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Watercress Financial closes $100M revolving credit partnership with DZ Bank

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Watercress Financial Group LLC announced it has closed on a $100 million revolving credit warehouse facility with DZ Bank to enhance liquidity for contractors to offer long-term home improvement loans. This partnership aims to support West Des Moines-based Watercress Financial’s growth and provide homeowners with more financing options for projects such as HVAC, roofing and remodeling, according to a news release. “We believe that DZ Bank will be a key partner in supporting our growth,” Rob Young, president and chief credit officer at Watercress Financial, said in a prepared statement. “Our new DZ Bank warehouse allows us to continue diversifying our financing options and build financing capacity to support the accelerating growth we are experiencing in our best-in-class home improvement lending program.”