Case Study: Silverstein Capital Partners closes a $528 million construction loan with ProDeal

Silverstein Capital Partners closes $528 million Hawaii construction loan with ProDeal

Silverstein Capital Partners, a real estate lending enterprise, faced the challenge of managing due diligence for a complex $528 million construction loan in Hawaii. Using traditional methods like email would have been inefficient and slow for a deal involving a borrower and many third parties over a twelve-month closing period. They turned to ProDeal for a more streamlined solution to track and intake due diligence in one centralized location.

By implementing ProDeal, SCP created a virtual data room to send a checklist of requirements and immediately began receiving documents. The result was a more organized and accountable process for all parties, which was essential for closing the large deal in a timely manner. The ProDeal solution provided industry-specific functionality that generic platforms like Dropbox or Box lacked, and its value will extend into the ongoing construction phase of the project.

Silverstein Capital Partners