benzinga65d ago
MIAMI, Jan. 29, 2026 /PRNewswire/ -- Proceeds will be used to execute AI-led roll-up of title and escrow companies to enhance operational efficiencies in fragmented $25 billion industry. Propy, a tech company using AI and blockchain to automate real estate closings, today announced that it has secured a $100 million credit facility from Metropolitan Partners Group ("Metropolitan"), a private investment firm that provides growth and situational capital to small and mid-sized non-sponsored businesses in the U.S. The financing will be used to consolidate title and escrow companies into an AI-powered, end-to-end closing platform.The announcement reflects a confluence of trends: mounting pressure to address the housing affordability issue, and AI reaching enterprise reliability. Transaction costs can approach 10% of a home's value due to multiple parties involved in the process and manual fragmented workflows. In many cases, associated fees and closing costs exceed the down payment itself, eliminating years of savings for U.S. homebuyers. Propy's technology aims ...Full story available on Benzinga.com