Wander.com, an Austin, TX-based network of smart vacation homes, received a $100M Credit Facility from Credit Suisse.
With this capital infusion, the company will invest in expanding its network of smart vacation homes from coast-to-coast to more than double the size of their portfolio in the first half of 2023.
Founded in May 2021, Wander is a network of smart vacation homes in locations like Vail, Tahoe, Joshua Tree, Asheville, Hudson Valley and coastal properties in California, Florida, Oregon and South Carolina. Through the app, consumers can book a smart vacation home with inspiring views, modern workstations, restful beds, hotel-grade cleaning and 24/7 concierge services to have full home control.
In addition to the facility, Wander recently announced the launch of Wander Atlas, a vacation rental REIT, which transforms customers into partial property owners by enabling them to own a piece of the network of homes while offering the potential to earn yield-passive income and diversify their portfolio.
FinSMEs
01/12/2022