Facing lawsuits and enforcement actions by attorneys general in several states, the company said Thursday it would shut down about 2 weeks after being sued by Connecticut's Attorney General
$8.5M seed funding round led by Conversion Capital, with participation from Fifth Wall, Peter Thiel, QED Investors, Montage Ventures and Village Global
30-year loans of up to $5M provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don't require down payments, credit scores or US citizenship
The company, which focuses exclusively on dated and distressed properties, plans to use the funds to expand to new markets beyond Southern California
The startup is wagering that as widespread pandemic-induced unemployment continues to grow, homeowners will consider tapping into home equity