Bonside, a New York tech firm founded by Neha Govindraj, secured equity investments from Kimco and Nuveen to provide a new underwriting tool known as the Bonside Scorecard. Priced at $1,500, this tool helps retail landlords assess the risk of non-credit tenants through an analysis of over 20 metrics. The initiative comes at a time when smaller businesses are aiming to expand, highlighting the importance of a tailored approach to tenant evaluation rather than a one-size-fits-all strategy. Additionally, Bonside also aims to offer capital investments to help retailers grow their physical presence.
The Bonside Scorecard, available for $1,500, helps retail landlords assess tenant risk by analyzing over 20 metrics, enhancing their due diligence process.
Govindraj stated, 'Maybe they thought about it but were applying a blanket approach. Not all tenants are created equal,' reflecting the need for tailored evaluations.
Bonside, launched in 2023, aims to not only provide underwriting intelligence but also capital investments to retailers seeking to expand their physical locations.
Bonside's equity investments from Kimco and Nuveen position it to assist retail landlords in diversifying tenant bases, particularly as small businesses seek growth.
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