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August 2023 » thefivestar.com 27 August 2023 I N D U S T R Y U P D A T E pleased to collaborate with CubiCasa and provide our subscribers with a user-friendly floor plan solution. With CubiCasa's innova- tive technology, our agents can effortlessly enhance their listings with floor plans via a five-minute smartphone scan." CubiCasa's MLS Program offers partici- pating members a range of exclusive benefits, including access to free floor plans generated by the CubiCasa app, discounted rates on optional add-on features, and a directory of trusted real estate photographers currently utilizing CubiCasa. Additionally, MLSs gain access to reliable and digitized property information, reinforcing their position as a central hub for local real estate markets. "The idea behind CubiCasa's MLS Partner- ship Program is to provide benefits to MLS or- ganizations and make home buying a simpler and more efficient experience," said Jeff Allen, President of CubiCasa. "By providing MLSs with free floor plans, discounted rates on add- ons, and access to real estate photographers across the nation already using CubiCasa, we're creating a more holistic real estate ecosys- tem for agents and buyers alike." Real estate agents and professionals can download the CubiCasa app from the App Store and Google Play Store. LENDINVEST FOUNDER LAUNCHES F2 FINANCE T he co-founder of LendInvest has an- nounced the launch of F2 Finance, a real estate private lending business— the first venture introduced by new fintech investment firm Faes & Co. F2 Finance part- nered with best-in-breed technology partners to build a scalable platform to lend into the "fix & flip" short-term property market in the United States, which is estimated to be worth as much as $68 billion a year. F2 Finance has been lending since April 2023, working with a select group of introduc- ers, and while currently focused on markets in California, Texas, and Florida, F2 Finance is now launching to the wider market with the goal of becoming a nationwide bridging lender. Entrepreneur Christian Faes, who moved to the United States to set up Faes & Co, co-founded LendInvest out of the financial crisis in 2008 and built it into one of the largest nonbank mortgage lenders in the UK. The company was listed on the London Stock Exchange in 2021, and Faes remains a major shareholder and chairman. LendInvest has approximately £3.7 billion in funds under management and funding from numerous institutions, including J.P. Morgan, Citibank, and Wells Fargo. "We're looking forward to the chal- lenge of building and scaling a short-term mortgage lender in the U.S.," Faes said. "It's a very large market going through a period of significant disruption, and we believe there's the opportunity for us to make a sizable impact here. With this, we will be launching a portfolio of unique and innovative products that sit outside the usual credit box and con- straints that most of the market conforms to." CARRINGTON MORTGAGE SERVICES OFFERS 40-YEAR LOANS AND TEMPORARY BUYDOWNS C arrington Mortgage Services, LLC (CMS), one of the nation's largest pri- vately held nonbank lenders, boasts a slate of loan offerings and services direct to consumers, investors, mortgage brokers, and mortgage bankers nationwide. To improve affordability for homebuyers, CMS has ex- panded its offerings to include 40-year loans and temporary buydowns. Rising interest rates, decades-long home "When residents have safe, stable, and affordable housing, that allows them to focus on all the other aspects of their lives and it creates stronger communities— that's what these funds will help us do." —Muriel Bowser, D.C. Mayor