Construction Lending Includes Multiple Moving Parts

Built Technologies, Inc. pic
Built Technologies, Inc.
Image: getbuilt.com

Nashville, Tennessee-based entrepreneur Scott Sohr is involved with several companies focused on real estate, finance, and technology. As chairman of Built Technologies, Inc., Scott Sohr heads a pioneering effort to create a construction-lending technology platform that connects long-term lenders and borrowers in the construction industry.

Construction lending allows borrowers to finance future construction projects. The complex process involves borrowers who research potential construction locations, secure legal build permissions and documents, acquire tenants, and finalize contracts; as well as those processing the build and tenant information, plus a mortgage broker and lender. The broker and lender manage negotiations and collaborate to secure the construction funding. They determine and finalize the loan amount, interest rate, amortization schedule, and other details.

With so many moving parts, utilizing an innovative software program to gather, organize and maintain all information related to acquiring a construction loan is valuable to all parties involved. Such technology helps to streamline and simplify the lending process by providing a single platform where all steps are listed and all parties can collaborate in real time.

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Creating Startup Teams That Remove Barriers to Success

Scott Sohr
Scott Sohr
Image: sts.ventures

As president of STS Ventures, Scott Sohr leads the Nashville-headquartered company that creates dynamic, growth-focused startups. Over the years, Scott Sohr has contributed to the successful launch of 13 enterprises that represent in excess of $2.4 billion in collective revenue and span industries such as health care, fintech, and construction.

One aspect of building a dynamic, results-driven enterprise that Mr. Sohr emphasizes centers on the importance of nurturing creative input and focused teamwork. As he puts it, organizational leadership must remove barriers to success to the fullest extent possible.

Common reasons for lack of motivation among team members include being thrust into positions for which they are not qualified or ideally suited. Building a team requires a careful assessment of individuals’ skills, temperaments, and the types of workflow that can be comfortably handled by them without them feeling that they are in past their depth. At the same time, the limited resources inherent in startups must be allocated in ways that maximize efforts and do not result in overlapping duties or competing priorities. The single most critical aspect of removing barriers that Mr. Sohr identifies involves encouraging healthy communication, which drives employee engagement and makes each member feel that he or she is a valued member of the team.

Arrington Retreat – Small-Town Living with Big-City Amenities

Arrington Retreat pic
Arrington Retreat
Image: arringtonretreat.com

Scott Sohr has spent the past several years building a successful career in several industries. The cofounder of Health Cost Solutions, Scott Sohr has played a role in the development and success of more than a dozen companies with collective revenues of over $2.4 billion.

Much of this success has been accomplished through STS Ventures, an incubator that Scott Sohr leads as president. One of the many ventures supported by STS Ventures is Arrington Retreat.

Consisting of more than 283 acres of land in Middle Tennessee, Arrington Retreat is a residential community that combines the comfort of country living with the convenience of city living. The community features trees, meadows, and rolling hills, and is home to Arrington Creek, a large stream with fishing opportunities.

Arrington Retreat is also located near Arrington Vineyards, which hosts many events during the year, including balloon rides and Music in the Vines. The free, live music performances of Music in the Vines take place every weekend from April through October.

Arrington Retreat is designed to have a timeless feel. Award-winning builders RiverBirch Homes and Drees Homes will construct more than 200 diverse houses that range in price from around $290,000 to $450,000.

The houses will offer amenities that modern homeowners look for, including walking trails, community gardens, and a resort-style swimming pool. Located at the crossroads of Franklin, Murfreesboro, and Nashville, Arrington Retreat also plans on selling custom home sites and land lots.

NTC Awards Celebrate Technological Innovation in Nashville

Nashville Technology Council pic
Nashville Technology Council
Image: technologycouncil.com

Startup entrepreneur Scott Sohr brings more than 15 years of startup business experience to his position as the president of STS Ventures in Nashville, Tennessee. Startup businesses to which Scott Sohr’s company has provided incubation services include Built Technologies, an enterprise technology firm that develops collaboration and administration software. Built Technologies received a Growth Stage Company of the Year Award during the Nashville Technology Council’s (NTC) 8th Annual NTC Awards in 2017.

The NTC Awards celebrates technological innovation through the recognition of the region’s most prominent tech leaders and their contributions to Nashville’s technology community. Recipients include companies, developers, teams, and community volunteers that make the city a destination for technological creativity and innovation. Furthermore, their technological innovations contribute to the growth and prosperity of Middle Tennessee.

Awards are distributed in 14 categories that incorporate commendations for individuals, teams, and companies. Individual awards include Data Scientist of the Year and Community Leader of the Year, and company awards encompass Technology Company of the Year and Early Stage Company of the Year. One company will also receive designation as the Technology Company of the Year.