EasyKnock, NYC-based home equity solutions platform, has acquired the assets of home equity investment firm HomePace, based in Park City, UT.
The amount of the deal was not disclosed.
The acquisition enhances EasyKnock’s complementary suite of products and services that give consumers alternative ways to buy and sell, finance new homes, and use their equity. The founding team of HomePace will be joining EasyKnock. Executive announcements will be made soon.
Led by Joe Cianciolo, Co-Founder & CEO, HomePace has created the Home Equity Investment (HEI) product, which gives homeowners access to their equity without additional debt or interest payments. Instead of charging monthly interest, HomePace aligns itself with homeowners by sharing in the home’s gain when the homeowner chooses to sell in the future. Homeowners receive up to $250,000 in cash. The company is present in Arizona, Colorado, Illinois, Minnesota, North Carolina, Ohio, Tennessee, Utah, and Washington.
Led by CEO and Founder Jarred Kessler, EasyKnock is a provider of home equity solutions platform consisting in a suite of products and services that will provide consumers alternative ways to buy and sell, finance new homes, and utilize their equity.
EasyKnock’s other recent asset acquisitions include:
- Balance Homes (Dec 2023) – home equity co-ownership
- Ribbon (May 2023) – this acquisition brought home buying, homeselling, and agent solutions under one roof
- Onder (Sept 2023) – property maintenance services, key to ensuring the protection of home equity.
Commenting on the news, Jarred Kessler said: “We are here to serve the countless American homeowners who want to improve their financial resiliency. HomePace products address a critical and sizable market need, and will be a powerful tool in our arsenal. The joining of our forces pulls the ladder up behind us and cements our role as a formidable, solution-driven presence in American real estate.”
FinSMEs
15/05/2024