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From Home Furnishing Business

Inhabitr Announces Expansion to Financing Program After Successful Pilot

Inhabitr, the world's first AI-powered, end-to-end commercial real estate (CRE) furnishing solution, announces an expansion to its furniture financing program, after successful pilot programs with PACIFIC 19 Kona and other hospitality clients.

The Inhabitr financing program seamlessly integrates with its furniture procurement platform and now is available for U.S. and international projects. Clients can automatically request financing for their furniture, fixtures and equipment (FF&E) order, and receive approvals in days, including options for financing up to 100%.

Inhabitr offers financing for FF&E orders for new developments, renovations and conversions. The company works with several partners for financing, including traditional banks and non-banking financial institutions. This not only expedites the order but also improves cashflow prior to opening.

"It's no secret that time is the most valuable commodity, especially with regard to CRE projects. And in times of financial uncertainty, projects often get delayed due to financing complications," said Ankur Agrawal, Founder and Chief Executive Officer of Inhabitr. "We are excited to offer a simple financing solution to our clients, allowing these unnecessary delays to be avoided."

While piloting its financing solution, Inhabitr worked with several hospitality projects located across the globe. This included partnering with overseas government programs, along with branded and independent hotels.

One successful project was PACIFIC 19 Kona, a boutique 150-room hotel located in Kailua Kona, Hawaii. Inhabitr managed the procurement, delivery and installation of the hotel's guest room furnishings. The first phase of the project, which included 122 guest rooms, was completed in under five months. Most remarkably, Inhabitr also helped PACIFIC 19 secure financing for the furniture, a definitive competitive advantage that delivered real value for the client.

"The ability to finance the furniture directly with Inhabitr was greatly beneficial to our team. This unique offering allowed us to move quickly and provided us with the flexibility to fund the order through post-opening revenue. This lowered the investor equity required and improved overall project returns," said James Evans, Co-Founder of Nine Brains and PACIFIC 19.

"We were proud to help bring PACIFIC 19 Kona to life, as the hotel's thoughtful design and curated offerings perfectly captured the authentic Hawaiian spirit. We knew we could efficiently deliver high-quality furniture that reflected the property's unique design," added Agrawal.

Inhabitr offers end-to-end procurement solutions for FF&E. Using a blend of proprietary technologies and personalized service, the company streamlines the entire furnishing process, including design and sourcing, financing, procurement, manufacturing, delivery and installation.

To learn more about Inhabitr, visit www.inhabitr.ai.



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