HomeLight, a real estate technology platform, is expanding its financial offerings, HomeLight Trade-In and HomeLight Cash Offer, to real estate agents, homebuyers and sellers across Texas. Credit Suisse provided a $100 million credit facility to HomeLight to fuel the expansion.
The launch of these financial offerings comes at a crucial time for agents and their clients, as record-setting inventory shortages continue to fuel steep growth in home values and intense bidding wars for homebuyers and sellers in Texas and across the United States. HomeLight Trade-In and HomeLight Cash Offer enable agents to make real estate transactions possible for individuals who otherwise wouldn’t be able to compete by using traditional financing in the real estate market.
“At HomeLight, we are deeply committed to providing the best agents in the U.S. with the most innovative solutions to compete and win in today’s real estate landscape,” Drew Uher, CEO and founder of HomeLight, said. “With the expansion of HomeLight Trade-In and HomeLight Cash Offer into Texas, thousands of top agents can apply to have access to these revolutionary products, enabling them to provide their clients with real estate transactions that are simple, certain and satisfying.”