Nada Holdings, a financial technology company specializing in home equity solutions, has finalized a $150 million forward flow purchase agreement with Medalist Partners, a New York-based investment management firm focused on structured credit and asset-based private credit. Under this agreement, Nada will sell up to $150 million of its Home Equity Agreements (HEAs) to Medalist, providing institutional capital to support the national expansion of Nada’s HEA product and broaden access for homeowners seeking non-debt equity solutions.
This partnership addresses a market where U.
S. homeowners possess over $35 trillion in home equity, yet many households face challenges with higher borrowing costs and reduced affordability. HEAs offer an alternative for homeowners to access liquidity without incurring additional monthly debt, aligning long-term financial outcomes between homeowners and investors.
John Green, Founder and COO of Nada, stated, “This program represents an important milestone for Nada and for the broader home equity investment market. Partnering with Medalist allows us to scale with institutional discipline while continuing to deliver a differentiated, non-debt solution for homeowners. The structure provides durable capital to support long-term growth.”
Medalist Partners’ investment underscores a growing institutional interest in HEAs as an emerging residential asset class. This asset class offers exposure to residential real estate, complemented by structural protections and a shared alignment of interests between homeowners and investors.
Greg Richter, CEO of Medalist Partners, commented, “We’re excited to support Nada in expanding its presence as a leader in the growing home equity agreement space. We look forward to working with Nada to bring these much needed alternative financing solutions to homeowners through this partnership.”
Nada operates as a financial technology company that provides homeowners with access to their home equity through innovative financial products and an integrated homeowner finance platform. Its flagship HEA product offers a debt-free method for homeowners to unlock equity and is currently available across 14 U.
S. states, with plans for further expansion. The company is backed by investors including LiveOak Ventures, Interlock Partners, and Nomura Strategic Ventures.
Medalist Partners is an alternative investment management firm headquartered in New York, specializing in securitized credit and asset-based private credit. Its clientele includes a diverse range of institutional and retail investors. The firm is led by partners Greg Richter, Michael Ardisson, Jim Buccola, and John Slonieski, who bring extensive experience in asset finance, structured products, securitization, investment banking, and credit underwriting from their previous roles, including leading Credit Suisse’s global specialty finance and securitized credit business.
