Hometap could look at buys as it expands across US, CEO says
June 7, 2022
Hometap, a home equity loan provider, is targeting coverage across the US and might seek to engage local legal expertise as it expands, said co-founder and CEO Jeffrey Glass. The Boston-based company allows customers to borrow against the equity in their homes by taking on an investor in their property rather than taking out loans. The investor provides cash in exchange for a share of the home’s future value. When the homeowner settles the investment, Hometap is paid an agreed-upon percentage of the sale price or current appraised value. This article originally appeared on MergerMarket.com. Subscribers to MergerMarket can read the full article here.