UpEquity, a real estate financing company, has announced a partnership with Silicon Valley Bank to enhance its services. CEO Timothy Herman emphasized the demand for their financing solutions, particularly their buy-before-you-sell options that launched in October 2023. UpEquity's revenue has reportedly tripled annually as they streamline the transition process for homeowners looking to buy new properties while selling their old ones. Setpoint, which has been supporting UpEquity financially, will deepen their collaboration to further accelerate this growth and improve customer satisfaction.
We are thrilled to work with Silicon Valley Bank and expand our relationship with Setpoint, Timothy Herman, CEO of UpEquity, said in a statement.
This new facility will allow us to help more customers with a smoother transition from their old home to the next.
UpEquity's revenue has tripled annually since it began offering its buy before you sell solutions in October 2023.
UpEquity gives homeowners a fast, streamlined path to their next home unlocking equity and eliminating friction in the process.
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