This just in – we’re announcing the closing of a finance round of $150 million. Over the last year and a half, OfferPad has raised more than $410 million in equity and debt financing.
Based on current monthly volume, we are projected to purchase and sell more than $1.5B of single-family homes over the next year. We’re proud of the milestones and accomplishments happening in our offices across the U.S.
We are helping to define an industry that provides consumers a better way to buy and sell a home. And this latest round of funding will allow us to buy more homes and expand our services to reach more people.
After years of working in various real estate endeavors independently, our co-founders Brian Bair and Jerry Coleman teamed up in 2009. Since that time, the real estate pioneers have bought and sold tens of thousands of homes across the U.S. The industry knowledge they gained along the journey provides them with unique insight into what homeowners and the on-demand consumer are desiring today.
Before Offerpad, homeowners selling a house were challenged with not knowing how long their home may sit on the market and what costs they would incur throughout that time; they were bothered with managing renovations, strangers entering their home, and not knowing the amount their home would ultimately sell for. Brian, Jerry, and team knew, there was a better option.
Since 2015, Offerpad has been removing some of the pain points and uncertainty when buying or selling a home. Thousands of homeowners have experienced the ability to move freely through OfferPad.
OfferPad is a privately held company, headquartered in Gilbert, Arizona, with available homes for sale in Atlanta, Charlotte, Las Vegas, Los Angeles, Orlando, Phoenix, Salt Lake City, Tampa and others.
You can read more about the news on Forbes.