Rithm Capital Partners with Upgrade, Inc. to Acquire $1 Billion in Home Improvement Loans

Reuters

Aug 05

<a href="https://laohu8.com/S/RITM">Rithm Capital</a> Partners with Upgrade, Inc. to Acquire $1 Billion in Home Improvement Loans

Rithm Capital Corp. has announced a forward flow agreement with Upgrade, Inc. to acquire $1 billion in home improvement loans. This one-year agreement allows Rithm Capital to manage a high-quality pool of loans, enhancing its asset-based finance platform. Michael Nierenberg, CEO of Rithm Capital, highlighted the growing consumer market for home improvement loans and the company's capability to aid merchants in expanding their reach. Upgrade has facilitated nearly $2 billion in home improvement credit through over 100,000 loans, offering solutions to improve living spaces and energy efficiency. Renaud Laplanche, CEO of Upgrade, expressed enthusiasm for the partnership, citing Rithm's investment as a testament to the quality of assets generated through Upgrade's platform.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rithm Capital Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250804483992) on August 05, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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