Built

What Built does

Built is an AI-powered financial operations platform for the real estate and construction industries. It connects capital providers, owners & developers, and builders to automate workflows, accelerate the flow of money and information, and unlock insights for smarter decisions. The platform manages hundreds of billions in real estate and construction activity, helping users spend less time on process and more time on progress. Built's AI engine is purpose-built on over $3 trillion in real estate finance data, providing context to understand deals, surface risk, and automate work across the full loan and project lifecycle, from origination to closeout. It offers solutions for construction loan administration, draw management, payments, lien waivers, compliance workflows, and portfolio oversight, as well as commercial real estate (CRE) asset and portfolio management capabilities.

Products

• Lien Waiver Management & PaymentsA free platform to create, send, track, and exchange lien waivers for payments. It offers customized waivers, secure digital payments, real-time status tracking, automated reminders, and a full audit trail. It can be used for lien waivers only or with integrated digital payments.
• Built Deal ManagementA platform for CRE lenders managing stabilized asset portfolios, centralizing lending from origination through portfolio reporting. It uses AI for data extraction from offering memoranda, integrates with Excel for underwriting, and automates asset management and portfolio analytics.
• Built Construction Loan Administration (CLA)A platform for construction lenders managing active draws, providing a single system for draw management, inspections, and compliance from closing through payoff. It includes an AI Draw Agent for policy-based review and risk flagging, and integrates with existing LOS, nCino, Salesforce, and core banking systems.
• Origination Pipeline ManagementA tool to centralize pipeline data, surface high-potential opportunities, and provide insights for faster decision-making in real estate lending. It offers customizable reporting and dashboards, deal tracking, risk mitigation, and seamless data transfer to underwriting.
• Construction FinancialsA solution for owners, developers, and general contractors to manage project finances, including invoice, budget, and draw management. It uses AI for invoice data extraction, tracks spend, forecasts cash flow, and automates draw creation, change order approvals, and budget adjustments.
• Inspections Technology & ServicesA platform to manage construction draw inspections, offering faster turnaround times. It includes onsite inspections with a network of verified inspectors, remote inspections with geolocation-verified photos, and comprehensive inspection reports.
• Built ConnectA native Excel Add-In that allows underwriters to use their existing spreadsheets while pulling live data, comparables, and documents directly from the Built platform, ensuring enterprise-grade data integrity.

Key capabilities

• AI-Powered Efficiency
• Collaboration
• Reporting & Analytics
• Integrations
• Marketplace for goods and services
• Digital Payments
• Easy lien waiver creation & collection
• Secure digital payments with or without lien waiver exchange
• Real-time status tracking across projects
• Automated reminders for lien waivers
• Full audit trail for transactions
• AI-native platform for unified data and automated workflows
• AI-powered OM extraction for origination
• Excel integration for underwriting (Built Connect)
• Automated data extracts and tailored reporting for asset management
• Customizable dashboards for portfolio analytics
• AI Draw Agent for policy-based draw review and risk flagging
• Borrower Portal for real-time visibility and guided submissions
• Unified pipeline reporting
• Pre-built or customizable reporting & dashboards for pipeline insights
• Built-in controls and customizable stage gates for compliance
• AI-powered invoice processing
• Automated draws and capital requests
• Real-time budget tracking
• Compliance and lien waiver collection built into workflow
• Automated document extraction and coding for invoices
• Automated lien waiver process
• Integrated ACH solution for high-volume payments
• Customizable budget and draw templates
• Automated calculation of budget items and collateral values
• Digital collaboration environment
• Customizable user permissions
• State statutory lien waiver template library
• Accounting system sync (QuickBooks Online, QuickBooks Desktop, Xero, Sage 100, Sage 300)
• Procore integration
• Payable-to-waiver automation
• Onsite inspections with nationwide network of verified inspectors
• Remote inspections with mobile app technology
• Comprehensive inspection reports

