Reigo Investments announced an additional $100 million securitization in residential bridge loans, led as in June 2021 by Cantor Fitzgerald. In addition, the company closed a $13 million Series A funding round for additional R&D as well as US expansion. Leading the round was Caesarea Medical, which invests in fintech, insurance, and private equity sectors.
"The securitization features a 24-month revolving period, after which the transaction will begin to amortize," Reigo explained in a press release. "The pool of loans is business purpose loans, 100 percent senior positions with 6-24 months term. The finalization of this deal enables Reigo to increase the maximum loan amount provided for single family residential (SFRs), multifamily, mixed-use, and ground-up construction properties. "
"When we started Reigo three-and-a-half years ago, we wanted to take data science and real estate and create value," Yariv Omer, co-founder and CEO, told GlobeSt.com last year.
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