Propy lands $100M credit facility to scale AI-powered home closings
Propy, a Miami-based proptech company focused on automating real estate closings, has secured a $100 million credit facility to expand its AI-driven title and escrow operations and accelerate acquisitions across the U.S. The financing was provided by Metropolitan Partners Group, a New York-based private investment firm that supplies growth capital to entrepreneur-led businesses.
The deal comes as the company targets one of the most expensive and friction-filled parts of the U.S. housing market: the closing process. Buying a home can involve transaction costs that approach 10% of the property’s value, and the coordination among lenders, title teams, escrow officers, homeowners’ associations, and buyers can be slow and paperwork-heavy. In some cases, closing fees can rival—or exceed—a buyer’s down payment.
Automating escrow workflows with AI agents
Propy says it has built AI agents that can perform tasks typically handled by escrow officers and back-office teams. Those tasks include opening transactions around the clock, reviewing inbound communications, checking banking-related information, and coordinating steps among lenders and other parties involved in a close.
The company positions its software as an end-to-end platform that can move a transaction from offer to deed recording with fewer intermediaries and less manual processing. It also uses smart contracts and blockchain components “in the background,” the company says, to improve auditability and settlement security.
Why lenders and buyers are paying attention
Real estate closings remain heavily dependent on legacy systems, fragmented vendor stacks, and state-by-state operational complexity. That structure creates delays, duplicate data entry, and higher fees—particularly when multiple parties must review the same documents and reconcile the same information at different stages.
Propy argues that automation can materially reduce those costs by standardizing workflows and reducing human handoffs. The company says its upgraded processes can cut manual work by as much as 70% once an operation is fully integrated into its platform.
Funding partner: Metropolitan Partners Group
The new debt facility was provided by Metropolitan Partners Group, which focuses on providing growth capital to U.S. businesses that do not have outside sponsors. The firm’s model is geared toward supporting management teams while helping companies scale without forcing founders to relinquish control, according to the information provided.
For Propy, the structure offers capital to expand while keeping its strategy centered on operating title and escrow services—regulated, operationally intensive businesses that can be difficult to scale quickly without significant investment.
Founder-led push to make closings “24/7”
Propy was founded by Natalia Karayaneva, who serves as Founder and CEO. The company describes itself as a tech platform paired with licensed title and escrow operations, aiming to modernize a process that often depends on business-hour availability and manual verification.
“Multi-agent orchestration will allow transactions to become so smooth and cheap that the new generation will be buying homes anytime they change cities,” Karayaneva said. She added that the company believes the market could see significantly more homes changing hands annually if frictions and costs decline.
Transaction volume claims and acquisition targets
Since 2021, Propy says it has processed more than $5 billion in real estate transactions, with volumes “roughly doubling each year.” The company also said it is pursuing acquisitions intended to add approximately $100 million in annual revenue over time.
With the new credit facility, Propy plans to acquire title and escrow firms generating between $5 million and $20 million in annual revenue. The company’s near-term focus includes states such as California, Texas, and Tennessee, and it says it intends to keep local teams in place after acquisitions—an approach designed to preserve state-specific expertise and relationships while modernizing internal operations.
Pipeline and recent deal activity
The company said interest in its roll-up strategy is strong. It recently completed a second acquisition valued at $5 million, signed a letter of intent for another $6 million transaction, and has roughly $75 million in active pipeline deals.
“We’re building the infrastructure layer that allows real estate to operate on par with modern financial markets: AI-enabled and more liquid,” Karayaneva said.
What this signals for proptech in 2026
The financing highlights a broader shift in proptech from consumer-facing search and marketplace models toward infrastructure and workflow automation—areas where operational savings can be measured directly. Title and escrow, while less visible than listings, sit at the center of transaction costs and timelines, making them a prime target for automation.
Still, scaling in this segment comes with challenges: regulatory requirements vary by state, integrations with lenders and county recording systems can be complex, and trust is paramount in high-value transactions. Propy is betting that pairing licensed operations with AI agents and automated workflows can deliver both compliance and speed—while lowering costs enough to make closings feel more like modern digital payments than a weeks-long administrative process.
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