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Flyhomes adds Figure marketplace channel for Buy Before You Sell loans
The partnership is designed to support up to $2.4B in annual Buy Before You Sell loan volume as adoption grows.
Flyhomes has partnered with Figure Technology Solutions to route its short-term bridge loans through Figure’s Democratized Prime marketplace, adding a new financing pathway to support the company’s wholesale lending platform. According to HousingWire, the added channel targets up to $2.4 billion in annual Buy Before You Sell volume as adoption increases. Flyhomes’ eligible bridge loans originated by the company will flow through Democratized Prime, connecting the financing with both institutional and retail capital providers, while keeping lending partners as originator of record through Flyhomes’ wholesale model. HousingWire reports that Flyhomes says the Figure partnership becomes a third strategy for funding its loans, alongside selling some loans to whole-loan investors and financing others on its balance sheet. Flyhomes’ CFO and co-founder Ryan Dibble said the additional capacity is intended to keep the company’s growth unconstrained, increase loan volume, and help build a longer performance history for its bridge loans. Figure Chief Capital Officer Todd Stevens said Flyhomes’ bridge loans fit Democratized Prime because they address equity lock-in, allowing homeowners to move by using short-term financing secured by residential property equity until their current home sells.