San Francisco—Nexera Holding LLC (Nexera), a technology-enabled residential mortgage lender announced today that funds associated with Warburg Pincus have agreed to make a significant growth investment in the company. Terms of the transaction were not disclosed.
Tax and corporate lawyers William W. Solari III and Joyce Men of Jeffer Mangels Butler & Mitchell LLP (JMBM) represented Nexera in the financing deal. Founded by Steve Abreu and a team of industry veterans in 2014, Nexera was represented by JMBM in its startup phase and has been its counsel in successive rounds of financing.
“Our focus has been to transform the mortgage process while driving operating discipline and profitability. With this investment, we now have the backing to scale those fundamentals nationally,” said Steve Abreu in a news release.
About Nexera Holding LLC
Nexera Holding is a multi-channel lender that is setting the standard for efficiency, transparency, and service in the mortgage marketplace. Founded by industry veterans, Nexera is committed to innovation in lending products for both consumers and mortgage brokers under the Newfi and Blustream brands. For more information, visit www.nexeraholding.com. To learn more about Newfi and explore rates, visit www.newfi.com. To learn more about Blustream, visit www.blustream.com.
Attorneys in JMBM’s Corporate Law and Taxation Groups represent companies and capital providers in a wide variety of financings, mergers, acquisitions and divestitures. The Groups’ lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal, using the firm’s full resources for everything from intellectual property issues to tax-efficient deal structures. For more information, visit JMBM.com.