Nada Holdings has entered into a forward-flow purchase agreement providing up to $300 million of institutional capital for Home Equity Agreements originated through its home-equity finance platform.
The agreement is with a private fund managed by O’Connor Capital Solutions, the private credit strategy within O’Connor Alternative Investments, part of Cantor Fitzgerald Asset Management.
The commitment is Nada’s second major institutional capital partnership in less than a year, following its January 2026 agreement with Medalist Partners.
Together, the relationships provide Nada’s Home Equity Agreement program with up to $500 million of institutional capital.
Nada said HEA originations increased more than tenfold year over year during the first half of 2026 as homeowner demand increased and its distribution network expanded.
Home Equity Agreements provide homeowners with upfront cash in exchange for a contractual share of their home’s future value rather than requiring traditional monthly principal and interest payments.
The agreement is generally settled when the homeowner sells or refinances the property, buys out the HEA or reaches the contractual maturity date.
Nada is positioning HEAs as an alternative for homeowners who want to access accumulated home equity without refinancing an existing mortgage or taking on an additional monthly loan payment.
That opportunity has become more significant as higher mortgage rates make cash-out refinancing less attractive for homeowners with lower existing mortgage rates.
U.S. homeowners held approximately $35 trillion in home equity as of the first quarter of 2026, according to Federal Reserve data cited by Nada.
Nada’s HEAs are currently available across 14 states, with additional markets planned. The company is backed by investors including LiveOak Ventures, Interlock Partners and Nomura Strategic Ventures.
O’Connor Capital Solutions has invested more than $6 billion since inception across asset-based finance, real estate and corporate capital solutions.
KEY QUOTES:
“Partnering with OCS marks an important next stage in Nada’s growth. OCS brings deep experience across real estate and structured credit, a highly collaborative approach and the capacity to grow with us.”
John Green, Founder and President of Nada
“We have spent a significant amount of time evaluating the home equity agreement market and think the asset class offers a compelling way to gain exposure to the U.S. residential real estate market.”
Joshua Mercado, Managing Director and Head of Asset-Based Finance at O’Connor Capital Solutions
“Just months after announcing our first large-scale institutional forward flow partnership, we are adding another. It reflects the momentum we’re building across both sides of our platform — growing homeowner demand and institutional capital.”
Tore Steen, CEO of Nada
