![]() ![]() It also raised $40 million in investment capital, doubled its employee headcount to 100, and launched a 5% down payment program with Valley National Bank and Goldwater Bank. Unison expanded into nine additional states last year, bringing its total footprint to 22 states plus Washington, D.C. The company had a record-breaking year in 2018, a strong signal, perhaps, that it’s on to something with its equity-access model. If the home depreciates, Unison shoulders that burden alongside the homeowner. Since the arrangement is not a loan, there are no monthly payments and no interest. ![]() ![]() Through its HomeBuyer and HomeOwner programs, users can either use the cash to supplement a down payment on a new home, or unlock equity in their existing home to pay off debt, remodel or fund a major purchase. The company connects homeowners with institutional investors who offer debt-free access to cash for the chance to share in their home’s appreciation. Homeownership investment pioneer Unison closed out 2018 with an impressive 370% growth in revenue and a 308% uptick in customer transactions from the previous year, the company reported.īy the end of 2018, Unison had $2.42 billion in co-invested residential real estate in its portfolio.Īs home prices have continued to appreciate, a number of companies have popped up around the country looking to help homeowners access their equity through a shared investment opportunity that grants homeowners cash for a chance to share in their home’s appreciation.Ī leader in the homeownership investment category, San Francisco-based Unison has been offering this service since 2007, weathering the housing crash and realizing solid growth as home price appreciation escalated in the subsequent years. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |