Are you ready to step into the next chapter of real estate innovation and growth? Inman Connect New York awaits you on Jan. 22-24, 2025, where you can learn, connect, and be part of the changing landscape of homeownership.
- Acre Homes Raises $10 Million in Seed Round:
- Acre Homes, a forward-thinking company focused on consumer-driven solutions for homeowners, recently closed an Anthemis-led seed round, bringing its total fundraising to $10 million.
- While the exact amount of the latest funding round remains undisclosed, it has drawn support from various funds, including Sovereign’s Capital, Home Technology Ventures, and Studio VC, among others.
- Acre’s Innovative Model:
- Acre Homes offers an alternative finance model that allows buyers to build equity through short-term mortgages of three to five years on homes purchased through Acre.
- The model includes low down payments, approximately five percent, paid directly to Acre, giving buyers the flexibility to buy the home at the end of the term, transfer the equity to another Acre home, or take it with them.
- Financial Benefits for Customers:
- On average, Acre customers save $9,000 in purchase costs and are projected to benefit from an additional $50,000 through ongoing savings and home appreciation.
- The company’s offerings cater to a range of financial needs, with variations based on equity percentages, terms, and timeframes.
- Expansion Plans and Market Reach:
- With its recent funding, Acre Homes plans to expand its operations and impact by reaching more prospective homebuyers.
- The company recently launched in Atlanta, following its successful ventures in Raleigh and Durham, North Carolina, in 2021.
In conclusion, Acre Homes is revolutionizing the homebuying experience by providing cost-effective solutions and innovative financing options for buyers looking to step into homeownership with confidence. Join the movement and be part of the transformation in real estate.
