Habi, a proptech that is the largest buyer and seller of used homes in Colombia and Mexico and the largest mortgage originator in Colombia, has entered into a $100 million credit facility with Victory Park Capital (VPC), a Chicago-headquartered global alternative investment firm specializing in private credit.
According to the companies, the new financing marks the launch of a partnership that will enable Habi to expand its portfolio of residential products.
“At Habi, our mission includes improving the home-buying and selling process for millions of families in Colombia and Latin America,” said Brynne McNulty Rojas, CEO and co-founder of Habi, which is headquartered in Bogota, Colombia. “We are proud to have provided more than 30,000 families to date with helpful information and easy-to-use technology during the most important financial decision of their lives. With VPC’s support, we aim to serve thousands more by offering a more robust portfolio and even more nimble and reliable processes.”
“We believe in Habi’s mission to empower Latin American families and provide a smoother, more accessible home buying and selling process,” added Gordon Watson, partner at Victory Park Capital. “We are also confident that the proptech industry in Latin America is primed for growth, and our partnership with Habi is a testament to that.”
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