Opendoor SPAC Presentation Deck

Shorter duration real estate assets Average hold time for selected residential real estate assets Note: 3-4 mo Opendoor 9 mo "Fix & Flip" 12 mo Single family rental Holding period duration representative of credit investor asset exposure Inventory under resale contract reflects 2019 average 24 mo Non-performing loans 60 mo Homebuilder 84 mo Performing mortgages -35% of inventory under contract to be resold at any given time, reducing risk profile

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