Habi, the leading residential technology company in Spanish-speaking Latin America, announced that it has entered a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.
This financing is the beginning of a partnership between VPC and Habi to bring more innovation to the sector. Habi plans to continue building on the extensive portfolio of residential products it has created since 2019 and increasing its volume of used home purchases and sales in Colombia, thereby enabling thousands of middle-class families to access housing in an agile, secure, and transparent manner.
Habi is the largest buyer and seller of used homes in Colombia and Mexico, and the largest mortgage originator in Colombia. Through the efficient use of data and technology, the company has reduced the time it takes to sell a home by 30x, going from an average of more than 10 months to just 10 days, through a reliable and trustworthy process.
Habi, Colombia’s second unicorn, is the leading residential real estate company in Spanish-speaking Latin America on a mission to unlock access to liquidity and information for Latin American families. Habi’s data-driven approach allows it to offer a range of products and services – including iBuying, brokerage, financial services, marketplace, and a free home e-valuation tool. For more information.