Real estate investment trust Redwood has expanded its home equity platform, Aspire, to include alternative loan products amid affordability challenges in the housing market, the company announced Tuesday.

The move is part of a repositioning that includes branding of its jumbo loan platform, which will continue to operate under the Sequoia umbrella going forward.

Through Aspire, launched in September 2023, Redwood directly originates home equity investments (HEIs). This product permits customers to sell a share of their home’s future value in exchange for a lump-sum payment today.

But Redwood also said it recognizes that higher interest details ⇒

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