial institutions and investors. To learn more visit www.quietstreamfinancial.com.
CMBS.com, Inc. is a commercial real estate technology and data company headquartered in Sausalito, CA. Our clients include CRE enterprises, professionals, and owners. Learn more at www.cmbs.com and www.backshop.com.