Nada lands $300M to scale home equity agreements
What's the deal? Nada HoldingsDealroom has a profile for this one. Try Dealroom → has entered a forward flow purchase agreement providing up to $300 million of capital for Home Equity Agreements (HEAs) originated on its platform. The deal is with a private fund managed by O'Connor Capital SolutionsDealroom has a profile for this one. Try Dealroom →, the private credit strategy within O'Connor Alternative InvestmentsDealroom has a profile for this one. Try Dealroom →, which will buy HEAs from Nada.
How it works: An HEA gives homeowners cash in exchange for an agreed share of their home's future value, with no monthly payments. The agreement settles when the owner sells, refinances, buys out the HEA, or reaches the end of the term.
Why now? Higher mortgage rates have made traditional options costlier. Cash-out refinancing can force homeowners to swap an existing mortgage for a higher-rate loan, while HELOCs and home equity loans require monthly payments and income-based underwriting.
What's the endgame? The new commitment brings institutional capital supporting Nada's HEA program to as much as $500 million and gives it multiple funding sources as it scales. Forward flow agreements let Nada keep originating without holding every HEA on its balance sheet.
The deal follows a capital partnership with Medalist PartnersDealroom has a profile for this one. Try Dealroom → announced in January 2026 — Nada's second major institutional relationship in under a year. Nada said HEA originations rose more than tenfold year over year in the first half of 2026.
By the numbers: US homeowners held roughly $35 trillion in home equity as of the first quarter of 2026, according to Federal Reserve data cited by the company. O'Connor Capital Solutions has invested more than $6 billion since inception, across asset-based finance and corporate capital solutions.
"Partnering with OCS marks an important next stage in Nada's growth," founder and president John Green said. Joshua Mercado, managing director and head of asset-based finance at OCS, said the firm viewed the HEA structure as a way to gain exposure to US residential real estate, citing Nada's technology and ability to originate at scale.
The signal: At $300 million, this ranks among the largest debt rounds for a US mobile app fintech — above the 96th percentile all-time. It reflects growing institutional appetite for tapping the vast pool of housing wealth locked outside traditional lending.
Read more: citybiz.co
Image credit: Balmain & Glebe Heritage
