Albert Lojko, CEO of Lightbox, shares insights on how AI is revolutionizing the commercial real estate (CRE) sector by organizing and digitizing fragmented data. He discusses how technology streamlines transactions and enhances collaboration, making life easier for brokers and investors. Hear about innovative solutions for automating appraisals and document generation, as well as the importance of data integrity amidst the rapid advancement of AI. Lojko emphasizes the need for integrated systems to optimize decision-making in a competitive landscape.
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insights INSIGHT
Lightbox's Origin
Lightbox was founded on the observation that commercial real estate was underserved by technology compared to financial services.
It aimed to digitize and modernize CRE by organizing fragmented data locked in PDFs and emails.
question_answer ANECDOTE
Early Career in FinTech
Albert Lojko started his career in FinTech at The Carson Group, even before the term "FinTech" was coined.
He spent five years in Europe, building the business in Brussels and London, later acquired by Thompson Financial.
insights INSIGHT
CRE Tech Landscape in 2018
In 2018, the CRE tech market was fragmented, with strong players in specific niches like RCM.
Lightbox aimed to consolidate this fragmented landscape by acquiring leading companies.
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Season 2, Episode 8: In this episode of the No Cap Podcast, hosts Jack Stone and Alex Gornik sit down with Albert Lojko, President of Lightbox, a company revolutionizing commercial real estate (CRE) by organizing and digitizing fragmented data. Albert discusses how Lightbox is streamlining transactions, enhancing collaboration, and automating key processes, including appraisals and document generation, using AI to improve efficiency and reduce errors.
Learn how Lightbox is transforming the CRE industry and how their platform is helping brokers, investors, and lenders make smarter, faster decisions together.
CHAPTERS:
00:00 – Introduction
06:38 – Innovating the CRE Market
12:13 – Data Platforms in Transactions
19:45 – AI & Human Expertise for Accuracy
25:07 – AI’s Role in Data and Docs
29:24 – Automating Appraisals
36:44 – Lightbox ID & Innovation
41:59 – The Future of Appraisers
We want to thank our sponsor Greysteel.
For more episodes of No Cap by CRE Daily visit https://www.credaily.com/podcast/
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About No Cap Podcast
Commercial real estate is a $20 trillion industry and a force that shapes America’s economic fabric and culture. No Cap by CRE Daily is the commercial real estate podcast that gives you an unfiltered ”No Cap” look into the industry’s biggest trends and the money game behind them. Each week co-hosts Jack Stone and Alex Gornik break down the latest headlines with some of the most influential and entertaining figures in commercial real estate.
About CRE Daily
CRE Daily is a digital media company covering the business of commercial real estate. Our mission is to empower professionals with the knowledge they need to make smarter decisions and do more business. We do this through our flagship newsletter (CRE Daily) which is read by 65,000+ investors, developers, brokers, and business leaders across the country. Our smart brevity format combined with need-to-know trends has made us one of the fastest growing media brands in commercial real estate.
No Cap by CRE Daily