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Silicon Valley Bank Backs UpEquity with $200M Facility, Fueling $1B in Buy-Before-You-Sell Mortgages

Summary by stocktitan.net

UpEquity secures major financing to scale its innovative buy-before-you-sell mortgage platform. Revenue tripled annually since 2023 launch. See expansion plans.

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HousingWire

UpEquity gets warehouse facility from Silicon Valley Bank, Setpoint

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. The funding is expected to support $1 billion in originations over the next two years, helping homebuyers purchase new homes before selling their current ones, and to support the growth of UpEquity. “We are thrilled to work with Sili…

13 days ago

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stocktitan.net

Silicon Valley Bank Backs UpEquity with $200M Facility, Fueling $1B in Buy-Before-You-Sell Mortgages

UpEquity secures major financing to scale its innovative buy-before-you-sell mortgage platform. Revenue tripled annually since 2023 launch. See expansion plans.

13 days ago

Read Full Article

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