"We are thankful for our lenders' support in helping us enable homeownership for more Americans.
This milestone means Divvy can continue to meet growing market demand and respond to our customers' home buying needs." "We are grateful to our lenders, including Barclays, Goldman Sachs, Cross River Bank, LibreMax Capital and Brigade Capital Management, for their continued support in helping Divvy grow its portfolio. "Securing this additional debt capacity, along with a substantial reduction in our cost of capital, allows Divvy to continue scaling homeowner accessibility for more Americans," said Tom Egan, CFO and head of capital markets, Divvy Homes. More than 750,000 Americans have applied for Divvy's homeownership program since 2017. By unlocking market demand, Divvy has closed more homes in 2021 than in the four years since its founding and doubled its market share in the last 10 months. Divvy provides a third option that helps customers save for a down payment while living in their dream home. The real estate industry hasn't evolved to meet the new economy, serving only a fraction of the people who want to own a home. Historically, Americans only had two choices: rent or buy their homes. Divvy Homes is defining a new path for Americans to become homeowners.
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