Opendoor boosts homebuying power with $9B borrowing limit

In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity finan… Continue reading

Guaranteed rent model property management firm Doorstead secures $12.5M

Doorstead’s model is predicated on providing its landlord customers with a patent-pending rent analysis solution that identifies the ideal rate after processing more than an 11 million market data points. Continue reading

Self-tour company Rently raises cash in industry ‘ripe for disruption’

The funding amount was undisclosed, but McCarthy Capital typically makes equity investments of between $15 million and $75 million. Continue reading

Transactly raises $3M to boost outsourced transaction coordination

With a total of $4.7 million raised in two years, the St. Louis-based company is aiming to win the market for outsourced transaction coordination. While its software can be used for free by agents and brokerages, the company charges for use of a design… Continue reading

Elm Street Technology secures funding round to boost acquisition, growth efforts

Elm Street Technology secured a round of funding from Aquiline Capital Partners, a New York- and London-based private equity firm, for the purpose of acquiring more companies and supporting the subsequent growth. Continue reading

Agents need to ‘lean in’ to technology, but they’re not going extinct

OJO Labs founder and CEO John Berkowitz believes real estate agents will continue to play an important role in the industry for a very long time but also urged them Friday to “lean in” to technology because it’s coming whether they like it or not. Continue reading

Agents need to ‘lean in’ to technology, but they’re not going extinct

OJO Labs founder and CEO John Berkowitz believes real estate agents will continue to play an important role in the industry for a very long time but also urged them Friday to “lean in” to technology because it’s coming whether they like it or not. Continue reading

Online, DIY brokerage Savvy Lane secures $2M, expands to SoCal

Discount broker Savvy Lane uses a small team of remote, tech-powered agents and 1 percent listing fee to win deals. It also facilitates a for-sale-by-owner option with low-fee MLS listings. Continue reading

Patch Homes, another cash-for-equity startup, clinches funding

With an additional $5 million in financing, Patch Homes is among a growing list of startups that let homeowners sell an equity stake in their home for cash. Continue reading