Replacing the large upfront rent payment
Rize pays the landlord under a master lease and subleases the home to an eligible tenant, who pays monthly through Saudi Arabia’s Ejar system. The platform handles the rental arrangement rather than advancing a cash loan to the tenant.
Capital for the rental portfolio
Jadwa Investment provided a SAR187.5 million asset-backed Murabaha facility, reported as $50 million. It will finance residential rental contracts, leaving shareholder capital available for the company’s product, team and expansion.
Where the funding goes
- Finance the residential rental-contract portfolio