Simply Capital Management

Simply Homes Raises $22 Million in Funding | The SaaS News https://hubs.la/Q02d5lTJ0

Simply Homes: Leveraging AI to Help the Affordable Housing Crisis https://hubs.la/Q02d5bj-0

Simply Homes raises $22m to tackle US housing affordability https://hubs.la/Q02d4Y4G0

Thank you James for believing in our vision -and mission- to transform homes and improve the lives of families in need through affordable housing. https://hubs.la/Q02cYgzW0

Thank you for the shoutout The Real Deal! We'll keep working on our mission of putting people first and providing solutions to make affordable housing a reality for those in need. Read more about it here! https://hubs.la/Q02cNZtg0 #SellToSimply #realestate #proptech #homeforsale #wholesaling #pittsburgh #cleveland #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

Exciting Announcement! At Simply Homes, Inc., we have successfully raised $22MM to fuel the growth of our mission, addressing a substantial part of the affordable housing crisis across the Midwest and beyond! This marks a significant milestone for us at Simply Homes because we firmly believe that housing instability is one of the most pressing social pandemics of our time. By providing renovated homes to those most in need through the U.S. Department of Housing and Urban Development's Housing Choice Voucher Program, we're not only addressing housing challenges but also driving future social and economic mobility. We recognized that Simply's ML-powered automated sourcing and underwriting platform could revolutionize the lower end of the real estate market. Manual underwriting of properties requiring work is time-consuming, and most institutional investors shy away from the effort. However, our platform allows us to rapidly underwrite not just a single property, but entire neighborhoods in minutes, considering the cost of renovation as part of the process. With a small amount of capital raised, we built a prototype portfolio and acquired our first home in Pittsburgh back in January. Since then, we've experienced rapid growth, expanding into new markets, and gaining tremendous support from investors who understand that profitability can go hand in hand with making a transformative impact on people's lives. Today, we are proud to announce that we're closing in on 100 units in our portfolio across three markets. We would like to express our heartfelt gratitude to everyone who have contributed and beliveved in our mission, specially Gutter Capital, James Gettinger, Dan Teran, Adam Corey, Max Priest, Tom Stults, Watchung Capital, Village Global, Carly Strife, T. Luke Sherwin, Neil Parikh, Gabriel Flateman, Philip Krim, and Jonathan Wasserstrum. Let's do this! #SellToSimply https://hubs.la/Q02cDbQx0