Creating a new deal

You can create a deal and onboard your portfolio to the Built platform. You can add a property, funding source, and stakeholder details along with the deal details. To configure a user to create a deal, see Managing user roles.

Note: The Configure Forms feature in Built allows you to customize deal, property, and funding source forms to meet your organization's requirements. You can add or remove fields. For more information, see Configuring deal forms.
Ensure that full access permission is provided to:
Deal Management:
Portfolio Page & Deal Creation
Deal Details
Deal Overview
Update Deal Status
Deal Stakeholder Management
Draw Schedules
Capital Stack Management
A deal workflow is created.
A draw workflow is created.
A group is created.
All Internal Deal Stakeholders are added as Users in Admin UI. • All field configurations are set.

To create a new deal, perform the following steps.

1. At the top-left of the page, click Portfolio.

Portfolio tab

On the Portfolio page, at the top-right, click + New Deal.

In the New Deal dialog box, enter the following information.

The New Deal dialog box includes the following sections: Deal Details, Property, and Funding Sources. You can quickly navigate to these sections using the tabs on the right of the dialog box.

Deal Details

Feature	Description
Deal Name	A deal name.
Deal Risk Rating	The status of deal risk, such as Pass, Loss, or as configured within Field Configurations.
Deal Type	The deal type is Permanent, Bridge, Construction, or as configured within Field Configurations.
Deal ID	The ID of the deal.
Deal Purpose	The purpose of the deal is Purchase, New Construction, Bridge, or as configured within the Field Configurations.
Deal Workflow	The assigned deal workflow governs the deal’s lifecycle. This field is mandatory.
Draw Workflow	The default draw workflow governs the standard draw cycle on the deal.
Group	The defined group for access management and reporting. This field is mandatory.
Received Date	The date when the lender or relevant party acknowledged receipt of the deal.
Quoted Date	The date when the lender provided the initial deal quote.
Dead Reason	The reason that a deal is no longer viable for origination.
Project	This indicates that the deal is financing a construction or improvement project.
Project Type	The type of project, such as Acquisition, Renovation, Vertical construction, or as configured within Field Configurations. This field is mandatory.
Project Name	A unique name of the project. This field is mandatory.
Project Start Date	The start date of the project.
Project End Date	The end date of the project.

Property

To add a property, click + Add Property. For more information, see Adding property to a deal, and follow step 5.

Funding Sources

To add details to Funding sources, you must select a Group in the Deal Details section. To add a funding source, click + New Funding Source. For more information, see Creating a Funding Source and follow step 5.

Configuring Forms

Click Configure Forms to configure the deal, property, and funding source Forms. For more information, see Configuring deal forms.

Click Save.

A message is displayed indicating that the deal is created successfully.

FAQ

What is the first step to create a new deal on the Built platform?

Click on 'Portfolio' at the top-left of the page.

What permissions are required for a user to create a deal?

Full access permission must be provided for Deal Management, Deal Stakeholder Management, Draw Schedules, and Capital Stack Management.

Can I customize the deal forms on the Built platform?

Yes, the Configure Forms feature allows you to customize deal, property, and funding source forms.

What information is required in the Deal Details section when creating a new deal?

You need to provide the Deal Name, Deal Risk Rating, Deal Type, Deal ID, Deal Purpose, Deal Workflow, Group, and other relevant details.

Is it necessary to add a property and funding source when creating a deal?

Yes, you must add a property and select a funding source in the New Deal dialog box.