The e-commerce bandwagon gathers pace with the news that the leading construction and real estate market websites in the US have got together to deliver an online financial resource for the commercial construction industry.

BuildPoint Financial Marketplace is the result of a strategic partnership between www.buildpoint.com, and www.LoopNet.com. It offers owners, developers, architects, engineers, general contractors, subcontractors, suppliers and distributors alike a web-based tool that simplifies the process of loan origination.

"Historically, securing financing for commercial construction projects has been a tedious, time-consuming task," said Dennis DeAndre, founder and CEO of LoopNet, "By offering LoopLender services through the BuildPoint Financial Marketplace, construction professionals now have access to over 40 leading lenders and more than 100 competitive loan programs in a simplified, no-cost lending process. BuildPoint users will be able to secure fast approval for construction, take-out or permanent financing through LoopLender's Financing Engine in the BuildPoint Financial Marketplace."

BuildPoint recently announced project transactions exceeding $4 billion.

Richard Byatt