Breaking News Stories

Regions Bank introduces online platform for real estate clients to accelerate construction financing

A new digital borrower portal has been launched by a regional bank, aiming to streamline construction draw requests and enhance collaboration among project stakeholders, the company announced on Monday.

This portal integrates real estate and construction finance platforms.

The bank states that this cloud-based system connects lenders, investors, inspectors, and other stakeholders, making it easier for clients to make informed decisions in commercial real estate, income real estate finance, and affordable housing sectors.

Clients are able to access a centralized hub where they can manage project finances, upload necessary documents, send draw requests, and track funding in real-time.

Key features include:

  • Construction Management Support: Clients can directly connect with third parties and bank representatives to access real-time information on projects and loans.
  • Improved Project Communication: Immediate email notifications throughout the life of a project, including updates on funded draw requests and uploaded inspection reports, assist in meeting capital needs and minimizing fraud risk.

“As real estate developers face tighter timelines, this portal is aimed at enhancing the customer experience and ensuring projects stay on time and within budget,” noted Andy Hassion, who oversees real estate banking at the institution.

He added, “This digital solution aligns with our local strategy to improve banking experiences and foster innovation through technology. We’re excited to roll out this service and look forward to serving our clients as well as attracting new ones to our real estate banking approach.”

The bank claims to be the first to implement such a portal, building upon similar solutions from its HomeBuilder Finance team, which assisted in the design and testing of the new platform.

“Navigating construction can be challenging for owners and developers. We want to facilitate easy access to funds while managing risks effectively,” said a bank representative. “Local banks set the standard, and we take pride in strengthening the relationship between lenders and borrowers.”

Initial users include Palladium USA, based in Dallas, which is utilizing the portal for the Palladium Buckner Station, a multi-family project expected to open in early 2027.

Cody J. Hunt, Executive Director of Finance and Accounting at Palladium, commented, “Developers are always looking for partners that share their drive for innovation and help them stay competitive.”

He stated, “This new digital portal from the bank enhances our processes significantly. From the very beginning, it will provide a seamless experience, enabling quick visibility and control over the project and funds.”