Biproxi is an innovative online platform designed to revolutionize the middle market of commercial real estate by providing a comprehensive, end-to-end solution for brokers, buyers, sellers, and tenants. Here’s an overview of what the product does and its key features:
What Biproxi Does
Biproxi is a commercial real estate transaction platform that streamlines the entire lifecycle of a real estate deal, from listing to closing. It focuses on the middle market, which includes sales transactions under $25 million and leases under 50,000 square feet, a segment that accounts for roughly 70% of annual U.S. commercial real estate (CRE) transaction volume.
Key Features and Functionality
Free Listing and Discovery Process
Biproxi offers a free national listing site, allowing brokers to list properties without any subscription fees. This includes over 40,000 sale and lease listings, providing detailed dashboards to help brokers market their properties effectively.
Analytics-Driven Marketing Tools
The platform uses advanced analytics to aid in the listing process and offers marketing services at significantly lower fees than competitors. This includes professional photography, drone videography, and other customized marketing solutions to enhance brokers’ marketing efforts.
Proprietary Technology and Data Access
Biproxi leverages proprietary technology to pre-verify listings, ensuring that potential buyers and tenants only access legitimate offerings. The platform provides access to detailed property data, historical sales data, assessed property values, and financing history for over 32 million off-market commercial properties.
Biproxi Off Market
This feature is a first-of-its-kind algorithmic-based data platform that offers instant property and valuation data on off-market commercial properties. This tool is particularly valuable for brokers, buyers, and tenants looking to explore a broader range of potential properties.
Secure Due Diligence Vaults
Biproxi provides gated due diligence vaults with lead management capabilities, allowing brokers to showcase due diligence materials securely and confidentially. This enhances transparency and trust in the transaction process.
Integrated Transaction Platform
The platform enables users to discover new listings, make offers, and close deals entirely online. It pre-qualifies buyers and intelligently identifies targeted investors for a given property, ensuring a more efficient and transparent transaction process.
Capital Network
Biproxi Capital Network connects users with over $2 trillion of commercial real estate institutional investors, operators, and developers, facilitating better access to capital and partnerships.
Cost-Effective and Transparent
Biproxi’s fee structure is significantly more broker-friendly than competing platforms. The platform reduces marketing costs by up to 75% and eliminates the need for expensive data subscriptions, making it a cost-effective solution for CRE professionals.
In summary, Biproxi is a transformative platform that simplifies and streamlines commercial real estate transactions by providing free listings, advanced analytics, secure due diligence tools, and a comprehensive capital network, all within a single, integrated platform.
