Latest news with #RedAwning
Globe and Mail
21-05-2025
- Business
- Globe and Mail
Beeline Holdings Reports Q1 2025 Results: First Quarter as Public Company Highlights AI-Led Growth, Record Originations, and Transformational Fintech Expansion
PROVIDENCE, R.I., May 21, 2025 (GLOBE NEWSWIRE) -- Beeline Holdings, Inc. (NASDAQ: BLNE), a fintech-focused mortgage and title company, today announced financial results for the first quarter ended March 31, 2025. Q1 2025 Highlights Breakout debut quarter as a newly public company, with Beeline repositioned as a next-gen AI-powered mortgage lender and title agent Loan originations increased 38% year-over-year, outpacing industry growth (~9%) with April performance believed to be best in three years, signaling momentum despite macro headwinds Surpassed $1 billion in cumulative loan originations since inception AI-mortgage agent 'Bob 2.0' drove 6x lead conversion and 8x full application volume—at near-zero marginal cost—validating Beeline's proprietary automation strategy Workflow engine Hive & Task based model reduced closing timelines to 14–21 days, approximately twice as fast as traditional lenders Expanded distribution through key partnerships, including RedAwning, Rabbu, CredEvolv, and MagicBlocks has 16 clients in Beta and BlinkQC out of Beta and Live in Beeline's production eliminating third party QC costs. Reduced debt by $2 million Development of a new equity product with features exclusive to Beeline. Early-stage net loss aligned with growth investments; company targets operating leverage as loan volume and platform efficiencies scale A Foundational Quarter for Beeline 'Q1 marked our first as a public company and showed the full power of our AI-driven platform taking hold,' said Nick Liuzza, Co-Founder and CEO of Beeline Holdings. 'Despite continued market challenges, our performance validates the core strengths of our business and lays the groundwork for transformational growth. We're especially excited about our upcoming equity product launch, which is interest-rate neutral and designed to unlock liquidity in a constrained housing market.' Financial Performance Beeline reported total net revenues of $1.8 million in Q1 2025 with over 70% of revenue driven by mortgage and title operations, including $1.0 million in lending revenue and $0.4 million in title revenue; the remaining $0.4 million came from its legacy spirits business. Mortgage-related metrics showed strong year-over-year growth, with the average loan amount up 24%, revenue per loan up 28%, and title revenue up 93%. Operating expenses totaled $6.8 million, including $2.3 million in salaries and benefits, $1.2 million in professional fees (primarily non-recurring costs), $0.6 million in marketing, and $0.8 million in depreciation and amortization. The company reported an operating loss of $4.9 million and a net loss from continuing operations of $6.9 million, which includes $1.9 million in interest expense. In Q1 2025, Beeline Financial Holdings originated $39.8 million in residential mortgage loans, generating $1.4 million in revenue and reporting a net loss of $2.3 million. As of quarter-end, Beeline had $1.5 million in cash and approximately $0.5 million in available warehouse line capacity. Following the close of Q1, the company completed additional equity raises. During the quarter, it used $1.5 million in operating cash, generated $1.8 million from net financing activities, and ended with a net cash increase of $0.3 million. Looking ahead, Beeline plans to launch its interest-rate neutral equity product in the third quarter, supported by a stablecoin partner. This new offering is designed to fund real estate transactions outside of traditional mortgage channels, expanding access to capital and enabling greater market participation. The company also expects to announce new strategic partnerships and continue advancing its SaaS innovation initiatives through Beeline Labs. These efforts are aimed at enhancing the customer experience and expanding the company's reach across the real estate and fintech ecosystems. In parallel, Beeline will remain focused on reducing losses and moving toward sustainable profitability, while continuing to invest in its core technology and customer acquisition infrastructure. 'We've built the foundation for a scalable, AI-first fintech mortgage platform with accelerating performance,' said CFO Chris Moe. 'While early-stage losses are expected, we believe Q1 reflects the beginning of a structural transformation in both our financial profile and market position.' About Beeline Holdings, Inc. Beeline Holdings is a technology-forward mortgage and title platform designed to simplify home financing for a new generation of buyers. By combining AI, automation, and modern UX, Beeline offers faster, more accessible, and more transparent home loan experiences for real estate investors and primary homebuyers alike. For more, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated trends in the mortgage loan industry and the company's prospective new technology offerings and strategic partnerships including a planned new innovative equity product and advances to its SaaS innovation initiatives, as well as the anticipated or potential benefits of these efforts. Forward-looking statements are prefaced by words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'should,' 'would,' 'intend,' 'seem,' 'potential,' 'appear,' 'continue,' 'future,' 'believe,' 'estimate,' 'forecast,' 'project,' and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, the Risk Factors contained in our Form 10-K filed April 15, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Yahoo
