Divvy Homes Taps Blackstone’s John Lee as COO

Divvy Homes Promotes Lucia Franzese and Shirley Lin to Executive Leadership Team; Promotes Three to VP Roles and Adds Four New VPs to its Roster SAN FRANCISCO – January 13, 2022 – Divvy Homes, a market leader in the proptech industry, announced today a number of new hires and promotions spurred on by significant financial backing and market opportunity. John Lee will join Divvy Homes as the company’s new chief operating officer, while two Divvy leaders are promoted to the executive leadership team and seven vice presidents have been added to the roster. John Lee joins Divvy following nearly eight … Continue reading Divvy Homes Taps Blackstone’s John Lee as COO

Divvy Homes Announces $735M Debt Financing Just Two Months After Raising $200 Million in Series D

SAN FRANCISCO– October 12, 2021 – Divvy Homes, a market leader in the proptech industry, today announced that it has entered into new debt facilities totaling $735M. Combined with $200M raised two months ago from the Series D, Divvy Homes is well-capitalized to pursue its mission of making homeownership accessible to everyone. This debt financing will allow Divvy Homes to provide more Americans with a path to homeownership through its innovative three-year program.The funds will be used to refinance two existing debt facilities and provide substantial incremental capacity to buy new homes, supporting Divvy’s 10-year goal of helping more than … Continue reading Divvy Homes Announces $735M Debt Financing Just Two Months After Raising $200 Million in Series D

A letter to our customers, partners, and future homeowners

As we come to the end of a challenging year for Americans, we want to take a minute to reflect on what it’s meant for us as a company and for our customers. At Divvy, we’ve embarked on a bold mission to provide access to homeownership to more Americans. Through that mission, we’re creating greater financial stability and a better future for our customers. The U.S. housing market has historically been challenging for consumers and first-time home buyers to navigate—it can be expensive, exclusive, and opaque to take the first steps toward building equity in a home. We knew first … Continue reading A letter to our customers, partners, and future homeowners