Tuesday, 02 January 2024 12:17 GMT

Investornewsbreaks Beeline Holdings, Inc. (NASDAQ: BLNE) Achieves Debt-Free Status Ahead Of Schedule


(MENAFN- Investor Brand Network) Beeline Holdings (NASDAQ: BLNE), a digital mortgage platform redefining the path to homeownership, announced it has paid down all outstanding debt, excluding warehouse lines used to fund mortgage transactions. The Company, which began 2025 with more than $7 million in debt, has now cleared all notes payable and secured credit facilities, including senior secured debentures, achieving debt-free status earlier than expected. With a strengthened balance sheet, Beeline is focused on accelerating growth and innovation, supported by cost optimization, new product launches, and revenue momentum. The Company expects to reach cash flow positive operations by Q1 2026.

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About Beeline Holdings, Inc.

Beeline Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans-whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core.

NOTE TO INVESTORS: The latest news and updates relating to BLNE are available in the company's newsroom at BLNE

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