Gessel has advised iBuying company SonarHome and its founders on venture debt financing received for the expansion of its operations from Maciej Noga and Ataxary Ventures.
IBuyers are real estate companies that buy and sell properties through technology. SonarHome is a Polish start-up launched by Mateusz Romanowski which seeks to enable real estate owners to sell their homes via the ibuying model. According to Gessel, “SonarHome steps up to buy the property itself, directly from the private seller or from a real estate agent, and immediately pays to the seller a price reflecting its market value – it then sells the property on, in the open market or directly to institutional investors.”
The Gessel team was led by Managing Associate Michal Bochowicz and included Partner Malgorzata Badowska and Associates Julia Trzmielewska and Katarzyna Matyszewska.
Gessel did not provide information about counsel for the lenders.