Cornell PhD Physicist and former J.P. Morgan and Textura Corporation professionals to lead company’s development and growth of its suite of financial-modeling tools

(CHICAGO – June 21, 2017) – Lucro, a provider of modern financial modeling solutions for commercial real estate investing, announces the appointments of Colin Jermain as Data Scientist, T.K. MacKay as VP of Sales, and William Haeger as Analyst. The new Lucro additions will be responsible for product development, new client acquisition and revenue growth.

“Colin and William bring great data analysis and technical expertise; T.K. brings a wealth of sales experience; and all three bring proven track records of results that make them great assets to the Lucro team,” said Brian Axline, founder and CEO, Lucro. “Their valuable combination of Fortune 50 experience and hands-on leadership will certainly position Lucro for growth and success as we soon publicly launch our suite of financial-modeling tools.”

Colin Jermain officially joins Lucro after being a technical advisor and consultant for the company since its inception. He brings over ten years of experience in application development, infrastructure design, and data science. Prior to Lucro, Jermain was a Graduate Research Assistant at Cornell University, where he built machine learning models and data acquisition software to push the state of the art in spintronics physics research. Jermain holds a Bachelor’s Degree in Physics and Minor in Computer Science from the University of Massachusetts, Amherst and a Doctor of Philosophy (Ph.D.) in Physics from Cornell University.

Prior to joining Lucro, T.K. MacKay served as Senior Manager of Global Client Services for Textura Corporation for over ten years, where he helped grow sales from $800,000 to $90 million before being acquired by Oracle. Before Textura, he worked as an Equities Analyst for Morningstar, Inc. and a Floor/Filling Clerk and CME Group. MacKay holds a Bachelor’s Degree in English from Trinity College-Hartford and Masters Business Administration in Finance, Entrepreneurship from The University of Chicago Booth School of Business.

William Haeger joins Lucro after holding multiple product and operations positions at J.P. Morgan Asset Management in New York. Haeger was responsible for performing market research to determine competitive fees and product offerings for the Private Bank’s mutual fund business. He also collaborated with technology teams to automate the aggregation of the data used in the Private Bank’s annual Dodd-Frank certification. Haeger holds a Bachelor’s Degree in Economics from Tufts University.

Lucro is currently seeking a VP of Engineering to manage its core products and acquire additional software development talent. To learn more about Lucro, please visit www.getlucro.com.

About Lucro

Lucro provides modern financial modeling collaboration solutions for commercial real estate investing that enable real estate professionals to spend less time crunching the numbers and more time getting deals done. Because Lucro is a complete solution, users can model any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), and analyze income, expenses and capital structure all on one platform. Built with the level of quality and sophistication that Wall Street expects, Lucro automates a once arduous task, standardizes the presentation of financials, and provides rich data visualization. For more information, visit www.getlucro.com and follow us on Twitter at @LucroApp.

Promotion enables real estate professionals to make a seamless transition to Lucro’s suite of financial-modeling tools that enable efficient deal and portfolio analysis for real estate investment

(CHICAGO – December 20, 2016) – Lucro, a provider of modern financial modeling solutions for commercial real estate investing, announces a promotion for ARGUS Valuation DCF™ customers. Considering ARGUS’ forced migration to ARGUS Enterprise with DCF support ending June 30, 2017, Lucro’s promotion offers a cost-effective alternative, 30 percent discount on an annual subscription, and a seamless transition to Lucro’s suite of easy-to-use, financial-modeling tools that enable efficient deal and portfolio analysis for real estate investment. The promotion is immediately available through March 31, 2017.

By replacing their legacy Argus products with Lucro’s financial modeling solution, real estate professionals can quickly create a financial model in any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), with no coding required. Because Lucro is a complete solution, users can analyze income, expenses and capital structure all on the Lucro platform, eliminating the need to go back and forth between separate tools. Lucro also enables users to mine their own historical data that previously would reside in various independent files, providing real-time insights. Lucro offers visibility into cash flows through multiple layers of debt and equity, as well as, the ability to analyze a deal over multiple assumption sets. Users can also add deals to portfolios to highlight consolidated financials and Net Asset Value (NAV), and collaborate with other stakeholders with version control.

“90 percent of the market is underserved, using either Excel or a combination of Excel and ARGUS, making real estate forecasting inefficient, error-prone, extremely time intensive and confined to certain types of asset classes,” said Brian Axline, founder and CEO, Lucro. “Lucro is a collaborative solution built for real estate professionals that builds financial models with the level of quality and sophistication that Wall Street expects, yet is simple enough to enable users to spend less time crunching the numbers and more time getting deals done. Where forecasting cash flow for a 30-unit office building using current tools and processes used to take more than 60 man hours, it can take just four man hours with Lucro.”

“Lucro provides best-in-class deal evaluation and collaboration software with an intuitive user experience that can be utilized across all property types. It is hands down better than any alternative I have come across,” said Lamar Newburn, Managing Broker at Sett Properties, and Lucro beta customer.

Developed by real estate professionals, technologists and designers with decades of combined experience, Lucro offers brokers, developers, investors, lenders, appraisers, managers and other real estate professionals key benefits including:

• Complete solution – Model any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), and analyze income, expenses and capital structure all on one platform.
• Market intelligence – Harness historical data that previously would reside in various independent files, providing real-time insights.
• Built for real-time collaboration – Easily share and edit financial models in real-time with other deal stakeholders with version control; if a user makes a change to a model, the update is immediately made available to all other stakeholders.

Lucro’s promotion is immediately available through March 31, 2017. For more information or to get started, visit http://getlucro.com/argus-dcf-switch. To learn more about Lucro, please visit www.getlucro.com.

About Lucro

Lucro provides modern financial modeling collaboration solutions for commercial real estate investing that enable real estate professionals to spend less time crunching the numbers and more time getting deals done. Because Lucro is a complete solution, users can model any asset class (office, retail, industrial, apartments/multi-family, hospitality, etc.), under any investment hypothesis (core, value add, development, etc.), and analyze income, expenses and capital structure all on one platform. Built with the level of quality and sophistication that Wall Street expects, Lucro automates a once arduous task, standardizes the presentation of financials, and provides rich data visualization. For more information, visit www.getlucro.com and follow us on Twitter at @LucroApp.

Check out Lucro’s CEO, Brian Axline, on Bootstrapping in America.

======== tastytrade.com ========

Hosted by Tom Sosnoff and Tony Battista, tastytrade is a real financial network with 8 hours of live programming five days a week during market hours. From pop culture to advanced investment strategies, tastytrade has a broad spectrum of content for viewers of all kinds! Tune in and learn how to trade options successfully and make the most of your investments!