Silicon Valley Bank (SVB) has provided a warehouse facility to UpEquity, an Austin-based mortgage technology company that offers solutions for home buyers to purchase a new home before selling their current one. The facility will provide up to $200 million in financing capacity and is expected to support $1 billion in originations over the next two years. UpEquity’s revenue tripled annually since it began offering its ‘buy before you sell’ solutions in October 2023. The new facility will help more customers with a smoother transition from their old home to the next. UpEquity’s innovative financing solutions and platform help real estate professionals close significantly more transactions by solving the challenge of buying and selling a home simultaneously. Setpoint Capital’s Managing Director of Investments, Kendall Ranjbaran, expressed enthusiasm for deepening their partnership with UpEquity as they enter this next chapter of growth. Trade Up gives you a guaranteed offer on your current home, allowing you to shop contingency free and make a stronger offer on your new home. Equity Advance unlocks the equity stuck in your old home to make a new down payment and helps you avoid carrying the cost of two mortgages.