Built Technologies
Built helps construction lenders automate loan processing and reduce operational costs.
Built Technologies provides cloud-based construction lending software that automates manual workflows and centralizes loan administration for banks and financial institutions. The platform enables same-day draw request processing, reduces back-office staff by 80%, and delivers measurable ROI—one early client saw $2.5M in value creation from a $50K annual subscription. Built serves over 150 leading U.S. construction lenders, including U.S. Bank, Fifth Third Bank, and Citizens Bank, making it the market leader used by nearly half of the top 100 construction lenders.
Problem solved
Construction lenders spend excessive time and staff managing manual, paper-based loan workflows, taking 5+ days to process draw requests and requiring 11+ back-office staff per institution.
Target customer
Mid to large-sized commercial banks and construction lenders with significant construction loan portfolios and multi-branch operations.
Founders
C
Chase Gilbert
CEO
Co-founded Built in 2014 after experiencing operational inefficiencies in real estate development and commercial real estate finance.
A
Andrew Sohr
Co-founder
Limited public background information available.
Funding history
Series A
$21M
November 2017
Led by Index Ventures
· Nyca Partners
Series B
Unknown
2019
Led by Unknown
· Unknown
Series C
$88M
February 2021
Led by Addition (Lee Fixel)
· Canapi Ventures, Index Ventures, Goldman Sachs Investment Partners, Nyca Partners, Fifth Wall Ventures, Nine Four Ventures
Series D
$125M
September 2021
Led by Unknown
· Addition, Index Ventures, Canapi Ventures, GreenPoint Partners, Nine Four Ventures, Fifth Wall, Goldman Sachs, Nyca Partners
Series D Extension
Unknown
April 2023
Led by Unknown
· Unknown
Total raised:
$289.1M
Industries
Pricing
Subscription/licensing model for cloud-based software. Revenue also generated through implementation, customization services, third-party integrations (QuickBooks, DocuSign), and potential transaction-based fees. Specific pricing not publicly available; one case study noted $50K annual subscription.
Notable customers
U.S. Bank Housing Capital Company, Fifth Third Bank, Citizens Bank, Regions Bank, Pinnacle Financial Partners, Franklin Synergy Bank, Renasant Bank, and 150+ leading U.S. construction lenders
Integrations
QuickBooks, DocuSign, and other third-party software providers
Website
Competitors
Handle
Competitor with recent funding (February 2024) focused on construction lending automation.
Cloudvirga
Broader mortgage and construction lending platform with different feature emphasis.
Rabbet
Construction financing platform with different workflow automation approach.
Briq
Construction software competitor with different positioning in the market.
Banyan
Alternative construction lending technology provider.
Why this matters: Built achieved rare fintech scale ($289.1M raised, nearly $1.5B valuation) by solving a massive operational pain point in construction lending—legacy manual processes that cost banks millions. The company's 80% staff reduction and same-day processing claims represent material business impact, making it the category leader and acquisition target for major financial institutions.
Best for: Mid to large commercial banks and construction lenders seeking to streamline loan administration, reduce staff overhead, and accelerate draw request processing without major infrastructure overhauls.
Use cases
Streamlining Draw Request Processing
Banks using Built reduced draw request turnaround from 5+ business days to same-day processing. This eliminates borrower friction and improves competitive positioning while reducing manual data entry errors.
Reducing Back-Office Headcount
Financial institutions decreased back-office staff by 80% through workflow automation and centralized loan management. One client reduced 11+ dedicated staff members significantly, reallocating resources to growth initiatives.
Creating Uniform Processes Across Branches
Multi-branch lenders achieve standardized construction loan procedures across locations, eliminating gaps in compliance, risk management, and customer experience regardless of geography or individual loan officer variance.
Alternatives
Handle
Newer competitor with recent funding momentum; choose if seeking alternative innovation in construction lending automation.
Cloudvirga
Broader mortgage platform offering; choose if you need combined mortgage and construction lending solutions.
Rabbet
Alternative construction financing platform; choose if seeking different workflow approach or pricing model.
FAQ
What does Built Technologies do? +
Built provides cloud-based construction lending software that automates loan administration, draw management, compliance tracking, and payments. The platform centralizes critical loan information, enabling banks to process draw requests same-day instead of 5+ days while reducing back-office staff by up to 80%.
How much does Built Technologies cost? +
Built uses a subscription/licensing model with pricing based on institution size and feature usage. One documented case study showed $50K annual cost generating $2.5M in value. Contact Built for specific pricing based on your institution's portfolio size and requirements.
What are alternatives to Built Technologies? +
Key alternatives include Handle (newer competitor), Cloudvirga (broader mortgage+construction platform), Rabbet (construction financing platform), Briq, and Banyan. Handle is notable for recent funding momentum in the space.
Who uses Built Technologies? +
Over 150 leading U.S. construction lenders use Built, including U.S. Bank Housing Capital Company, Fifth Third Bank, Citizens Bank, Regions Bank, and Pinnacle Financial Partners. Built serves nearly half of the top 100 construction lenders nationally.
How does Built compare to Handle? +
Both serve the construction lending market, but Built is the established market leader used by half of the top 100 U.S. construction lenders with $289.1M raised since 2014. Handle is a newer competitor with recent funding (February 2024) and may offer alternative feature sets or pricing approaches.
Tags
construction lending
loan automation
financial services software
back-office efficiency
draw management
compliance automation
SaaS