Real Estate Startup Raises $ 165 Million Through Will Smith, Jay-Z

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New York Real Estate Startup Landis The company announced that it has raised $ 165 million in its Series A funding round.

Founded by Cyril Berdugo and Tom Petit in 2018 Nov..Landis’ mission is to do home ownership available to potential buyers who do not immediately meet the criteria.

Landis works with potential home buyers who cannot get a mortgage due to credit, no savings or debt, it said. Once verified, Landis supports those who have the potential to get a mortgage in a year or two. Landis then buys the house for the prospective buyer and rents it out until they can qualify for the mortgage and buy it. These tenants are also given access to Landis Instructors to help arrange mortgages.

The last round of funding was conducted by Sequoia Capital with participants from To arrive, a branch of Roc Nation Jay-Z, Will Smith’s Dreamers VK, and Signia Venture Partners

“We understand that people can get into difficult times, but no one should be permanently deprived of the right of ownership of housing. Regardless of the situation, we give our clients simple and achievable steps to qualify for a mortgage. Preparing for a mortgage is often stressful and difficult. Landis makes it easy, fun and affordable, ”Petit said in a statement.

From now on, the Landis Homeownership app can be used free of charge by anyone with an iPhone. The app platform displays the user’s credit, down payment, savings, and debt. It also outlines the steps you need to take to successfully obtain your mortgage.

“What makes Landis unique is our ability to teach anyone about home ownership,” Berdugo said in a statement. “This new funding will enable us to help more Americans on their journey to home ownership by expanding into new states, recruiting talent across the country, and delivering the best experience to our clients, agent partners, and lenders.”

Since launch, Landis has provided a total of $ 182 million in debt and equity.

“Landis is an innovative company that also has a social mission that we agree with. We are delighted to be part of a journey that is helping Americans get home ownership through financial education, ”Will Smith said in a statement.

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