Nada, a leading FinTech company known for offering homeowners debt-free access to home equity, has recently secured a revolving credit facility of up to $25m from Kawa Capital Management.
Kawa, an alternative asset management firm with over $3bn in assets under management, is renowned for its expertise in structured real estate and credit markets. This new financing bolsters Nada’s capacity to expand its home equity agreement (HEA) origination business and its innovative Cityfunds investment platform.
The $25m facility, initiated with a $10m commitment, will provide Nada with the financial flexibility needed to scale its HEA origination efforts. It will also maintain the operational rigour that is expected in institutional markets. This infusion of capital will enable Nada to deploy HEA contracts at scale, reinforcing the Cityfunds platform with the same level of diligence, security, and financial discipline typically seen in large-scale investment products.
Nada’s operations involve offering homeowners innovative solutions to access their home equity without taking on debt. Through its Cityfunds program, the company allows individual investors to access diversified real estate markets through fractional investments in home equity, supported by institutional-grade financial structures.
John Green, founder and COO of Nada, said, “This facility with Kawa represents a significant level-up for Nada, bringing institutional-grade capital and structure to our Cityfunds platform, which is already transforming the way individual investors access residential real estate.
“This partnership not only empowers us to meet the growing demand for home equity agreements but also ensures that our Cityfunds platform can expand its ability to offer individual investors access to the HEA asset class, which has historically only been accessible to institutional players.”
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