Better is moving forward with the proposed sale of Birmingham Bank to a consortium, a transaction that could strengthen the company’s liquidity position if it reaches closing.
Based on its cash balance as of Sept. 30, Better expects pro forma cash to rise to approximately $140 million once the deal is completed, according to a report by HousingWire.
The projected figure remains conditional on the transaction closing. Better has not treated the expected cash increase as a completed outcome.
For property-market participants, the transaction underscores how capital and liquidity considerations can shape the strategic direction of mortgage and banking businesses serving the housing sector.
