Nada, a fintech company, has secured an up to $25 million revolving credit facility from Kawa Capital Management, an alternative asset management firm. This facility enhances Nada’s ability to scale its home equity agreement (HEA) origination platform and bolster its Cityfunds investment program._x000D_
_x000D_
“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,” John Green, founder and chief operating officer of Nada, said. “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.”_x000D_
_x000D_
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._x000D_
_x000D_
“We are thrilled to partner with Nada in financing their growing platform for home equity investments,” Emile Ernandez, managing director at Kawa, said. “Our credit facility underscores our commitment to supporting innovative financial solutions for originators and end-users alike.”
Forward for Specialty Finance
