Splitero, the financial technology company that provides homeowners better options to access their home equity, announced today that it has a $300 million investment from funds managed by Antarctica Capital.
This announcement comes at a time of “record” home equity. U.S. homeowners collectively hold $11.5 trillion* of accessible home equity.
Splitero is making it easier to access that equity by providing homeowners with a lump sum of cash in “exchange for a share of their home’s future value.”
These Home Equity Investments (HEIs) enable homeowners to use their home equity to better their lives by paying off debt, “renovating a home, or using their equity to achieve their financial goals without selling their home or refinancing a low-interest rate mortgage.”
This partnership and access to committed funding will allow Splitero to “provide even more homeowners access to their home equity.”
Antarctica Capital provides Splitero with the capital and support to “significantly scale our business.”
Splitero’s innovative Maturity Match aligns homeowners’ HEI term length with their senior mortgage timeline so they “don’t have to repurchase their HEI option before paying off their mortgage.”
Homeowners can repurchase anytime within their term without penalty, “giving them the flexibility to repurchase at their convenience.”
Splitero is a financial technology company that provides homeowners “better options to access their home equity.”
Established by real estate veterans, Splitero provides a “lump sum of cash in exchange for a share of the home’s future value.”
Splitero can help homeowners in California, Colorado, Oregon, Utah, and Washington access their equity with “no additional monthly payments or new debt.”
As noted in the update, Antarctica Capital is an alternative asset investment company that is headquartered in New York with more than $3.6 billion in assets under management.
Antarctica’s investment focus is on private markets, credit and real assets within their target sectors and the creation of “permanent capital vehicles” in order to leverage this investment focus.
Antarctica’s long-term capital, in conjunction with its “vertically integrated” asset management and investment platforms, positions the firm to “maximize” long-term value for investors and portfolio companies.
