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Apex Trader Funding (ATF) - News

Samara Launches Proprietary Financing Product to Bring More Space to Millions of Homeowners

Samara is the first and only company to vertically integrate the entire ADU process The new, one-of-a-kind financing product aims to solve one of the core hurdles to widespread ADU adoption REDWOOD CITY, Calif., June 20, 2024 (GLOBE NEWSWIRE) -- Today, Samara Finance, LLC, a wholly-owned subsidiary of Samara, announced it launched a first-of-its-kind financing product, making it easier for homeowners to finance Backyard, its accessory dwelling unit (ADU). Now, Samara uniquely manages the ADU process from conception to completion, handling everything from product design and prefab manufacturing, to permitting, delivery and installation, to financing. The new financing option makes it possible for homeowners to add flexible space to their homes with competitive rates. This enables the company to accelerate expansion and deliver more units in 2024 and beyond. Born out of Airbnb's R&D unit, Samara is an independent company revolutionizing how homeowners can add extra living space to their homes without costly, stressful and time-intensive renovations. Purchasing a high-quality ADU has historically been unrealistic for many. Homeowners either have to take out a hefty second mortgage with very high interest rates or make an outright purchase in full. Samara's financing product is a new tool that enables homeowners to add more flexible square footage to their properties, a decision that is gaining ...