As consumer debt reaches all-time highs and the cost of living continues to escalate, home equity investment fintech Splitero on Thursday announced a purchase commitment from funds managed by asset manager Blue Owl Capital.

Per a release from the companies, Blue Owl’s alternative credit strategy funds will purchase up to $350 million of home equity investments. In tandem, Splitero also announced that it is expanding its product solutions to Tennessee and Virginia to provide more homeowners with alternative ways to access to home equity. It was already available in the states of Arizona, California, Colorado, Oregon, Utah and details ⇒

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