BOXABL (NASDAQ: BXBL) announced that it has signed a nonbinding letter of intent with Warp Speed Holdings to establish a mortgage lending joint venture aimed at expanding financing options for buyers of its modular housing systems. Warp Speed Holdings brings experience in mortgage origination, construction financing and portfolio lending, with more than $2 billion in assets across its businesses and affiliates. The proposed venture would integrate financing into BOXABL’s homebuying process, potentially offering construction-to-permanent loans, rate buydowns and financing for land purchases, site improvements, manufacturing, delivery and installation. The initiative is intended to address financing barriers for buyers of factory-built homes and accessory dwelling units (“ADUs”) while supporting BOXABL’s vertical integration strategy.
The proposed joint venture would also seek to establish a financial services business generating mortgage origination revenue and potential portfolio lending income. BOXABL expects to announce a definitive agreement in the coming weeks, subject to negotiations, with an initial launch targeted for early 2027. The companies plan to focus initially on financing within BOXABL’s purchase process and construction lending programs. The transaction remains subject to definitive agreements and applicable regulatory requirements, with no assurance that it will be completed on the proposed terms or timeline.
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About BOXABL
Since its founding in 2017, BOXABL has raised more than $230 million from more than 50,000 investors. The North Las Vegas-based company is working to transform the housing industry through innovative technology and design, with a mission of making housing affordable at mass-production scale. BOXABL’s flagship product, the Casita, is a 361-square-foot studio unit with a full kitchen, bathroom and utilities that unfolds on-site in under an hour. The company also offers the smaller, 120-square-foot Baby Box and is developing stackable and connectable modules designed to form townhomes, multifamily units and larger single-family homes. BOXABL began trading on the Nasdaq Stock Market under the ticker symbol “BXBL” on July 20, 2026, following completion of its business combination with FG Merger II Corp.
NOTE TO INVESTORS: The latest news and updates relating to BXBL are available in the company’s newsroom at https://ibn.fm/BXBL
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