29-04-2025
- Business
- Yahoo
5 Mistakes Millennials Are Making With Their Money in the Trump Economy
Many millennials came of age and entered the workforce during the Great Recession of 2007-2008, which significantly impacted their financial challenges due to student loan debt, housing affordability and job prospects. Be Aware: Find Out: However, millennials are also a tech-savvy generation that relies more on apps for savings and investments. While many are doing their best with limited tools, some popular financial habits are setting them back. From pausing retirement contributions to chasing convenience over strategy, small missteps can compound over time. Here are five mistakes millennials are making with their money in the Trump economy. Sara Levy-Lambert, head of operations at Red Awning, said after years of COVID-19 pandemic restrictions and economic stress, many millennials are overcompensating by traveling too much or overleveraging Buy Now, Pay Later (BNPL) platforms. 'Anecdotally, a friend working in fintech confided that default rates on BNPL among millennials are significantly higher than anticipated,' Levy-Lambert said. 'It's become a canary in the coal mine.' She explained, 'The current environment — defined by inflation, interest rate uncertainty and geopolitical unpredictability — has amplified financial anxiety. When people are unsure about the future, they tend to behave in two seemingly contradictory ways: freeze or overspend. In my experience, millennials are doing both.' Read Next: From rounding-up savings apps to default employer retirement plans, many millennials rely on passive tools to manage their finances. While convenient, these set-it-and-forget-it approaches can create a false sense of security and fall short in a policy environment that demands more active planning. 'Apps make investing easy, but ease of access often leads to overexposure in correlated assets like tech-heavy ETFs or crypto, [with] little regard for true diversification or downside protection,' said Andrew Constantinides, investment advisor and RSU strategist at Neil Jesani Wealth Management, LLC. He explained, 'Today's inflationary pressures and rate volatility are compounding those risks. Millennials need to shift from chasing returns to building resilient portfolios. Think structured notes with downside buffers, private credit for steady yield, access to the private equity markets and tax-advantaged real estate.' In times of uncertainty, many millennials stop contributing to their 401(k) plans or IRAs, hoping to wait out market volatility. 'I see a lot of millennials pausing or full-out stopping their 401(k) or IRA contributions 'until things settle,'' said Ryan Canfield, president and founder of Victus Wealth Management. 'I know it can be tempting to do, especially with the older generation telling us to do it.' He pointed out that pausing these contributions means missing out on potential gains through employer matches, lower-priced shares and compound interest. 'Don't assume today's high prices, interest rates or market swings are temporary blips. Assume this is the new normal, and build habits and plans around it,' he said. 'Ask yourself, 'If this is permanent, then what needs to change?'' Many millennials don't have a solid emergency fund, which could help prevent financial distress. According to an Empower survey, millennials were among those who saved the least, with a median savings of $500. With fewer public safety nets and rising inflation, relying on credit cards or early retirement withdrawals during crises can cause lasting damage. 'Typically, I recommend working clients have no more than three to six months' of living expenses in their emergency fund in cash and to invest the excess for the long term,' said Emily DeBlase, owner and lead financial planner at Organic Wealth, LLC. She explained, 'Having too much cash sitting in bank accounts for too long exposes clients to inflation risk, which may reduce the purchasing power of the cash.' Millennials are often told to skip lattes and other daily indulgences to secure their financial future. However, the real financial drag comes from avoiding bigger moves — like negotiating salaries or delaying investments. 'They should be playing offense, not just defense,' Lambert-Levy said. 'That means thinking about how to increase income and not just how to reduce spending. In practice, this might mean upskilling into higher-paying roles, negotiating remote work to lower living costs or building alternative income streams — Airbnb, fractional investing, part-time consulting.' Lambert-Levy said millennials should also get more comfortable with moderate-risk, long-term investments. 'Index funds remain a solid foundation, and for those priced out of homeownership, real estate investment platforms — many of which now allow fractional ownership — can serve as a bridge.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives 4 Things You Should Do if You Want To Retire Early 10 Genius Things Warren Buffett Says To Do With Your Money Sources Sara Levy-Lambert, Red Awning Andrew Constantinides, Neil Jesani Wealth Management LLC Ryan Canfield, Victus Wealth Management Emily DeBlase, Organic Wealth, LLC Empower, 'Over 1 in 5 Americans have no emergency savings.' This article originally appeared on 5 Mistakes Millennials Are Making With Their Money in the Trump Economy Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
