Mark Austin and Greg Bartlett are the founders of Cashwerkz, an ASX listed cash and fixed interest marketplace with 43 banks and over $2 billion under management.
Although still major shareholders in the Cashwerkz business, they have started a new business – Lendhaus, with some industry veterans, to tackle the increasingly complex and expensive world of commercial real estate financing.
Commercial real estate is a very large, conservative industry that is still largely based on a “relationship” model with manual transactions, very slow transactions and high costs. Almost every other sector of finance has been “disrupted” over many years by more efficient marketplace plays, but to date, this hasn’t happened in this industry.
We’ve brought together a strong and experienced team with very deep industry knowledge, and an experienced EU based development team, and we’re determined to fundamentally improve the commercial real estate finance industry and make it easier for all players in the market.