#USA #New York #Nuveen #Bonside #Kimco Realty

Bonside Unveils Scorecard in Partnership with Kimco Realty and Nuveen

On May 18, 2025, Bonside, a cutting-edge technology firm focused on financial underwriting and capital provision for brick-and-mortar entities, made headlines with its announcement of a strategic partnership with two industry leaders: Kimco Realty, a prominent real estate investment trust, and Nuveen Real Estate, a global investment management firm. This collaboration does not only signify equity investments from these notable companies but also heralds the introduction of Bonside’s innovative underwriting tool, the Bonside Scorecard.

A Revolutionary Approach to Tenant Evaluation

Designed to assist commercial landlords, the Bonside Scorecard aims to streamline the assessment of both new and existing retail tenants who lack credit ratings. The implementation of this tool is particularly timely as it provides much-needed consistency in how financial and operational health is evaluated in the retail sector. This standardized approach is rooted in Bonside's meticulous underwriting process, which has successfully supported 37 transactions to date.

What sets the Bonside Scorecard apart is its reliance on data obtained from accounting software, enabling landlords to evaluate tenant performances with unprecedented speed and effectiveness. With financial metrics such as 4-wall EBITDA, cost of goods sold (COGS), labor ratios, along with twenty-plus other sector-specific indicators, Bonside provides tailored underwriting services that adhere to an investment-grade ethos, specifically tailored for physical retail.

Benefits for Landlords and Tenants

For landlords, this automation facilitates more efficient tenant diligence processes and comprehensive risk assessments at both property and portfolio levels. This efficiency is crucial in today's fast-paced real estate market, where the ability to make informed decisions quickly can be the key to securing profitable leases.

On the tenant side, the Scorecard eliminates barriers and inconsistencies, allowing emerging businesses the opportunity to compete for prime locations. This ease of access fosters a healthy retail environment where innovative concepts can thrive without the usual administrative burdens,
leading to leases being signed more efficiently.

A Milestone in Bonside’s Journey

This strategic endeavor marks a transformative moment in Bonside's development, reinforcing its mission to support and redefine the brick-and-mortar economy since its launch in 2023. With a remarkable record involving 37 financed deals and managing assets amounting to $25 million, Bonside continues to pave the way forward in retail financing.

Their flexible financing model, known as the Repeatable Revenue Agreement (RRA), empowers businesses to expand while avoiding equity loss or encumbering themselves with debt. This innovative model underscores Bonside’s commitment to offering robust financial solutions tailored to the unique needs of retail.

As Bonside and its partners take these transformative steps into the future of retail financing, it stands poised to elevate standards across the sector, making strategic partnerships like that with Kimco Realty and Nuveen pivotal in the ongoing evolution of brick-and-mortar commerce.

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About Bonside:
Founded in New York City and publicly launched in June 2023, Bonside is at the forefront of offering underwriting intelligence and capital for brick-and-mortar businesses, aspiring to redefine the landscape of physical retail.

For further details, you may contact:
Rachel Pietrangelo
Email: [email protected]

Source: Bonside