5 Mistakes Millennials Are Making With Their Money in the Trump Economy
Many millennials came of age and entered the workforce during the Great Recession of 2007-2008, which significantly impacted their financial challenges due to student loan debt, housing affordability and job prospects. Be Aware: Find Out: However, millennials are also a tech-savvy generation that relies more on apps for savings and investments. While many are doing their best with limited tools, some popular financial habits are setting them back. From pausing retirement contributions to chasing convenience over strategy, small missteps can compound over time. Here are five mistakes millennials are making with their money in the Trump economy. Sara Levy-Lambert, head of operations at Red Awning, said after years of COVID-19 pandemic restrictions and economic stress, many millennials are overcompensating by traveling too much or overleveraging Buy Now, Pay Later (BNPL) platforms. 'Anecdotally, a friend working in fintech confided that default rates on BNPL among millennials are significantly higher than anticipated,' Levy-Lambert said. 'It's become a canary in the coal mine.' She explained, 'The current environment — defined by inflation, interest rate uncertainty and geopolitical unpredictability — has amplified financial anxiety. When people are unsure about the future, they tend to behave in two seemingly contradictory ways: freeze or overspend. In my experience, millennials are doing both.' Read Next: From rounding-up savings apps to default employer retirement plans, many millennials rely on passive tools to manage their finances. While convenient, these set-it-and-forget-it approaches can create a false sense of security and fall short in a policy environment that demands more active planning. 'Apps make investing easy, but ease of access often leads to overexposure in correlated assets like tech-heavy ETFs or crypto, [with] little regard for true diversification or downside protection,' said Andrew Constantinides, investment advisor and RSU strategist at Neil Jesani Wealth Management, LLC. He explained, 'Today's inflationary pressures and rate volatility are compounding those risks. Millennials need to shift from chasing returns to building resilient portfolios. Think structured notes with downside buffers, private credit for steady yield, access to the private equity markets and tax-advantaged real estate.' In times of uncertainty, many millennials stop contributing to their 401(k) plans or IRAs, hoping to wait out market volatility. 'I see a lot of millennials pausing or full-out stopping their 401(k) or IRA contributions 'until things settle,'' said Ryan Canfield, president and founder of Victus Wealth Management. 'I know it can be tempting to do, especially with the older generation telling us to do it.' He pointed out that pausing these contributions means missing out on potential gains through employer matches, lower-priced shares and compound interest. 'Don't assume today's high prices, interest rates or market swings are temporary blips. Assume this is the new normal, and build habits and plans around it,' he said. 'Ask yourself, 'If this is permanent, then what needs to change?'' Many millennials don't have a solid emergency fund, which could help prevent financial distress. According to an Empower survey, millennials were among those who saved the least, with a median savings of $500. With fewer public safety nets and rising inflation, relying on credit cards or early retirement withdrawals during crises can cause lasting damage. 'Typically, I recommend working clients have no more than three to six months' of living expenses in their emergency fund in cash and to invest the excess for the long term,' said Emily DeBlase, owner and lead financial planner at Organic Wealth, LLC. She explained, 'Having too much cash sitting in bank accounts for too long exposes clients to inflation risk, which may reduce the purchasing power of the cash.' Millennials are often told to skip lattes and other daily indulgences to secure their financial future. However, the real financial drag comes from avoiding bigger moves — like negotiating salaries or delaying investments. 'They should be playing offense, not just defense,' Lambert-Levy said. 'That means thinking about how to increase income and not just how to reduce spending. In practice, this might mean upskilling into higher-paying roles, negotiating remote work to lower living costs or building alternative income streams — Airbnb, fractional investing, part-time consulting.' Lambert-Levy said millennials should also get more comfortable with moderate-risk, long-term investments. 'Index funds remain a solid foundation, and for those priced out of homeownership, real estate investment platforms — many of which now allow fractional ownership — can serve as a bridge.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 5 Types of Vehicles Retirees Should Stay Away From Buying 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives 4 Things You Should Do if You Want To Retire Early 10 Genius Things Warren Buffett Says To Do With Your Money Sources Sara Levy-Lambert, Red Awning Andrew Constantinides, Neil Jesani Wealth Management LLC Ryan Canfield, Victus Wealth Management Emily DeBlase, Organic Wealth, LLC Empower, 'Over 1 in 5 Americans have no emergency savings.' This article originally appeared on 5 Mistakes Millennials Are Making With Their Money in the Trump Economy Sign in to access your portfolio
