OfferPad Plans Launch In Los Angeles After $260M Funding

OfferPad, a startup which operates an online service which provides instant home buying offers to homeowners, is planning to launch its service in Los Angeles, after raising $260M funding. OfferPad, which is based in Arizona, said the funding came from LL Funds LLC. The funding is split between $30M in equity and $230M in debt. OfferPad lets homeowners enter their address and gives them an offer on the house, buying homes directly from homeowners. The company says it is launching in Los Angeles this month. More information »