Use cases

• Fund, develop, build, and manage real estate projects
• Improve draw & budget management
• Actively mitigate portfolio risk
• Take charge of draw inspections
• Access portfolio insights instantly
• Close deals faster
• Streamline underwriting
• Manage assets with ease
• Simplify & speed up portfolio reporting
• Accelerate access to funding
• Modernize accounts payable
• Turn insights into action
• Collect signatures digitally
• Increase visibility down the project chain
• Integrate critical workflows
• Create, send, track, and exchange lien waivers for payments
• Manage origination, underwriting, and portfolio reporting for stabilized CRE portfolios
• Automate draw review, manage inspections, and monitor portfolio risk for active construction draws
• Centralize CRE lending from origination through portfolio reporting
• Review draws against policies and flag exceptions automatically
• Order, track, and manage draw inspections
• Monitor projects proactively to surface exceptions
• Provide borrowers with real-time visibility into draw status and funding timelines
• Centralize pipeline data to surface high-potential opportunities
• Track deal velocity and identify trends
• Manage deals with minimal clicks
• Ensure compliance from day one with built-in controls
• Collaborate across teams for deal management
• Transfer deal data into Excel for underwriting
• Manage deal flow, project financials, and payments for owners & developers
• Track prospective deals and underwriting
• Standardize project evaluation and capital stacks
• Manage development financials with real-time budget tracking
• Process AI-powered invoices and digital payments to vendors
• Generate lender-ready draw packages
• Manage GC and subcontractor commitments
• Handle construction change orders
• Submit invoices and AIA pay apps
• Track lien waivers, COIs, and W-9s
• Process construction payments directly
• Manage job costs, subcontractor pay apps, lien waivers, and payments for general contractors
• Set up job budgets by cost code
• Log prime contract values and change orders
• Create subcontracts and purchase orders tied to budget
• Track compliance documents for subcontractors
• Automate invoice management and approvals
• Process subcontractor pay applications
• Forecast project costs and cash flow
• Reconcile budgets
• Generate owner billing (G702/G703)
• Simplify the draw request process and budget management
• Customize budget and draw templates
• Monitor trends and potential risks at project and portfolio levels
• Provide digital experience for borrowers
• Schedule and manage onsite construction inspections
• Conduct remote inspections using mobile devices
• Review remote inspection results
• Generate comprehensive inspection reports

AI approach

Built is an AI-native platform purpose-built for real estate finance, trained on over $3 trillion in real estate finance data. It uses AI to automate workflows, extract data from documents (like offering memoranda and invoices), identify risks, and provide insights across the lending lifecycle. Specific applications include AI Draw Agent for document review and risk identification, and AI-powered invoice processing.

Tech named: AI, machine learning

Industries served

• Financial Services Technology
• Construction Lending
• CRE Lending
• Renovation Lending
• Builder Finance
• Homebuilder Finance
• Residential Construction Lending
• Commercial Construction Lending
• Digital Lending
• Construction Finance
• Real Estate
• Construction

What it says sets it apart

• AI-powered financial operations platform
• Connects capital providers, owners & developers, and builders on one platform
• Automates workflows and accelerates money flow
• Unlocks insights for smarter decisions
• AI-first by design, built on over $3 trillion in real estate finance data
• Purpose-built AI engine for real estate finance, not a generic LLM
• Transforms every document, draw, and dollar into structured intelligence
• Provides real-time answers and predictive insights
• Streamlines operations across the full loan and project lifecycle
• Manages the entire real estate lifecycle from origination to asset management
• Offers a marketplace for ordering goods and services within workflows
• Not a point tool, but one comprehensive platform for all phases
• Seamless Excel integration (Built Connect) for underwriting
• Automates work that slows CRE teams down, from data entry to report assembly
• Provides a free lien waiver and payment software option
• Maintains a library of state statutory lien waiver templates, always up to date
• Offers a nationwide network of verified inspectors
• Average 85% faster funding
• Average 98% faster insights
• Average 60% less admin work
• Average 1.4 day draw turnaround time for customers
• Average 2.5 days or less for inspection turnaround
• Supports complex capital stacks and multi-phase projects
• AI auto-codes invoices to the right budget line
• Collects and stores compliance documents automatically, blocking payments until requirements are met