Capitalize.io is built to answer one question CRE brokers usually can’t answer with any confidence: who is actually writing loans in your market right now, at what terms, for what property type. It’s an AI lending platform for commercial real estate finance, and it’s meant for brokers, borrowers, and lenders chasing debt on a deal instead of guessing off a bank’s marketing page. We sat down with co-founder Luke Morris on our podcast.
Who’s behind it
Morris co-founded Crexi, the marketplace that built a real challenger to CoStar in commercial real estate listings and data. He left after roughly a decade there to start Capitalize.io with co-founder Soren Craig, launching publicly in January 2025. The Real Deal and Pulse2 reported a $4 million seed round backed by Lerer Hippeau, Sway Ventures, FJ Labs and Treasury, the same investors who backed Crexi. That’s not a small detail. It means the people who funded his last company, which he built into a business doing hundreds of millions in revenue, funded this one too.
Morris’s stated reason for starting now: private capital is filling the gap banks left behind, and roughly $3 trillion in commercial mortgages is set to mature in the next several years. He calls Capitalize.io “acyclical,” useful whether the market’s hot or cold, unlike a lot of proptech that only makes sense in a boom.
What it actually does
The core function is data aggregation and matching. Capitalize.io pulls mortgage records, CMBS data, and Fannie Mae, Freddie Mac and Ginnie Mae filings, most of it unstructured or semi-structured, and turns it into lender profiles: who’s active, how many loans they’ve closed, who the contacts are. In August 2025 the company announced what it calls the industry’s first AI agents built specifically for CRE finance, reading loan documents, mortgage records, PDFs and public filings to build borrower profiles and match brokers to lenders. Morris told us the company builds these agents itself instead of hiring people to manually check lender websites and county records. He compared it to training a new hire, just faster and running around the clock.
The pitch that matters most, in Morris’s words: a bank’s own marketing states what property types and markets it lends in. Capitalize.io says it shows where a lender is actually deploying capital, based on recent closed loans, not stated intent. On the call, Morris used a broad example, a national bank saying it lends “all property types, all markets” when its actual originations tell a narrower story.
There’s also a lead-generation layer. The company flags loans nearing maturity and liens tied to a specific property, then pairs that with borrower contact information it says it’s compiled from county and public filings. Morris frames this as a “warm lead” for a broker working a market. One subscriber, George Smith Partners, told The Real Deal it logs into the platform daily specifically for that kind of property-owner contact lookup.
Capitalize.io also has a Chrome extension. Morris demoed it for us: it recognizes a property address on any page, whether that’s a competitor’s listing site or a broker’s own CRM, and opens a panel showing whatever the platform has on that asset without navigating away.
The numbers the company claims
Capitalize.io says its AI agents are seven times more accurate at identifying relevant contact information than conventional databases, and cut lookup tasks from hours to seconds. The company also says it runs its agents on a mix of frontier models, listing OpenAI, Gemini, Mistral, Llama, Claude and Grok, continuously retrained on broker feedback.
Pricing
This is public and it’s specific, which is more than we can say for most tools we look at. The Solo plan runs $399 a month per seat: up to 600 borrower downloads a month, access to the full lender database, unlimited lender contact downloads, and real-time market alerts. It comes with a free trial. The Teams plan is priced at $149 a month per seat, with volume discounts up to 50% off at scale, plus a free admin seat, white-label branding, and a dedicated support manager. Teams access requires reaching out for a 3-day trial rather than a self-serve signup.
Where this leaves it
Capitalize.io is a real product built by someone with a track record in this exact market, backed by investors who already made money on his last one, with a subscriber list that includes recognizable CRE finance shops. The pricing is public and the funding history checks out.
Morris also told us equity-side matching, pairing LPs to deals the way the platform matches lenders now, is on the roadmap but not live. He called it “trickier” than debt data since most LP and GP activity isn’t public the way lender originations are, and getting investors to opt in and share their own data takes a different pitch than scraping county records.
If you’re already running Capitalize.io on a live deal or want us to put it through a real test, tell us inside the AI for CRE Collective. We track tools like this every week so members don’t have to chase down what’s real and what’s just the pitch. Join the Community here.
