Key Highlights
- Propy secures a $100 million credit facility from Metropolitan Partners Group.
- Funding will support the acquisition of title and escrow firms across multiple U.S. states.
- The company aims to reduce real estate closing costs using AI-driven automation.
Propy is a technology company combining artificial intelligence and blockchain to modernize real estate transactions. It has secured a $100 million credit facility from Metropolitan Partners Group. The financing will be used to acquire and consolidate licensed title and escrow companies into a single, AI-enabled closing platform.
The move comes as the U.S. housing market faces growing pressure to improve affordability and reduce transaction friction.
Real estate closings often involve numerous intermediaries and manual workflows, pushing total costs close to 10% of a home’s value. In many cases, closing fees exceed the buyer’s down payment, eroding years of savings.
Propy says its platform is designed to address one of the most persistent barriers to homeownership: inefficient and costly closing processes.
AI Agents and Automation at the Core
At the center of Propy’s strategy is an AI agent that performs several functions traditionally handled by escrow officers. These include monitoring emails, opening transactions around the clock, checking bank account activity, and coordinating with lenders and homeowners’ associations.
According to the company, automation can reduce manual workloads by up to 70% at acquired firms. This allows teams to process higher volumes while improving margins.
Blockchain technology is used as a supporting infrastructure to enhance auditability and settlement security.
Since 2021, Propy has processed more than $5 billion in transaction volume, with activity roughly doubling year over year.
Roll-Up Strategy Gains Momentum
Propy has attracted strong inbound interest for its national roll-up strategy.
In recent weeks, the company completed a second acquisition valued at $5 million and entered a letter of intent for a third $6 million deal. Its active acquisition pipeline currently totals approximately $75 million.
The company plans to acquire title and escrow businesses generating between $5 million and $20 million in annual revenue, initially targeting states such as California, Texas, and Tennessee. Local teams will be retained, while workflows are upgraded with AI-driven systems.
Founder and CEO Natalia Karayaneva said Propy is building infrastructure that enables real estate transactions to operate more like modern financial markets: AI-enabled and more liquid.
Investor Confidence and Growth Outlook
Metropolitan Partners Group structured the facility around licensed, cash-flowing title businesses, offering built-in downside protection. Managing Partner Paul Lisiak said the firm was drawn to the durability of title operations and Propy’s practical approach to applying AI in a regulated industry.
Propy is targeting approximately $100 million in additional annual revenue through continued consolidation. The company is backed by investor Tim Draper and advised by former U.S. Treasury and SEC officials, reinforcing its ambition to reshape how residential real estate transactions are completed in the U.S.
