PHOENIX–(BUSINESS WIRE)–August 11, 2022–
Stoa USA Inc., the Arizona-based company that launched the FlipOS by Stoa platform for professional single-family home investors, has closed another $100 million securitization. The financing is underwritten by Cantor Fitzgerald, a leading financial services company specializing in real estate investments.
This is Cantor Fitzgerald’s second time working with Stoa on this type of fundraiser. The $100 million securitization of Stoa in November 2021 was also underwritten by Cantor Fitzgerald.
“The Stoa team looks forward to what is possible for our real estate partners with this round of funding, and we are proud to have the continued support of the experienced team at Cantor Fitzgerald,” said Tom Sella, co-founder of Stoa. “Less than a year has passed since our initial $100 million securitization, and we’ve seen exponential growth in product adoption since then.
According to Bankrate.com, housing supply is well below demand levels due to several factors, including young buyers looking for their first home and underconstruction after the 2007 recession. FlipOS by Stoa focuses on the fix-and-flip market, where existing properties need upgrades or repairs before becoming viable options for people looking for accommodation.
With the added security, FlipOS by Stoa will be able to work with more professional real estate investors to grow and scale their businesses, helping to close America’s housing deficit by bringing quality residential inventory to market faster. than home builders.
With the changing housing market, FlipOS by Stoa has grown in popularity because its unique model allows investors to buy, renovate, and sell single-family homes faster and with less risk than traditional models.
“It’s a big deal that we were able to close this round of funding in the midst of a fluctuating housing market,” said Stoa co-founder Or Agassi. “That speaks volumes about the underlying strength of our business model. We continue to evolve quickly but responsibly, maintaining a strong unit economy. We have created a company that people want to invest in, regardless of macroeconomic conditions.
Overall, the company has raised approximately $300 million in equity and debt.
Stoa USA Inc. is a Phoenix, Arizona-based real estate technology company dedicated to closing America’s housing deficit. Its iBuyer software platform, FlipOS by Stoa, enables real estate investors to buy, renovate and sell homes faster and more efficiently. The company supports investors with low-rate loans, detailed renovation scopes and a post-renovation guaranteed purchase offer with a five-day closing. Learn more at flipos.com.
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CONTACT: Megan Wahl
KEYWORD: ARIZONA UNITED STATES NORTH AMERICA
SECTOR KEYWORD: MOBILE/WIRELESS NETWORKS INTERNET PROFESSIONAL SERVICES OTHER CONSTRUCTION AND REAL ESTATE TECHNOLOGIES RESIDENTIAL BUILDING AND REAL ESTATE COMMERCIAL BUILDING AND REAL ESTATE CONSTRUCTION AND REAL ESTATE REIT FINANCING OTHER TECHNOLOGIES
SOURCE: Stoa USA Inc.
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PUBLISHED: 08/11/2022 2:45 p.m. / DISK: 08/11/2022 2:47 p.m.