Two Douglas Elliman agents are taking on Compass with a new platform that overlaps with the VC-backed brokerage’s short-term lending service for sellers.
Cousins John Giannone and Jac Credaroli last month launched a loan origination platform, dubbed Feeasy, that provides quick cash to renters, sellers or buyers who need some extra liquidity to seal a real estate deal.
Giannone and Credaroli, who work on the Lauren Muss Team at Elliman, said they came up with the idea after two years of working as agents and running into countless situations where renters, buyers and sellers struggled to come up with cash for brokers fees, staging or didn’t have enough funds to guarantee a lease.
They teamed up with family friend Stanley Moskowitz, the former CEO of Petroleum & Franchise Capital, a commercial finance lender, who is now Feeasy’s chairman and a “significant” minority shareholder.
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