Yahoo
04-04-2025
- Business
- Yahoo
The No. 1 Expense That's Making It Harder for Renters To Afford Housing
For many people, saving for a down payment for a house feels like a losing battle and a major obstacle to homeownership. But renting can be equally challenging — especially when it comes to gathering the funds for a security deposit. Find Out: Try This: Typically, a security deposit equals one month's rent. But in some states, landlords can collect up to three months' rent as security, according to Bay Property Management Group. Other states have no limits. Plus, there may be other costs, such as a pet deposit, utility deposit or even a key deposit to encourage the safe return of apartment keys when the tenant moves out. Fortunately, there are creative ways to cover the security deposit and get into an apartment without selling your belongings on Facebook Marketplace — although that's an option! — or relying on the generosity of friends or family members. 'Cash-strapped renters have alternatives beyond … the bank of Mom and Dad these days,' said Brian Zrimsek, industry principal at the prop-tech firm MRI Software. Also, make sure you're aware of these signs you're overspending on rent. In a best-case scenario, you'll have time to accrue funds. Keeping your budget in mind, aim to set aside weekly or monthly increments and deposit it in a high-yield savings account or a CD. If you need $4,000 for rent and the security deposit, for example, you'll want to set aside at least $330 per month. If your money earns 5% interest, you'll have $4,067.47 by the end of the year. If that doesn't fit your budget, consider ways to increase your earning power or save lump-sum payments, such as a tax refund or bonus at work. 'A well-structured approach would be setting up high-yield savings accounts or certificates of deposit, where you can institute a discipline of accumulating savings over time so that the amount deposited doesn't place a strain on your finances,' said Sara Levy-Lambert, head of growth at RedAwning, a vacation rental platform. Consider This: Omer Reiner, president of Florida Cash Home Buyers, suggested approaching the situation 'just as you would any other scenario when money is needed fairly fast.' He said, 'Consider getting into a ride-share position or delivering groceries and other goods. … Tips can really add up, and you can work as little or as much as you want until you have saved up enough for the move.' Some landlords may allow you to use a credit card to pay your security deposit, but they might pass the processing fees, between 1% and 3% of the transaction, on to you. If your landlord won't allow you to use a credit card, you can take out a cash advance. This isn't ideal, since credit card cash advances often have additional fees attached, and interest rates may be higher than the purchase APR. Reiner also suggested checking with local rental nonprofits. 'They might be able to help you out with a deposit,' he said. The Salvation Army's Housing Now program, for instance, lists rent and deposit assistance amongst its services. Landlords may allow you to forego a security deposit if the landlord offers lease insurance. To find such programs, look for a property advertising 'no deposit' or 'zero deposit.' Companies like LeaseLock and LeaseGuard insure the property; the renter makes monthly insurance premium payments instead of an upfront security deposit. If there is damage to the property, the landlord files a claim with the company. 'These are more affordable [than a one-time fee] and help keep people housed,' said Derek Morton, Netgain Property Management owner. However, unlike paying a security deposit, you won't get your money back after you move, and you may end up paying more over the long run. If you have no U.S. credit history, you could end up paying a larger-than-expected security deposit. For those in this situation, a program like theGuarantors, Leap or Insurent Lease Guaranty service might help. The company acts as a co-signer or lease guarantor in exchange for an upfront fee. Some programs also work for renters with decent to good credit who don't meet a landlord's financial requirements. 'Insurent … acts as an institutional guarantor on a renter's lease. Renters pay a lease guaranty fee to use this service, but the savings can be significant and a far cry from paying the equivalent of several months' rent upfront,' said Zrimsek of MRI Software, which recently acquired Insurent. Securing the apartment you need might require creativity and persistence. Not all landlords provide security deposit alternatives, but many could be willing to work with you, if you ask. More From GOBankingRates 6 Used Luxury SUVs That Are a Good Investment for RetireesI'm Retired and Regret Moving to Arizona -- Here's Why 5 Types of Vehicles Retirees Should Stay Away From Buying This article originally appeared on The No. 1 Expense That's Making It Harder for Renters To Afford Housing Sign in to access your portfolio
