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Homeward Secures $120 Million Series D Equity and $330 Million in Debt to Expand Cash Offer and Bridge Financing Solutions for Real Estate Agents and Their Clients

Saluda Grade leads round; Funding to grow Homeward’s proptech financial solutions and platform

AUSTIN, Texas — 10/1/2026 — Homeward, a leader in cash-backed real estate financing solutions, today announced $120 million in equity financing and $330 million in asset-backed debt facilities. The new capital will expand Homeward's cash offer and bridge financing solutions, enhance the technology powering its integrated home buying and selling platform, and accelerate growth nationwide across the 48 contiguous states.

More than two million licensed real estate professionals guide buyers and sellers through home transactions every year. In today's market, homes can take longer to sell, making it harder for homeowners to move when they want to and for agents to keep transactions on track. Homeward helps address these challenges with technology-backed financing solutions that remove home-sale contingencies, provide fast access to home equity, and strengthen purchasing power.

"Guidance and expertise from trusted real estate agents will always be at the center of every successful home transaction," said Tim Heyl, founder and CEO of Homeward. "We're agents ourselves, so we built Homeward to help fellow agents solve the real problems their clients face every day. This investment allows us to expand our cash offer and bridge financing solutions, helping agents win more business, deliver a better client experience and close more deals."

Led by Saluda Grade, an alternative investment firm specializing in asset-backed credit, alongside Continental General Insurance Company, Citi Ventures, Magnetar, Harmony Partners, Norwest, Adams Street Partners, LiveOak Ventures, Parker89, Era Ventures, Javelin Venture Partners, and others, the $120 million series D investment builds on Homeward's differentiated approach to seamless buying and selling. The $330 million asset-backed debt facility will be used to fund more home transactions.

“Homeward is solving a financing problem that arises at a consequential moment for homeowners and their agents,” said Ryan Craft, founder and CEO of Saluda Grade. “Tim and his leadership team have extensive experience in this market and have made commendable progress in proving their operating model. We are pleased to support this exceptional team and are enthusiastic about the opportunity this asset class presents.”

Homeward offers a suite of cash offer and bridge financing opportunities:

• Buy Before You Sell gives homeowners the convenience to purchase their next home before selling their current one through short-term bridge financing and a guaranteed backup offer that removes the home sale contingency.
• Cash Offer provides homeowners with the speed and certainty of a cash sale while allowing them to participate in the upside when the home is later resold.
• Buy with Cash enables buyers to make competitive cash-backed offers and then refinance into a traditional mortgage after closing.

"Every transaction presents a different challenge," said Andrew Franklin, CEO of the Franklin Team at eXp Realty. "We've completed dozens of transactions with Homeward because their cash offer and bridge financing solutions give our agents the flexibility to solve problems, keep deals together and ultimately achieve their goals."

Since its founding, Homeward has partnered with more than 25,000 agents and facilitated over four billion in residential real estate transactions.

"In this slow moving market, our clients need to know their existing home will sell in time,” said Chris Marti, CEO of NuMouve at Keller Williams. “Homeward gives us a guaranteed solution, keeping our deals moving. That's how we win listings and get more referrals."

Homeward's technology platform also brings together Homeward Mortgage and Homeward Title services into an integrated experience for agents and their clients. By connecting every stage of the transaction, Homeward helps streamline the home buying and selling process while giving buyers, sellers and agents greater visibility and confidence from offer through closing.

About Homeward

Homeward helps real estate professionals better serve their clients and grow their business through an integrated suite of home buying, financing, mortgage and title solutions. Homeward helps buyers make more competitive offers, removes common transaction barriers and gives buyers and sellers greater certainty throughout the home buying and selling process. Headquartered in Austin, Texas, Homeward operates in markets across the United States. Learn more at www.homeward.com.

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AUSTIN, Texas, June 29, 2022 — Ernst & Young LLP announced on Friday that Tim Heyl, Founder and CEO of Homeward, was named an Entrepreneur Of The Year® 2022 Central South Award winner. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed.

Heyl was selected by an independent panel of judges that considered his entrepreneurial spirit, purpose, growth, and impact, among other core contributions and attributes. Forty-four finalists were selected, and fifteen were named winners for the Central South region. Heyl was the only entrepreneur with a company in the residential real estate space.

"It's been a long-term mission of mine to make a difference in the lives of others, and I'm humbled that EY recognized me in a field of equally impressive and innovative entrepreneurs," Heyl says. "I am inspired every day by the entrepreneurial spirit and can-do attitude of the real estate agents we partner with. This award is a testament to them, the entire Homeward team, and our investors."

