Unlock Technologies, a NYC-based home equity investment technology company, received a $100M revolving credit facility.
Texas Capital Bank provided the financial resources.
The company intends to use the funds to purchase home equity agreement (HEA) contracts to serve the growing needs of its HEA investments.
Founded in 2020 and led by CEO Jim Riccitelli, Unlock Technologies is a financial technology company providing products and services that help consumers solve financial challenges and improve their financial health. Its flagship product is its home equity agreement (HEA), a financing option for homeowners who want to access the equity they have built in their homes without taking out a loan.
FinSMEs
14/09/2023