Associated Press
12-02-2025
- Business
- Associated Press
Beeline Loans and RedAwning Partner to Revolutionize Real Estate Investing
Providence, Rhode Island--(Newsfile Corp. - February 12, 2025) - Beeline Loans, Inc., a wholly-owned subsidiary of Beeline Holdings (NASDAQ: BLNE), a pioneering digital mortgage lender with an AI-powered platform, has joined forces with vacation property management and rental powerhouse, RedAwning to simplify and accelerate the real estate investment process for buyers. This innovative partnership integrates Beeline's DSCR mortgage application directly into RedAwning's platform, allowing investors to receive a tailored mortgage quote and approval within minutes, so they can expand their STR portfolio. By seamlessly bridging property selection and financing, the collaboration offers a faster, more intuitive experience for modern investors. Investment properties account for many of Beeline's transactions, underscoring the company's ability to support the path to financial freedom with products tailor made for property investors. 'Expanding our partnership with RedAwning aligns perfectly with our excitement about empowering investors with streamlined tools and flexible financing options,' said Nick Liuzza, CEO of Beeline. Beeline's wider range of conventional and non-QM loan products, including DSCR and Bank Statement loans, caters to the needs of Millennial investors and owner-occupiers, who are driving the growing demand for real estate investment. In 2024, millennials made up 38% of all home buyers, according to the National Association of REALTORS® (NAR). This collaboration positions both companies to capitalize on this emerging market segment, delivering a seamless, end-to-end solution for property buyers. With Beeline and RedAwning at the forefront, investors gain not just properties but a more efficient and empowering path to real estate success. About Beeline Holdings Beeline Holdings is a technology-driven mortgage lender and title provider building a fully digital, AI-powered platform that simplifies and accelerates the home financing process. Headquartered in Providence, RI, Beeline Financial Holdings, Inc. is dedicated to transforming the mortgage industry through innovation and customer-focused solutions. It is a wholly-owned subsidiary of Beeline Holdings and owns Beeline Labs. About RedAwning RedAwning is a full-service property management company offering a suite of services to property owners and investors, simplifying the process of renting out a short-term rental. With a focus on data-driven insights and user-friendly tools, RedAwning simplifies the journey for real estate owners and investors. For more information about Beeline's innovative approach to investment property financing, visit To explore available investment properties, visit RedAwning. Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the new partnership between Beeline and RedAwning and the anticipated features, benefits and market demand and adoption of the products and services envisioned by such partnership. Forward-looking statements are prefaced by words such as 'anticipate,' 'expect,' 'plan,' 'could,' 'may,' 'will,' 'should,' 'would,' 'intend,' 'seem,' 'potential,' 'appear,' 'continue,' 'future,' believe,' 'estimate,' 'forecast,' 'project,' and similar words. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you, therefore, against relying on any of these forward-looking statements. Our actual results may differ materially from those contemplated by the forward-looking statements for a variety of reasons, including, without limitation, risks that our projections, estimates and expectations with respect to our technologies and marketing strategies and perceptions concerning potential future events that are based thereon prove to be incorrect, our ability to successfully leverage and manage our relationship with RedAwning and other strategic partners, our ability to effectively complete the development of and launch of our technologies and the potential for unforeseen challenges or complications with respect thereto, our ability to protect our rights and interests in our technologies and intellectual property rights therein and to improve upon and execute our plans with respect to such technologies, our ability to the execute on our strategic initiatives effectively and in a cost-efficient manner, the sufficiency of our existing cash and cash equivalents to meet our working capital and capital expenditure needs over the next 12 months which will depend on our ability to raise capital, future interest rates in the United States, changes in the political and regulatory environment and in business and economic conditions in the United States and in the real estate and mortgage lending industry, geopolitical conflicts such as those in Ukraine and Israel, and our ability to develop and maintain our brand cost-effectively. Further information on our risk factors is contained in filings made with the Securities and Exchange Commission by Eastside Distilling, Inc., including the final Prospectus filed on January 14, 2025. Any forward-looking statement made by us in this presentation speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
