Mr. McCarthy is a member of the Board of Advisors of LendMetrix, a fintech/proptech startup initially focused on construction loan management with the intention of expanding into other types of real estate loans.
Construction lending is a $1.5 trillion market that’s stuck in the stone age. Banks are managing complex, multi-million-dollar projects using email chains, Excel spreadsheets, and manual document reviews that can take weeks.
LendMetrix is the first AI-powered construction finance platform that automates the entire loan lifecycle – from initial underwriting through final funding.
LendMetrix‘s analytics dashboardshows real-time project progress and risk metrics for developers and lenders to efficiently monitor the state of a project. Modular and customizable, these metrics will allow each party to analyze the current state of the project and make educated, data-driven decisions.
LendMetrix leverages the power of advanced AI natural language processing models to summarize loan documents, allowing lenders, sponsors and developers to quickly understand and curate large document repositories and easily manage access-control permissions so each stakeholder can only access documents relevant to their position in the project.
Reduce processing time by 70% – What takes weeks now happens in days
Eliminate document chase cycles – AI automatically parses, categorizes, and validates all submissions
Minimize human error – Automated compliance checks and budget validation
Improve risk management – Real-time project monitoring and early warning systems