Downpayments, a Miami, FL-based provider of interest-free down payments for property investors, announced the general availability of its services in Florida, in addition to $32.8M in initial debt funding from Partners for Growth, and equity from Second Century Ventures (backed by the National Association of Realtors).
The company will use this new capital to power over $200M in investment property transactions.
Founded by Godfrey Dinh, Downpayments leverages developments in open banking and AI to help the consumer navigate the necessary complexity of handling multiple mortgages and expenses, with actionable insights supported by interest-free capital.
Downpayments also provides buyer representation as a registered in-house brokerage, to ensure clients are getting the best deal possible.
It is an arm of Futurerent, the Australian company empowering property investors with on-demand access to their rental income. Downpayments is currently available in Florida, with plans to expand throughout the United States.
FinSMEs
11/01/2024