Cross River Bank has provided a $100 million revolving credit facility to an investment vehicle managed by MidOcean Partners, secured by home equity investment contracts originated by Point Digital Finance. The facility supports MidOcean's acquisition of HEIs and demonstrates Cross River's expanding asset class coverage. MidOcean, an alternative asset manager specialising in middle-market investments, recently entered a forward flow purchase agreement with Point to acquire up to $600 million of Point-originated HEIs. Point is a home equity investment platform that has worked with over 20,000 homeowners, unlocking more than $2 billion in home equity. The transaction reflects growing institutional interest in home equity investments as an emerging asset class, with Cross River positioning itself as a strategic capital provider across diverse financing markets.

MidOcean Partners has agreed to purchase $600 million in home equity investments (HEI) from Point, a fintech company offering alternative financing solutions to homeowners. The deal allows Point to accelerate its origination efforts and expand access to payment-free equity investments. The partnership follows another major transaction last week, when Blue Owl Capital committed $2.5 billion from its managed funds to Point. Founded in 2015 by Eddie Lim, Eoin Matthews and Alex Rampell, Point operates a home equity investment platform that provides homeowners with flexible financing alternatives. MidOcean views Point as a leading operator in the rapidly expanding HEI asset class. Point's investors include Westcap, Andreessen Horowitz, Ribbit Capital, Greylock Partners, Bloomberg Beta, Alpaca VC and Prudential.