In this bonus episode of Commercially Speaking, Bo and Timmy welcome Luke Morris, co-founder of Crexi and Capitalize. They discuss Luke's journey in commercial real estate, the evolution of Crexi, and the launch of Capitalize, a platform designed to streamline commercial real estate financing using AI. The conversation delves into the challenges faced by brokers and lenders, the importance of data in the industry, and the future prospects for Capitalize. Luke emphasizes the need for transparency and trust in commercial real estate, highlighting how technology can empower brokers to better serve their clients.

Chapters

00:00 Introduction to the Podcast and Guest

02:40 Luke Morris: Early Life and Career Path

05:19 The Birth of Crexie: Innovations in Commercial Real Estate

08:00 The Evolution of Crexie: Growth and Milestones

10:48 Identifying Pain Points in Commercial Real Estate

13:32 Capitalize: The Next Step in PropTech

16:25 Understanding Capitalize's Functionality and Market Impact

19:07 Use Cases for Brokers: Enhancing Efficiency and Effectiveness

21:56 The Role of Brokers in Commercial Real Estate

24:34 Exploring the Technology Behind Capitalize

27:27 Real-Time Insights and Market Dynamics

30:28 Conclusion and Future Outlook

33:22 Understanding Mezzanine Debt and Preferred Equity

36:51 Navigating Fund Management and Deal Sponsorship

39:28 Challenges in Data Aggregation and AI Integration

44:08 Personal Insights and Hobbies of Luke Morris

48:52 Engagement and Future Steps for Capitalize.io