MIAMI, FL (Issued APRIL 2023) — Kat Downen’s favorite life and business philosophy is “When we continue our attempts despite failure, success is not a matter of if, but when.”
Now, armed with that positive attitude, Downen has joined the Sales team at nxtCRE (www.nxtCRE.com), the Miami-based trailblazing Commercial Real Estate fintech platform that partners with financial institutions, providing exclusive access to the immediate investment needs of CRE investors. The announcement was made by company founder and Chief Strategist Adam Sharif.
One of Downen’s first clients is Lument (formerly Orix), a leading national brand in CRE finance that specializes in delivering solutions that advance their client’s ability to realize financial and operational goals. She knows key Lument executives through a prior job, including Rick Warren, a senior managing director. During 2022, Lument’s servicing portfolio consisted of 6,573 loans totaling $49.9 billion.
Sharif says 75% of CRE loans pay off and two-thirds of them want to enter 1031 exchanges. nxtCRE gives lenders the ability to maintain a ‘line of sight’ to that borrower’s acquisition and funding needs: “Our value proposition is so immediately evident that we are forming exclusive partnerships with top lenders across the country.”
The nxtCRE team includes experts from leading CRE financial institutions, top-ranked brokers and marketers, and cutting-edge tech creators—all with decades of success and proven track records. The revolutionary platform is opening the door for lenders, owners, and equity seekers to form the fastest, most efficient laser-focused connections.
He says, “Our objective is to sign as many lenders as possible to create more access to 1031 buyers’ reinvestment profiles and match them with anyone who has a property to sell. These ‘Must-Buy Investors’ (MBIs) tend to be among the most desirable because they have cash in hand and a short time frame to make a decision which improves the probability of closing a deal. Our entire objective is to bring more liquidity to the marketplace and make it more efficient and transparent. We’re building confidence in people’s ability to find the right Must-Buy Investors and close deals in a timely manner. Everything is in one place.”
Downen’s life philosophy resulted from her father’s sudden death when she was in high school. She recalls, “He was the smartest man – Executive VP of the organization that ran the 1996 Atlanta Olympics. I was traumatized, quitting everything I loved –ballet, cheerleading, singing. But in college, I realized you can’t quit. If you give up, you have zero chance of success.”
The mother of two boys took courses in International Business at Universitat d’Alacant in Spain, earned her BS in Business Management at Guilford College, and her MBA in Global Marketing at the University of Phoenix. Previously she worked in sales and marketing at a California mortgage company and at an architectural metals firm and has been a public school teacher and digital marketer.
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CRE Brokers and Sellers can register and list their properties for no cost on the nxtCRE platform. It’s always free to upload and find suitable matches. For more about becoming a nxtCRE, lending partner and Must-Buy Investor opportunities, contact info@nxtCRE.com / Visit the website www.nxtCRE.com.
By Stan Hurwitz / stanhurwitz@gmail.com
