Home equity alternative Point raises $122M in new funding

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Palo Alto, Calif.-based Point, a shared equity reverse mortgage alternative that gives homeowners the ability to sell a small fraction of their equity, has raised $22 million in series B investment funding, and an additional $100 million in platform capital. This brings total equity investment in the product to $33 million, and total platform capital [.]

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Got Home Equity? Point Raises $8.4 Million To Grow Home Equity Loan Alternative. Wealth Advisor Staff Contributor. September 13, 2016. which-if it works-would be a new asset class. So far Point has invested in 50 homes in California and recently expanded to Washington. The venture money.

Point, a Palo Alto, CA-based financial technology platform driving home equity investments, secured $122m in debt and equity funding FinSMEs is the news site for venture capital and private equity.

Canadians managing mortgages despite soaring household debt load While Canadians may be borrowing more to get into the real estate market, thus far they seem to be staying on top of their debts, as delinquency rates dropped to 0.56 per cent for the third quarter in a row. credit agencies consider a debt to be delinquent if the borrower is more than two months behind on payments.

Palo Alto-based home equity fintech startup Point on Wednesday announced the completion of a $122 million funding. new partners bolstering our ability to serve homeowners, Point is better equipped.

Home equity alternative Point raises $122M in new funding. Point, which provides an alternative to traditional home equity lending products, has raised $122 million in new capital from eight. Read More . MERS owner to acquire Simplifile as mortgage eNote usage grows ICE will pay $335 million to acquire Simplifile. is registered on the MERS eRegistry. Digital solutions such as the eNote are gaining traction and represent an important step towards a fully.

Home Maintenance Startup Super Raises $20M To Expand Super, a home maintenance subscription service startup, announced Wednesday (April 17) it has raised $20 million in venture funding. In a press.

Point buys home equity. The idea is that homeowners get to tap into the value of their homes without taking on additional debt and investors get access to owner-occupied residential real estate, which.

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