Housing investment platform OfferPad raised $50 million in venture funding from private equity firm LL Funds and other investors. The startup also extended an existing, $100 million credit line, Inman reported. OfferPad buys homes from owners who want to sell quickly and for a guaranteed price, and then lists them for resale on its online platform. The business model is similar to Opendoor, which recently raised $35 million in equity, and Knock. The company made […]
source https://therealdeal.com/2018/05/18/offerpad-raises-50m-extends-credit-line/
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