Hometap Launches New York Location in National Growth Push
August 8, 2023
New Manhattan foothold, Hometap’s third office, to support growing staff and investor engagement in America’s financial capital
BOSTON – August 8, 2023 – Hometap, the Boston-based financial technology company making American homeownership less stressful and more accessible with innovative, debt-free financing, is pleased to announce its latest national office opening today in New York City.
The company’s third location now accompanies Hometap’s headquarters in Boston’s Back Bay and a large satellite in Charlotte, North Carolina, and will be located at Industrious Bryant Park in Midtown Manhattan.
The new office will serve Hometap staff in the tri-state region across corporate functions, including the growing group of team members building Hometap’s capital markets engagement, strategic and structured finance arms.
Though drawing professionals from around the country and built from a strong distributed workforce model, Hometap continues to invest in key hubs and capabilities to deliver for the range of stakeholders on its platform – mission-critical homeowners who use its products, the investment community and housing industry partners.
With Hometap poised to expand its asset capital and work with a wide range of New York-based institutions into the future, the city was a natural choice for new geography; in addition, New York State is one of 17 where Hometap provides its home equity investment (HEI) alternative financing product.
“While about half of our team is based in Boston and surrounding New England, we continue to attract incredible talent and build centers of excellence organically throughout the United States, as far as the West Coast,” said Sarah Dekin, President and Chief Operating Officer at Hometap.
“Our strategic priorities as a business create the opportunity to build and scale in New York and we are pleased to gain a foothold in the heart of America's largest city, where we can engage investment participants, drive new visibility for our mission and products, and enhance our colleague experience with a unique space for our team. Always building to our aspiration as a national company, this is an exciting time for Hometap – with the expectation for more locations to be established as we further grow.”
The launch comes as Hometap continues to diversify its offering and capabilities, having recently unveiled a new fintech-enabled knowledge tool for homeowners, the Home Equity Dashboard, along with the buildout of its structured finance function this summer.
Founded in 2017, Hometap is a Boston-based fintech company on a mission to make homeownership less stressful and more accessible. Starting with its industry-leading home equity investment product, the company has helped nearly 8,000 homeowners across the U.S. access their home equity without having to take out a loan or sell their home. Hometap continues to expand its suite of innovative financial products and services, developing a digital platform designed to help homeowners at every stage of their homeownership journey make more informed financial decisions about their home — and take action on those decisions — with confidence, speed, and ease. Learn more at hometap.com.
Tim Bourgaize Murray