New Alt. Equity Company Compares Sale Leasebacks to Reverse Mortgages

A New York, N.Y.-based alternative equity-tapping company has highlighted its new sale leaseback offering by comparing it to the way a reverse mortgage works, saying that it offers seniors an additional option for those who are looking to tap into their home’s equity while also remaining in the home without taking on additional debt.

The company, Truehold, announced the launch of its sale leaseback program earlier in 2021 and offered that its product can expand the ability for more seniors to age in place, according to Nick Machesney, its vice president of product and experience in an interview with McKnight’s Senior Living.

This article originally appeared on ReverseMortgageDaily.com. Read the full article.