Milestone
Mar 2024
Secured Term Sheet for a $100M facility from a Bank
JG
Mar 23, 2024
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.