Nada – a leading fintech company offering homeowners debt-free access to home equity – announced it 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 support its Cityfunds investment program.
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. And the funding 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.
This 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.
KEY QUOTES:
“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.”
-John Green, Founder and COO of Nada
“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.”
-Emile Ernandez, Managing Director at Kawa
