UpEquity Secures Warehouse Facility from Silicon Valley Bank and Setpoint

Core Insights - Silicon Valley Bank (SVB) and Setpoint have provided a $200 million warehouse facility to UpEquity, which is expected to support $1 billion in originations over the next two years [1][2] - UpEquity has experienced significant growth, with its revenue tripling annually since launching its 'buy before you sell' solutions in October 2023 [2][3] - The partnership aims to enhance UpEquity's ability to assist customers in transitioning between homes more smoothly, addressing the challenges of simultaneous buying and selling [3] Company Overview - UpEquity offers innovative solutions for homebuyers, including the Trade Up Program and Equity Advance program, which enhance negotiating leverage and provide access to home equity for down payments [5] - SVB specializes in providing banking services to innovative companies across various sectors, including technology and healthcare, and has over $200 billion in assets [4] - Setpoint Capital focuses on asset-backed private credit opportunities and integrates financial expertise with operational excellence to create efficient capital solutions [6]