Plum, Inc.

About

Plum, Inc. provides specialized commercial real estate financing solutions with a focus on flexible loan products tailored to high-quality borrowers in the market.Founded in 2014 and headquartered in San Francisco, US, Plum, Inc. specializes in commercial real estate financing, offering tailored loan products for investors and developers. The company has executed 4 deals with its most recent funding round occurring in April 2020, raising USD 2 mn led by Resolute Capital Partners, alongside investments from Elliott Associates and SoftBank Group. Bill Fisher serves as both the founder and CEO of the company.Plum Lending specializes in commercial real estate (CRE) financing solutions, offering substantial loan amounts with tailored terms for high-quality borrowers. Their core offerings include a USD 9.750 mn loan with a 25-year term, a USD 12.900 mn loan structured with a 20-year fixed rate and 25-year amortization, and a USD 3 mn loan for a 3-year term. Targeting commercial property investors, developers, and real estate investment trusts (REITs), Plum Lending serves clients across the United States, positioning itself as a partner for investment opportunities in retail, self-storage, and other commercial real estate sectors.Plum Lending generates revenue through its commercial real estate loan transactions, structured primarily for institutional investors and commercial property owners. Their revenue model is based on origination fees and interest from loans, which include features such as interest-only periods and fixed-rate pricing. With flagship products targeting varying loan sizes, Plum Lending aims to meet the diverse financial needs of its clients while fostering long-term relationships in the CRE market.Following their most recent funding round in April 2020, Plum, Inc. plans to utilize the USD 2 mn raised to enhance its product offerings and expand into new markets. The company is exploring opportunities for launching new loan products aimed at increasing accessibility for a wider range of borrowers. They are particularly focused on entering emerging markets in the southeastern US region by the end of 2022, aiming to drive growth through strategic geographic expansion and product diversification.