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Swedish Property Startup Bodil Gets Funding as Home Prices Seen Falling

Jesper Eliason
Jesper EliasonPhotographer: Anna Rostrom/Bodil

Swedish startup Bodil has raised 110 million kronor ($10 million) from investors Einar Mattsson AB and YLD to help launch its offering of bridge financing for borrowers looking to buy a home.

Bodil’s Chief Executive Officer, Jesper Eliason, says the company will act as an intermediary by buying the house for the customer and then lending it back against a combination of fixed rent and a savings plan. “Within about ten years the client can buy the house in full with the help of a traditional mortgage,” he said by phone.