Women Founders of Megalytics and Otso Partner to Maximize
CHICAGO, March 23, 2022 (GLOBE NEWSWIRE) — CRETech’s leading tenant and market due diligence innovator, Megalytics, has partnered with commercial real estate fintech services company, Otso, to provide a real-time risk management, insight into market data, and additional tenant default protection for landlords while minimizing cash outlays for tenants.
The status quo for tenant default protection in commercial real estate is forcing companies to tie up a significant amount of working capital to lease space, but landlords are still left with high capital exposure and limited knowledge of the financial situation of the tenants during the term of the lease. The combination of offerings from Megalytics and Otso provides landlords with a comprehensive and powerful package to maximize protection against tenant default while increasing the value of their assets through in-depth, real-time quality and performance assessment. of their tenants. With Otso, tenants can also keep their working capital usually tied up in deposits or letters of credit. It’s a win-win for both parties.
Historically, technology companies in commercial real estate have not been collaborative, but Otso co-founder Marissa Limsiaco envisions a different approach to becoming leaders of change. She explains, “We see this partnership as an opportunity to deliver more value to our existing customers and Megalytics aligns perfectly with our mission and value proposition. I am also particularly honored to be associated with another founding woman in our industry.
Megalytics Founder Donna Salvatore is delighted to be working with Otso and says, “Our clients are always concerned about getting the right level of security on any commercial lease and what options might be available in the industry to secure a minimal cost. We look forward to forging this new partnership in the industry and seeing how we can further deliver value and reduce risk for our customers.”
To receive more information on how commercial landlords and asset managers use critical data-driven analytics to reduce tenant risk and asset value appreciation, contact Marissa Limsiaco at [email protected] .io or Donna Salvatore at [email protected]
Otso provides protection for every instance of tenant default in commercial real estate leases. Otso’s proprietary technology is the first to use a company’s full credit and cash history for underwriting decisions and every policy is backed by A-rated insurance. Otso is available nationwide for commercial real estate offices, retail and industrial/flex properties.
Megalytics is one of CRETech’s leading tenant and market due diligence innovators, delivering actionable insights based on real-time data that reduce risk and maximize economic outcomes for property owners and operators. business throughout the life cycle of the investment. It applies proprietary scoring algorithms, machine learning and artificial intelligence to over 200 standard and non-traditional data sources, large and small, to deliver fully automated SaaS services and technology risk and strategic market assessments tenants.
Image 1: Otso Corp.
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