We call credit and investment opportunities Deals. Creating a new Deal in Blooma is easy. There are two available options to create a new Deal in the system: "Intelligent Deal Creation" and "Manual Deal Creation". To create a new deal utilizing either of these methods, users will first navigate to the homepage and select the "Create New Deal" icon on the top right of the page.
Intelligent Deal Creation
Once the "Create New Deal" modal has opened, select the "Intelligent Deal Creation" icon on the top left of the Pop up. You then must input Deal Name, Deal Address, Asset Type, and Loan type, along with one or more of the following document types: Offering Memorandum or Executive Summary, Rent Roll, or Profit & Loss Statement.
Once uploaded, Blooma's Intelligent AI will parse the data from the uploaded documents, and create the deal on your behalf. The AI can take up to 2 hours to process the documents, but will parse all the appropriate data from the uploaded files and ensure the data populated is accurate. This deal will not be visible on the deal pipeline or available to you until the Intelligent AI has completed it’s work. Once the deal has been created in your system, you will receive an email notification letting you know your deal is ready for your review, and the deal will be added to your new deal pipeline.
Note that with automated deal creation, the AI can only process a single collateral with a single asset type. Once the deal is available for user review, users can create additional collateral properties or add components to a mixed-use collateral property (multi-component).
Manual Deal Creation
You can also create new deals in the system by manually completing data fields in the new deal creation wizard. This will likely occur if you've received a brief email or phone-call with the request and address specifics, but have not received a full Offering Memorandum or Executive Summary. Following the same initial process as above, first select the "Create New Deal" icon on the top right of the deal pipeline. The following modal will open, and fill in the three data fields required, and select "Continue".
Once the "Create New Deal" modal has opened you are able to add a loan amount, term, and unit mix. Please note that these fields are not "Required fields". Additionally, Blooma will attempt to automatically populate the unit mix if data is available. Once you click "Create", you will be taken directly to the new Deal Summary page where it will take up to 5 mins to complete pulling all appropriate data into the deal.