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Austin’s Homeward raises $105 million to buy your new home for you – TechCrunch

techcrunch.com

Homeward, which has just raised $20 million in equity funding from Adams Street Partners  and another $85 million in debt from undisclosed lenders, pitches a plan where the company will loan money to would-be homebuyers equal to the amount of their home equity so these buyers can make an all-cash offer to purchase their next home. The company also makes a “floor-price” guarantee on the existing home if the owners aren’t able to sell the property for full market value.

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