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FlyHomes
Tushar Garg’s FlyHomes built a wholesale bridge-lending platform that has powered $6.7B in real estate transactions by letting buyers purchase before they...
FlyHomes
FlyHomes launched in 2016 after Garg and Lane, frustrated by the financial and logistical friction of moving, became licensed real estate agents themselves to map the pain points from the inside. The company is not a traditional brokerage or a direct lender; it is a venture-backed financial-technology platform that supplies mortgage brokers and real estate agents with a suite of bridge-financing products under the umbrella brand "Buy Before You Sell." Backed by $190 million from investors including Norwest Venture Partners, Andreesen Horowitz (via TrialPay connections), and Canvas Ventures, FlyHomes built a wholesale model that now touches 30,000 in-network loan officers. The company’s strategy centers on three bridge products: FlyHomes Cash Offer, which converts a financed bid into a cash-like offer; Instant Equity, which advances a buyer’s current home equity before sale; and a Guaranteed Backup Contract that lowers a buyer’s reported debt ratio. The geographic footprint is national but is anchored in West Coast transactions; a disclosed case in Anaheim, California illustrates the model, where a FlyHomes Cash Offer beat 21 competing bids for a $1.027 million home. The firm reports $2.2 billion in total funded loan volume alongside the $6.7 billion in real estate transaction volume since inception. FlyHomes is privately held with no disclosed public-fund structure. Venture funding has underwritten the platform rather than a balance-sheet lending model. The firm maintains a lightweight capital structure that relies on bank partnerships to fund its bridge loans. Since 2016, more than 6,800 homebuyers and sellers have transacted through its ecosystem. While FlyHomes, Inc. houses the brokerage license, FlyHomes Mortgage, LLC — a wholly owned subsidiary — issues loans, keeping regulated mortgage activity walled off from the tech platform. The company’s structural differentiator is its conflict-free wholesale stance. Because FlyHomes carries no retail loan officers, every loan officer who uses its bridge products keeps their client; FlyHomes is a behind-the-scenes product engine rather than a customer-acquisition competitor. That architecture turns the traditional mortgage brokerage tension — who owns the borrower — into a distribution advantage that has drawn thousands of independent originators to its suite of tools.
General information
Firm type
Asset Manager
Year founded
2016
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Seattle
Corporate office
Seattle, WA, United States
Principals
Tushar Garg
CEO, Co-Founder
Steve Lane
CFO, Co-Founder
Sector focus
Frequently asked questions
Who runs FlyHomes and what was their background before founding the company?
Tushar Garg serves as CEO and Steve Lane as CFO; the two co-founders met in business school in 2015. They became licensed real estate agents early on to understand the home-buying process from the inside before building FlyHomes’ product suite. Before FlyHomes, Garg’s background included machine-learning roles and Lane’s experience spanned real estate and finance.
How does FlyHomes generate revenue if it has no in-house loan officers?
FlyHomes earns income on the financing spread and fees embedded in its bridge-loan products. Because it operates a wholesale lending platform, the loan officer who brings the borrower to FlyHomes retains the client relationship, while FlyHomes collects wholesale mortgage compensation. This structure also allows it to scale without competing with the loan officers it serves.
Is FlyHomes a real estate brokerage, a mortgage lender, or a technology company?
Legally, it is all three under a corporate umbrella. FlyHomes, Inc. holds the brokerage license and manages the technology platform, while FlyHomes Mortgage, LLC is a wholly owned subsidiary that originates and funds bridge loans. Venture investors have funded the platform as a fintech company rather than a traditional mortgage bank.
What does 'Buy Before You Sell' actually mean for a homebuyer?
Buy Before You Sell is a suite of bridge-finance products that let homeowners purchase their next home before selling their current one. A FlyHomes Cash Offer converts a financed bid into a cash offer, Instant Equity advances home equity for the down payment, and a Guaranteed Backup Contract removes the current mortgage from the buyer’s debt-to-income calculation. The goal is to eliminate double moves and contingent-offer weakness.
Who backs FlyHomes financially, and what does the venture capital support?
FlyHomes has raised $190 million in venture capital, with disclosed board members linked to Norwest Venture Partners, Canvas Ventures, and a16z (Andreesen Horowitz) via the TrialPay network. The capital funds product development and platform operations rather than a proprietary balance sheet for loans, which are funded through mortgage-bank partnerships.
What is FlyHomes' geographic coverage, and does it operate nationwide?
The firm’s website indicates a national footprint serving loan officers and agents across the United States, but disclosed case studies and volume data emphasize West Coast markets such as California and Washington. FlyHomes has not published a state-by-state licensing heatmap, so full geographic penetration cannot be independently verified from public materials.
Does FlyHomes plan to hold bridge loans on its own balance sheet, or is it purely an intermediary?
Publicly available materials describe FlyHomes Mortgage originating bridge loans that are refinanced into permanent mortgages by external lenders. The firm does not disclose owning a long-term loan portfolio, and its venture-capital structure suggests an asset-light, origination-and-distribution model rather than a balance-sheet holding strategy.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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