StackSource

StackSource is a New York City-headquartered commercial real estate capital markets platform that connects borrowers, brokers and investors with lenders for commercial mortgage financing. The platform tracks the loan programs of hundreds of active lenders and lets a user post a deal once, after which an algorithm notifies only lenders whose stated criteria — geography, asset type, loan size and other variables — match the deal. Lenders define their lending parameters and receive filtered, structured deal submissions; investors and brokers receive real-time feedback, questions and offers from verified lenders.

Alongside matching, StackSource provides a data layer built from its pool of loan quote and transaction data, including daily rate updates across lender types and loan products, lender behavior trends, rate benchmarks and recent-deal tracking surfaced in a user dashboard. Historically the company paired the technology platform with human Capital Advisors who guided borrowers from submission to close, on the basis that commercial mortgages are not as commoditized as residential loans. Earlier product work included a free Chrome browser extension that applied StackSource loan quote data to commercial property listings across the web so investors could analyze acquisition opportunities.

In April 2024, Commercial Observer reported that StackSource, after struggling financially in a turbulent CRE credit market, entered a merger and acquisition agreement with Los Angeles-based Max Benjamin Partners, with no payout to holders of common equity, including the employee stock pool, and with founder equity also wiped out. The stacksource.com marketplace remains online, presented as a lending marketplace in free early access with a 2025 copyright notice.

Founding story

Co-founder and CEO Tim Milazzo was exposed to commercial real estate through his father, a commercial real estate broker in New York City. He studied finance in college and interned at a large real estate firm, then worked in advertising technology at Google and later Facebook before returning to commercial real estate, seeing an opportunity for online technology to help investors find the best financing for a property without tracking hundreds of lenders' programs themselves.

Business model

StackSource operates a two-sided marketplace between commercial real estate capital seekers (investors, developers, brokers) and lenders, layering market data and advisory services on top of lender matching. Historically it functioned as a commercial mortgage advisory/brokerage arranging financing deals for property investors, supported by a fleet of experienced Capital Advisors who worked deals from submission to close.

The current platform is advertised as 100 percent free during early access. The company previously operated a commercial mortgage financing/advisory service in which Capital Advisors arranged loans for borrowers.

Traction

The company reported doubling its market share in 2020 and had closed approximately $1 billion in financing deals in about three years as of August 2022. Named transactions include $60.8 million of acquisition financing for Impex Capital Group and Bridge Investment Group's purchase of The Harmony Apartments in Arlington, Texas, and $32.6 million of construction financing for GoodNeighbor Properties for a mixed-use property in Alexandria, Minnesota.

Latest developments

In April 2024 StackSource entered a merger and acquisition agreement with Los Angeles-based Max Benjamin Partners after an investment offer fell through, several capital advisers departed and attempts to secure bridge funding failed; the deal produced no payout for common shareholders, the employee stock pool or founders. The stacksource.com marketplace continues to be offered to brokers, lenders and investors free of charge during an early-access period, carrying a 2025 copyright.