Solutions

Newport Venture Capital
A commercial mortgage broker and investment advisor uses FileMaker Pro to track property prices and manage rents.

Newport Venture Capital

Newport Venture Capital (VC) is a commercial mortgage broker and investment advisor based in Newport Beach, Calif. The firm arranges debt and equity financing for real estate developers and institutional investors.

Overview

  • Commercial mortgage brokerArranges debt and equity financing for real estate developers
  • Based in Newport Beach, Calif.

Industry

  • Finance/Banking

Solutions

  • Google Maps and FileMaker Pro 10

Benefits

  • Easily track real estateShow clients location of real estate
  • Recalculate data as needed on the fly

The integration with Google Maps is fantastic especially for those in the real estate arena. We are using Google Maps to show the location of various real estate projects in each database. We have thousands of records and hundreds of databases in FileMaker, and they can be navigated by client, property type or location. It's a great way to provide a visual to data that is otherwise numerically oriented. It really makes our reports 'pop' and brings life to each project.

—Rich Harris, Newport Venture Capital, Newport Beach, California

Business Challenge

Newport Venture Capital has been using FileMaker Pro for several years. "We use FileMaker to track real estate projects, their tenants, operating results and cash flow projections," says Rich Harris, the company's managing principal. "It's also being used for contact management. That will expand now we can send e-mail via SMTP within FileMaker."

Successful Solution

"FileMaker Pro is tightly integrated into Newport VC's financial modeling and economic projections", says Harris. "We have tested version 10 and found it to be intuitive, customizable and much improved over prior versions. We plan to deploy FileMaker Pro 10 to our entire staff."

Customer Benefits

Harris says the company has three favorites among the new features: Dynamic Reports, sending e-mail via SMTP and the ability to easily import and export data from Microsoft Excel.

"We prepare tenant rent rolls, operating cost estimates and other economic projections that often change daily, and we are now able to easily recalculate totals and produce summaries on the fly," he says. "We can import our clients' information and then use the portions of that data that we need — it's a huge reduction in time." Harris adds that the ability to distribute multiple reports and files via email without leaving FileMaker Pro is a huge timesaver as well.

This updated version of FileMaker Pro is a great leap forward, and I would highly recommend it to current and new users of FileMaker Pro.

—Rich Harris, Newport Venture Capital, Newport Beach, California

Harris says there are many other features that really boost productivity for Newport VC, including the new themes and templates, and many timesaving shortcuts. "The integration with Google Maps is fantastic," he notes, "especially for those in the real estate arena. We are using Google Maps to show the location of various real estate projects in each database. We have thousands of records and hundreds of databases in FileMaker, and they can be navigated by client, property type or location. It's a great way to provide a visual to data that is otherwise numerically oriented. It really makes our reports 'pop' and brings life to each project. Our readers can quickly grasp the location of projects and then dig deeper into the numbers, if they are interested. This is a huge feature for our clients and our ability to provide this additional information really differentiates our reports from those provided by our competitors."

"This updated version of FileMaker Pro is a great leap forward," says Harris, "and I would highly recommend it to current and new users of FileMaker Pro."

For FileMaker:

Kevin Mallon
Public Relations Manager
FileMaker Inc.
408-987-7227
kevin_mallon@filemaker.com
http://www.filemaker.com

For Newport Venture Capital:

Rich W. Harris
Managing Principal
Newport Venture Capital
212-979-0007
rharris@newportvc.com
www.newportvc.com