Thursday, June 20, 2024 Samara Finance, LLC, a wholly-owned subsidiary of Samara, has unveiled an innovative financing product that simplifies the process for homeowners to finance Backyard accessory dwelling units (ADUs). This new offering makes it easier for property owners to add flexible living spaces to their homes, supporting uses like Airbnb rentals, service apartments, or even enhancing hotel-like amenities. Transforming the Hospitality Industry with Flexible ADUs Born out of Airbnb’s R&D unit, Samara is revolutionizing how homeowners can add extra space without the stress and cost of traditional renovations.
Their new financing product offers a seamless solution from start to finish, managing everything from design and prefab manufacturing to permitting, delivery, and installation. Why Samara’s Financing is a Game-Changer Joe Gebbia, Samara’s co-founder and co-founder, emphasized, “This financing product will be a huge unlock for ADU adoption at scale. We’re opening up the opportunity for millions of homeowners in California and beyond to realize the full potential of their homes.
” With ADU permits in California having grown 19x from 2016 to 2023 and more states like Colorado, Maine, Vermont, and New Jersey considering supportive legislation, Samara is positioned to significantly impact the housing and hospitality industry. For homeowners looking to expand their properties for use as home rentals, service apartments, or even creating hotel-like guest spac.
