By CultureBanx Team
When founder Curvin Letham wanted to better understand how communities were reshaped through revitalization he launched AreaProbe. It’s an on-demand real estate analytics company that provides decision research to financial institutions, private equity groups and real estate developers. It wasn’t just Letham who was seeking this information “companies wanted to understand the supply of real estate, along with demographics, income and rent prices,” he said. The platform helps clients understand what people can afford in certain areas along with the landscape of a community. Specifically AreaProbe helps with housing, retail, office space and healthcare facilities. “Based off what you want to build in a given area the AreaProbe decision model will give you an answer on whether or not it’s feasible,” Letham said. The company is getting ready to expand to South America and Europe, while also launching a new financial platform called “AreaProbe Capital” to match borrowers with lenders for commercial real estate deals.
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