Realty Assist, a leading provider of ‘buy-now-pay-later’ solutions for real estate finance, has successfully raised $24 million in funding. The funding round was led by CPS Capital, a prominent investment firm. Alongside a $4 million contribution from private investors, Realty Assist also secured a significant $20 million warehouse funding facility. Notably, the company garnered support from key industry players such as The Agency and Laing+Simmons.
Expressing enthusiasm about the recent developments, Sam Rettke, the CEO of Realty Assist, stated, “We are thrilled to have received financial backing from investors and are experiencing substantial growth with a large client base. This comes at the perfect time, just before the Australian summer, when we anticipate a surge in property demand across the nation. Particularly as major property markets like NSW emerge from COVID lockdowns and society begins to reopen, we believe many Australian property owners and investors have been eagerly awaiting this moment.”
Jason Peterson, the Managing Director of CPS Capital, emphasized the strong interest shown by sophisticated and professional investors worldwide in both equity and debt offerings. This highlights the remarkable appeal of Realty Assist’s real estate finance products in the market.
With this significant funding secured, Realty Assist is well-positioned to further expand its operations and meet the growing needs of property buyers and investors.
The Afterpay of real estate
Realty Assist revolutionizes the real estate industry with its innovative digital financial products, streamlining processes for investors, homeowners, landlords, renters, and first-time buyers. By offering solutions such as Vendor Paid Advertising, commissions, settlement facilitation, and maintenance assistance, Realty Assist empowers individuals to navigate the market more efficiently.
Among Realty Assist’s cutting-edge offerings is SettlementCollect. This product enables members to tap into up to 80% of the equity from their property’s sale, granting them access to funds up to 60 days in advance. With SettlementCollect, investors and homeowners gain a significant advantage, particularly in competitive markets like Sydney, where they can secure properties at more favorable prices compared to traditional methods.
Realty Assist recognizes that the real estate landscape is evolving rapidly, and traditional processes often pose obstacles for renters and first-time buyers. To address these challenges, Realty Assist provides bridging loans and bonds, making it easier for individuals to enter the market. By facilitating financial support, Realty Assist paves the way for renters and first-time buyers to realize their dreams of homeownership.
In summary, Realty Assist’s digital financial products revolutionize the real estate sector by expediting processes such as Vendor Paid Advertising, commissions, settlement, and maintenance. Moreover, their solutions cater to the needs of renters and first-time buyers, offering bridging loans and bonds to help them overcome entry barriers. With Realty Assist, individuals can navigate the real estate market with ease and seize opportunities that would have otherwise been out of reach.
The CEO of The Agency, Matt Lahood, expressed his belief that there is still a significant number of individuals who have yet to return to Australia. According to Lahood, approximately 40,000 expatriates are still striving to come back to the country. Consequently, a considerable portion of these individuals are likely to be interested in purchasing properties.
Lahood anticipates a surge in demand, particularly because many expats may not be able to return before Christmas. He predicts that this growth trend will likely persist until at least the middle of next year.
Leanne Pilkington, CEO of Laing+Simmonds, explained that her company decided to become a member of Realty Assist due to its comprehensive approach. Pilkington mentioned that they had spoken with several businesses that were already using Realty Assist and received overwhelmingly positive feedback regarding the available products and the exceptional level of customer service provided.
Furthermore, a growing number of Ray White and LJ Hooker branches are showing their support for Realty Assist.