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Downpayments wants to offer real estate investors interest-free financing
The National Association of Realtors' venture arm has invested $1 million in the startup, which spun out of Australia's Futurerent.
Downpayments, a real estate fintech startup, is emerging from stealth today with the mission of helping investors purchase new properties with interest-free down payments. The Miami-based startup, which spun out of Australian company Futurerents last October, says it’s able to give investors a way to leverage their existing equity toward making a new purchase without having to refinance their properties. Dinh told TechCrunch that Downpayments is able to offer interest-free down payment funding by packaging in-house buyer’s agency brokerage services paid for by sellers.
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