Back to directory
Fintech platform unlocking the $35T home equity market
DallasFounded 2018
Real EstateReal Estate InvestingFinTech
🟢 Raising series-a — $6.0M target
See something off about this company?
Fintech platform unlocking the $35T home equity market
Nada is an award-winning fintech platform on a mission to unlock the wealth trapped within the $35 trillion home equity market for homeowners and investors. The platform enables homeowners to tap equity without taking on debt—via Home Equity Investments (HEIs)—and provides investors direct exposure to the HEI asset class through their managed funds found at www.homeshares.co. We are the first to combine institutional-grade origination with a direct-to-consumer investment platform, positioning Nada as the infrastructure layer for the next major category in consumer finance.
See something off about this company?
John Green
founder
Sundance Brennan
employee
Tore C. Steen
employee
Jesse Stein
employee
Michael McGrail
employee
The challenge lies in the illiquidity of home equity, which confines homeowners to limited options like taking on more debt or selling their homes to access their trapped equity. Simultaneously, individual investors seek more capital-efficient and less volatile alternatives to traditional investments like stocks or alternatives like crypto or single-family rentals. Nada is a Home Equity Investment ("HEI") platform HEI Originator Nada originates home equity investments, which provide homeowners an alternative option to access their home equity without the burden of added debt or monthly payments. HEI Asset Manager Nada is the first company qualified by the SEC to offer HEI investment products to individuals. Individual investors can invest in a top city’s home equity market through its U.S. Home Equity Fund. What is an HEI? HEIs are lien-secured agreements where homeowners receive cash upfront in exchange for a share of their homes future value
Secured term sheet for $25mm credit facility to serve as leverage to our Cityfunds real estate investment funds -- will accelerate our HEI originations and AUM growth rate in 2024. Closing on the facility in early September and launching soon
3/22/2024 -- After a couple of months of diligence, we have obtained a full term sheet from a bank for a Home Equity Contract financing credit facility with securitization as an exit. This is a substantial milestone for Nada; now that we have secured access to institutional capital, we can scale quickly. This term sheet represents an additional $10M+ revenue for Nada -- additive to our forecasted growth from Cityfunds.
Announced national partnership with EOS Solar (enabling homeowners to finance solar without debt)
New Partnership Aims to Provide $50M monthly in Home Equity Investments for Solar and Home Improvement Projects.