Homeward is a modern home finance company that helps real estate agents and their clients overcome the limitations of traditional mortgages and buy a home with cash. An agent himself, Heyl noticed a pattern — Buyers couldn't make an offer on a new home until they sold their old home. In December 2018, Heyl decided to try and solve this problem. He bought the house his client wanted with his own money, then sold it back to the client once he had finalized his mortgage. Homeward's first service, Buy Before you sell, was born.

To scale this solution and enable other agents to use it, Heyl created Homeward. And eventually launched a second service, Buy with cash, allowing those without a home to sell first to make an all-cash offer.

Thanks to Heyl's leadership and record-breaking growth in 2021, Homeward secured growth capital of $371M, including $136M in equity and $235M in debt. This enabled the hiring of more than 250 new employees in 2021 alone, in the midst of a pandemic. Scaling quickly has spring-boarded Homeward's ability to innovate on behalf of the agent, who is central to all of Homeward's transactions.

As a Central South award winner, Heyl will now be considered by the National independent panel of judges for the Entrepreneur Of The Year 2022 National Awards. National finalists and winners, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced in November at the annual Strategic Growth Forum®. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2023.

About Homeward

Homeward is a modern home finance company that helps real estate agents and their clients overcome the limitations of traditional mortgages. The Homeward Cash Offer eliminates finance, home sale, and appraisal contingencies, enabling homebuyers to win with cash and, when necessary, to buy their new home before they sell their old one. Homeward has an office in Austin, TX, but operates with a fully remote workforce. If you're an agent, please visit homeward.com to learn how to make every client a cash buyer.

About Entrepreneur Of The Year®

Entrepreneur Of The Year is the world's most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy

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SEATTLE, June 28, 2022 — Homeward, a modern home finance company that partners with real estate agents to give every buyer the power to buy with cash before they sell a home, announced it has expanded to serve Washington. This expansion, partnered with Homeward's launch in Oregon, also announced today, marks a significant milestone for the business as it enters the West Coast markets.

Founded by Tim Heyl, an agent himself, Homeward offers the broadest set of solutions for both home buyers and sellers looking to leverage the power of cash in the real estate market. "Our move into Seattle marks a pivotal moment for Homeward as we grow our business, driven largely in part by our vast network of real estate agents requesting our products here," says Tim Heyl, Homeward's CEO and Founder. "This region has set the standard for innovation and is home to many early adopters in the tech industry. We couldn't be more excited to work with real estate agents and their clients to make homebuying more accessible, equitable, and simplified."

By partnering with real estate agents, Homeward will make a cash offer on behalf of the agent's client, eliminating the finance, home sale, and appraisal contingencies. This helps a home buyer's offer stand out and, when necessary, buy their new home before selling their old one. Clients then obtain a mortgage from Homeward or the client's preferred lender and buy the home back from Homeward.

Homeward's Cash Offer is now available across the state of Washington, with a focus on the metro area of Seattle. As one of the country's most popular markets, the median home price in the Seattle metro area increased 14% last year to $868,492 in Q1.

"This area is experiencing a drastic increase in valuation, and even with a softening market, inventory still hasn't caught up to buyer demand," says Brian Gubernick, Chief Real Estate officer at Homeward. "We're providing more than just a strong offer for buyers — we're offering confidence for sellers who don't have to worry about the uncertainties of a traditionally mortgaged offer and the speed of a faster close in as little as 14 days."

Cash offers are four times more likely to drive better terms because sellers prefer contingency-free contracts, and they know the transaction will close on time without any surprises. For clients that need to sell their current house before purchasing a new one, Homeward's Buy Before You Sell solution makes that a reality, while helping them save money on transaction fees and closing costs and getting them in their new home faster.

Homeward has continued to build on last year's success. With expansions into Florida, Washington, and Oregon regions this year, Homeward plans to be in 20 markets by the end of 2022. Through February 2022, the company recorded a revenue increase of around 5x year over year while launching partnerships with over 50 brokerages across the country.

About Homeward

Homeward is a modern home finance company that helps real estate agents and their clients overcome the limitations of traditional mortgages. The Homeward Cash Offer eliminates finance, home sale, and appraisal contingencies, enabling homebuyers to win with cash and, when necessary, to buy their new home before they sell their old one. Homeward has an office in Austin, TX, but operates with a fully remote workforce. If you're an agent, please visit homeward.com/washington to learn how to make every client a cash buyer.

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