A company that smooths out the many rough patches in the road to investing in U.S. real estate from overseas is now better prepared to meet that growing need, according to a June 24 press release from Waltz, the tech-enabled property investing platform.
The company said it has secured a new $25 million line of credit from Setpoint Capital that will enable it to fund up to $1 billion in loan volume.
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The capital will “support Waltz’s official launch across Latin America (LATAM), with a focus on Mexico, Brazil, Colombia, and Argentina—the first three being the region’s largest sources of U.S. real estate investment,” the company said.
Waltz provides a digital on-ramp for foreign real estate investors to buy property in the United States. It helps them establish a banking presence, an LLC, gain an EIN, transfer currencies and safely wire funds. The company conducts direct marketing efforts to investors and works with real estate agents to educate them on workflow efficiencies and the financial requirements needed to assist families and investors hoping to own in the States.
“The demand from Latin America was immediate and that is not surprising — U.S. real estate is a blue chip investment for foreign nationals,” Yuval Golan, founder and CEO of Waltz, said. “The stability, rooted in the historical strength of the U.S. economy, facilitates wealth creation from financing options, the potential for passive income streams, and property value appreciation. When paired with customer-centric digital solutions, it becomes clear why digital platforms like Waltz resonate with today’s global investors.”
The National Association of Realtors found in its 2024 Profile of International Transactions in U.S. Residential Real Estate that residents of Canada lead in outside U.S. investment at 13 percent of foreign buyers. Then comes citizens from China (11 percent) and Mexico (11 percent). In total, foreign buyers account for $42 billion in total home sales, or 2.0 percent of the total $2.1 trillion market.
Waltz’s software experience was reviewed by Inman in 2024. It was recognized for how it flattened a typically convoluted process for the buyer and the other stakeholders common to the transaction.
“Because Waltz is ultimately a fintech solution and the lender behind most of its customers’ deals, it’s the primary source of truth for the deal. This means agents and brokers don’t have to wade through layers of logins or voicemails to find out which conduit has held up the transaction,” the review stated.
Waltz states that it has processed more than $300 million in loan applications across four continents since its launch a year ago and to date has raised $50 million.
