Downpayments, a Miami, US-based provider offering interest-free down payments for property investors, has announced the widespread availability of its services in Florida. The company secured $32.8 million in initial funding, a combination of debt from Partners for Growth and equity from Second Century Ventures, backed by the National Association of Realtors.
This infusion of capital, totaling $32.8M, positions Downpayments to facilitate over $200 million in investment property transactions. Founded by Godfrey Dinh, the company harnesses advancements in open banking and AI to simplify the complexities associated with managing multiple mortgages and expenses. It provides actionable insights supported by interest-free capital.
Additionally, Downpayments functions as a registered in-house brokerage, offering buyer representation to ensure clients secure optimal deals. As part of Futurerent, an Australian company empowering property investors with on-demand access to rental income, Downpayments currently operates in Florida and plans expansion throughout the United States.
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By Proptechbuzz
By Ravi Kumar
