Momnt, a fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate sector, have closed an asset-backed revolving warehouse facility of up to $200 million from Macquarie Group.
The facility provides the Momnt/Saluda Grade joint venture with the additional capacity to purchase Momnt-facilitated home improvement loans, allowing the joint venture to provide U.S. homeowners with improved access to home renovation financing and to continue its success in broadening institutional support of the asset class via securitization.
Headquartered in Atlanta, Momnt launched its platform in 2020 in the home improvement industry and has since grown to become one of the preeminent market leaders in point-of-sale financing.
“We believe Momnt is poised to become a market leader in home improvement financing via