Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace, the company exclusively told HousingWire on Monday. 

Goodwin Procter, a global law firm, acted as legal adviser for the deal, but further terms were not disclosed.

HomePace, founded in 2020, specializes in helping homeowners access their equity through home equity agreements. Homeowners can receive up to $250,000 in upfront cash in exchange for a share of their home’s future value when they sell it.

This is an alternative way for homeowners to tap into equity rather than taking on additional debt such as a home details ⇒

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