Better Home & Finance Holding Company announced the successful one-year renewal of its warehouse credit facility with a leading global investment firm, increasing the Company?s capacity of that facility from $250 million to $350 million. The expansion comes after the Company grew its total warehouse capacity to $750 million the week prior. Following this renewal, the Company's total warehouse capacity will increase from $750 million to $850 million, providing greater funding certainty as the Company continues to scale origination volume.
Notably, a portion of the facility is committed, signaling the strength of the lender relationship and conviction in Better?s business at an important moment of growth.
