ZeroDown, a San Francisco, CA-based real estate tech startup, received more than $100M in debt financing.
Credit Suisse provided the financial resources.
The company intends to use the funds to accelerate growth.
Founded in 2018, ZeroDown provides a real estate solution that gives people, starting in the Bay Area, to opportunity to select a home (via an online approval process), move in on their own schedule, and earn credits towards their down payment over time.
Launched publicly earlier this summer, the company purchases the home for homebuyers with an all-cash offer. Buyers pay monthly lease payments to ZeroDown and earn purchase credits that can be used to purchase the home after an agreed period of time.
In addition, the company offers a concierge service that provide customers with everything from cleaning to moving to ordering new furniture.
ZeroDown was founded in 2018 and has raised more than $30M in equity financing led by Sam Altman and Goodwater Capital.