The new funding will accelerate Nada’s home equity origination business and innovative Citifund investment platform.
DALLAS, Oct. 8, 2024–(BUSINESS WIRE)–Nada, a leading fintech company that provides homeowners with debt-free access to home equity, has joined forces with Kawa Capital Management, an alternative asset management company. secured a revolving credit facility of up to $25 million from It manages over $3 billion in assets and is known for its expertise in structured real estate and credit markets. This facility strengthens Nada’s ability to expand its home equity agreement (HEA) origination platform and enhance its Citifund investment program.
“This facility with Kawa represents a significant level-up for Nada, bringing institutional-level capital and structure to our Cityfunds platform, which is already transforming the way retail investors access residential real estate. ” said John Green, Nada’s founder and chief operating officer. “This partnership not only allows us to meet the growing demand for home equity contracts, but also enables our Citifunds platform to provide individual investors with access to the HEA asset class that was previously only accessible to institutional investors. We will be able to expand our ability to
Kawa’s $25 million facility (with an initial commitment of $10 million) will give Nada the access it needs to meet the demands of its growing HEA production pipeline while maintaining the operational rigor expected in the institutional market. Gain financial flexibility. The capital injection will enable Nada to deploy HEA contracts at scale, strengthening the Citifund platform with the same level of diligence, security and financial discipline typically found in large-scale investment products.
“We are excited to partner with Nada in funding a growth platform for home equity investing,” said Emil Hernández, Managing Director of Kawa. “This highlights our commitment to supporting innovative financial solutions.”
This revolving credit facility strengthens Nada’s ability to provide homeowners with a flexible, debt-free way to unlock home equity. This advancement demonstrates Nada’s commitment to improving its services and setting new standards in the home equity investment market.
Whether you’re an experienced investor or just starting out, now is an exciting time to explore the benefits of Citifunds.
About Nada (https://www.nada.co/)
Nada is a fintech platform that provides innovative home equity investment solutions, allowing homeowners to access home equity without taking on debt. Through its Cityfunds program, Nada provides individual investors with access to a diverse real estate market through fractional home equity investments backed by institutional-grade financial structures.
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About Kawa Capital Management (https://www.kawa.com/)
Founded in 2007, Kawa is a capital solutions provider and independent asset management firm with approximately $3 billion in assets under management. Kawa’s Capital Solutions division focuses on real estate financing, including bridge loans, mezzanine financing, structured credit, net lease real estate equity, ground leases, and credit tenant leases. Kawa is also active in structuring, purchasing, and financing land leases throughout the United States in a variety of subsectors, including hospitality, office, retail, and malls. For more information, please visit www.kawa.com.
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