Non-bank lender Real Flow has secured a $50 million financing warehouse from iPartners to accelerate its growth in Australia and New Zealand.
CEO Justin Steer said it had been a busy six months for the award-winning proptech which specialises in both vendor and real estate agent loans.
Real Flow’s New Zealand brand, List Now, also received a strategic investment from Trade Me Property and the companies will jointly run an interest-free promotion to support the industry.
In other milestones, Real Flow recently launched an equity release product, to help vendors break free from the financial limbo period after selling a property by providing early access to equity ahead of settlement.
Real Flow’s equity release product is available to vendors in Australia and New Zealand and specialises in simplifying bridging finance, offering no upfront costs, a digital application process and same-day approval and funding process.
The service joins Real Flow’s other niche finance products focused on removing the funding frictions that exist in real estate transactions from marketing, staging, and styling through to moving and relocation costs.
For real estate agents, Commission Flow provides a simple and flexible working capital solution to help bridge the gap between sale and settlement. It offers agents fast online applications, same-day approvals and no lock-in contracts.
Justin said Commission Flow empowered real estate agents, giving them greater control of their cash flow with early access to pending commissions on unconditional sales.
Justin founded Commission Flow in 2013 with a vision to change the way principals accessed the finance they needed to grow. The business has evolved and is focused on providing fast access to funds to maximise the selling potential for all parties in the selling journey.
A Proptech Awards 2023 winner in Ownership, Affordability and Finance, Real Flow was a finalist in the same category in both 2022 and 2021.