Home equity alternative Point raises $122M in new funding

Home equity alternative Point raises $122M in new funding

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Startup that offers alternative to home equity lending raises $122M The Real Deal. Point, a Palo Alto-based startup, that buys equity in homes and then offers to sell it back to residents has raised $122 million.

By giving an investor a slice of ownership in your property, you can tap your home’s equity without taking out a loan – or even double your down payment on a new house. It’s called a shared.

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 [.]

Point, a california-based home equity and finance company, has raised $122 million in financing, $22 million of which came from a Series B funding round spearheaded by DAG Ventures and Prudential.

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Startup that offers alternative to home equity lending raises $122M Point raised $22M in a round led by Prudential Financial and DAG Venutures, and a further $100M to invest in homes March 21.

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