OfferPad raises $150 million in equity and debt

IBuyer brings on new funding to buy more homes and compete with Opendoor

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OfferPad raised $50 million in equity financing led by the private equity firm LL Funds, a returning OfferPad investor, and $100 million of debt financing through an extension of OfferPad’s existing credit facilities. OfferPad raised this funding during the first part of 2018.