Tim Milazzo is the co-founder and CEO of StackSource, a tech-enabled commercial financing platform. Tim did not think he would be a full-time real estate professional because he did not immediately pursue a career in real estate after graduating from college. Back in college, Tim had his internship at CBRE, one of the world’s largest commercial real estate services firms. That experience exposed him to real estate developers who had put towers up in New York City.
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Tim was working for tech giants like Google and Facebook when he saw the opportunity in real estate tech to bring a different harnessing of information through tech and software. That got him back to the path of real estate. Eventually, he left his job and decided to put up his own tech company, StackSource. In this episode, Tim will share how they started this company, their vision, services, and plans for a more efficient commercial real estate financing. Plus, he’ll share how he quit coffee and conquered new plateaus!
Key Points From This Episode:
- Before StackSource, Tim worked for Facebook and Google in advertising technology.
- After working with these tech giants, Tim shares what got him back into real estate.
- StackSource’s vision is to bring transparency to commercial real estate finance through technology.
- They started their business by looking at how much they can automate the processes for commercial financing.
- They also analyzed the automated ones to see what services they need to provide and where humans need to step back into the process.
- Their tech can help their clients find the best available loan in the market.
- Tim talks about how they got enough lenders on their platform.
- Tim shares how they attract borrowers.
- When did Tim decide to hire a team for this start-up business?
- Tim talks about opportunities in the debt market right now.
“My eyes were opened to, hey, the possibilities in what’s going to happen in real estate tech – the harnessing of information, being able to collaborate online and instantly and everything that can be done with software – this intersection is going to bear a lot of fruit and there’s a lot of opportunities to do it.” [00:06:21]
“We learned that lenders, what they really like is good deal flow rather than talking about the ideas of technology and how it’s going to be more efficient.” [00:11:46]
“If you have a side hustle, you have an idea and you’re going after it, as long as you’re taking real action toward it that makes you an entrepreneur.” [00:14:35]
“If you’re not investing in yourself and your skills, you’re going to provide leadership, it just may not be good leadership. [00:17:15]
Links Mentioned in Today’s Episode:
About Tim Milazzo
Tim is the co-founder & CEO of StackSource. He identified the market opportunity for a tech-enabled commercial real estate financing platform, recruited Nathan as a co-founder, and built the company. Prior to StackSource, Tim worked for tech giants Facebook and Google where he helped expand B2B marketplaces in ad tech. Years ago, he interned at a top NYC real estate company before the current real estate tech wave. He comes from a family with a history in real estate.
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