“For the first time in history, single family homes are an institutional asset class,” Herman told TechCrunch. “You have Blackstone and other private equity firms or sovereign wealth funds that are buying full neighborhoods with all-cash offers. And so, in this environment with constrained supply and increased demand, the average American is being excluded from accessing single-family housing, And that’s what we’re here to help solve.”

https://techcrunch.com/2021/10/20/upequity-a-digital-mortgage-startup-that-makes-all-cash-offers-secures-50m-in-debt-and-equity/