General World News

Alt equity firm Point says it won’t abandon reverse mortgage space

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. These companies include Atalaya Capital Management (which made a prior investment in 2018), Kingsbridge Wealth Management, Palisades Group, and Redwood Trust.

Point’s primary product offering is a home equity investment, which centers on the sale of a small fraction of a customer’s home equity, typically in the range between 5-10% of the home’s current value. Within 10 years, details ⇒

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