Overview
- Metropolitan Partners Group led the facility, marking Propy’s first use of private credit to fund acquisitions.
- The company plans to acquire firms generating $5–$20 million in revenue across California, Texas, Tennessee and other states, integrating them into an AI-enabled closing platform.
- Recent activity includes the November purchase of Alabama’s Delta South Title, a second $5 million deal, and a letter of intent for a $6 million Florida target within an approximately $75 million pipeline.
- Metropolitan is also providing integration support, with Propy’s CEO citing help from the lender’s in-house technology experts.
- Propy says its AI agents and blockchain-backed workflows can cut manual work by up to 70%, and it reports processing more than $5 billion in transactions since 2021.