TSL Express Daily News

New financing will accelerate Nada’s home equity agreement origination business and innovative Cityfunds investment platform.

DALLAS, October 08, 2024--(BUSINESS WIRE)--Nada, a leading fintech company offering homeowners debt-free access to home equity, has secured an up to $25 million revolving credit facility from Kawa Capital Management, an alternative asset management firm with over $3 billion in assets under management and renowned for its expertise in structured real estate and credit markets. This facility enhances Nada's ability to scale its home equity agreement (HEA) origination platform and bolster its Cityfunds investment program.

"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," said John Green, Founder and COO of Nada. "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."

Kawa's $25 million facility, with a $10 million initial commitment will provide Nada with the financial flexibility needed to meet the demands of its growing HEA origination pipeline while maintaining the operational rigor expected in institutional markets. The infusion of capital will allow 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.

About Kawa Capital Management (https://www.kawa.com/)

Founded in 2007, Kawa is a capital solutions provider and independent asset manager with approximately $3 billion in assets under management. Kawa's capital solutions arm focuses on real estate financing, including bridge lending, mezzanine financing, structured credit, net leased real estate equity, ground leases, and credit tenant leases. Kawa is also active in structuring, purchasing, and financing ground leases across the U.S. in various subsectors including hospitality, office, retail, and malls. For more information, please visit www.kawa.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241008025605/en/

Contacts

Julianna Giraldo
e-mail: julianna@liveoak.vc

Emile Ernandez, Managing Director at Kawa, added, "We are thrilled to partner with Nada in financing their growing platform for home equity investments. Our credit facility underscores our commitment to supporting innovative financial solutions for originators and end-users alike."

This revolving credit facility strengthens Nada's ability to offer homeowners a flexible, debt-free way to unlock their home equity. This step forward elevates Nada’s offering and demonstrates its commitment to setting a new standard in the home equity investment market.

Whether you are a seasoned investor or just getting started, this is an exciting time to explore the benefits of Cityfunds.

About Nada (https://www.nada.co/)

Nada is a fintech platform that offers innovative home equity investment solutions, allowing homeowners to access their home equity without taking on debt. Through its Cityfunds program, Nada provides individual investors with access to diversified real estate markets through fractional investments in home equity, supported by institutional-grade financial structures.