In a Securities and Exchange Commission filing on Oct. 4, Opendoor revealed it has entered into an amended mezzanine debt facility with a $3 billion limit. The amended mezzanine debt facility will bridge the gap between Opendoor’s debt and equity financing, and boost the iBuyer’s borrowing power to $9 billion.
Source: Inman News
Opendoor boosts homebuying power with $9B borrowing limit
Published in Andrew Low Ah Kee, Bloomberg, eric wu, funding, ibuyers, Industry News, mike delprete, opendoor, RedfinNow, Technology and Zillow Offers
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