Deals
Thiel-Backed Mortgage Lender Generation Home Raises $1.3 Billion
- Startup secures funds from U.S. asset manager Waterfall
- Funding will be partially financed by U.K. bank Barclays
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Generation Home, a U.K. mortgage lending startup whose backers include billionaire Peter Thiel, has raised 1 billion pounds ($1.3 billion) in debt financing from Waterfall Asset Management LLC.
The money will be used by Generation to lend more to first-time home buyers, according to a statement Monday. The funding will be partially financed by Barclays Plc.