Nada

Nada's Home Equity Agreement (HEA) provides homeowners a lump sum of up to $500,000 in exchange for a share of the home's future appreciation. Homeowners face no monthly payments, and Nada realizes its return when the property sells or is refinanced. The structure shares both upside and downside, aligning Nada's outcome with the homeowner's.

Cityfunds are SEC-qualified securities that give investors fractional exposure to home equity shares in specific U.S. cities. Instead of buying property directly, an investor owns a portfolio of Home Equity Agreements tied to homes in a target urban market. This provides residential real estate exposure with liquidity and downside sharing built into the agreements.

Jesse Stein serves as Chief Investment Officer, overseeing portfolio construction and HEA underwriting. Justin Wang leads capital markets as VP, managing the firm's institutional funding relationships — notably the $150 million partnership with Medalist Partners closed in January 2026. The investment team blends fintech credit structuring with traditional real estate asset management.

Nada joined the Coalition for Home Equity Partnership as the fourth originator member in December 2025 (per EIN Presswire, December 2025). The coalition brings together HEA originators to establish industry standards and advocate for the shared-appreciation product category with regulators and consumer groups.

Cityfunds shares are SEC-qualified, potentially enabling secondary market liquidity depending on the structure of each offering. However, Nada's core return mechanism is tied to natural home sale or refinance events — the firm does not market itself as a liquid trading platform. The holding period is inherently tied to the underlying homeowner's timeline.