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About Unison
Industries
Financial Services
Real Estate
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$243.2M
Headquarters
San Francisco, California
Founded
2004
Overview
Unison provides a financial service that allows homeowners to access the value of their home equity without taking on debt. Instead of traditional loans, homeowners can enter into a home equity sharing agreement, where they receive cash in exchange for a portion of their home equity. This means Unison becomes a co-investor in the property, sharing in any future changes in its value. This approach helps homeowners avoid monthly payments and interest, making it easier for them to access funds for various needs like paying off debt, funding retirement, or starting a business. Unison differentiates itself from competitors by aligning its financial interests with those of the homeowner, as both benefit from the property's appreciation. The company's goal is to make housing more financially accessible and provide homeowners with the flexibility they need to succeed.
Simplify's Take
What believers are saying
- Unison's securitization of $215 million expands access to institutional investors.
- The rise of proptech innovations enhances Unison's customer experience and operational efficiency.
- Increased interest in debt-free financing among millennials and Gen Z boosts Unison's market potential.
What critics are saying
- Rising interest rates may make traditional refinancing more attractive than home equity sharing.
- Increased competition in the home equity sharing market could erode Unison's market share.
- Potential regulatory scrutiny could lead to higher compliance costs for Unison.
What makes Unison unique
- Unison offers a debt-free alternative to traditional home loans through home equity sharing.
- The company aligns its interests with homeowners by sharing in property appreciation or depreciation.
- Unison's model allows homeowners to access funds without monthly payments or interest.
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Funding
Total Funding
$243.2M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Generous PTO
Parental leave
Volunteer days
100% employer paid health coverage
Additional sick days
$2k yearly learning stipend
Monthly 1/2 day off for development
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 0%Record 4.5% Year-Over-Year National Increase in Home Prices; 45 States See Equity Gains, With Connecticut and New Jersey Leading Growth. SAN FRANCISCO, Dec. 3, 2024 /PRNewswire/ -- Unison, the pioneer of equity sharing agreements, today announced the release of its 2024 Annual Home Equity Report, a comprehensive analysis of the U.S. housing market that highlights notable trends in home equity growth across states and metropolitan areas. The report is available for free download on Unison's website and offers distinct insights for homeowners, investors, media and financial analysts
The securitization is Unison's second under DBRS Morningstar's ratings criteria for the U.S. Home Equity Investments asset classSAN FRANCISCO, June 5, 2024 /PRNewswire/ -- Unison, the pioneer of equity sharing agreements, closed a securitization of $215 million of assets, supporting the U.S. Home Equity Investments (HEI) asset class and increasing access to institutional investors who want to participate in this emerging sector. This securitization is the second of Unison's to take place after DBRS Morningstar finalized their ratings criteria for the burgeoning asset class in 2023.DBRS Morningstar rated Unison's senior bond BBB, and the mezzanine bond BB, setting the precedent for this and future rated securitizations to take place.Unison's equity sharing agreements help homeowners who otherwise struggle to harvest their trapped equity, as the longtime available solutions require them to take on enormous additional debt. This transaction further enables Unison to empower homeowners to renovate their homes, save for retirement, and consolidate their debt, rather than drastically exacerbating it. Unison is proud to provide this innovative alternative both for homeowners in need and investors pursuing efficient and scalable investment opportunities into one of the largest asset classes in the world: owner-occupied residential real estate.The transaction closed June 5, 2024 and included Nomura as structuring agent and bookrunner
The securitization is Unison’s first under DBRS Morningstar’s recently finalized ratings criteria for the U.S. Home Equity Investments asset class . .
Unison CEO Thomas Sponholtz Announced as One of Inman’s '2023 Best of Proptech' . Press Release. •
"Technology and change have always been a core part of the Inman DNA, and they are the core of what drives the proptech ecosystem too," said Inman CEO Emily Paquette. "We're thrilled to be recognizing the key players in that ecosystem with our first-ever Best of Proptech awards." Post this"Technology and change have always been a core part of the Inman DNA, and they are the core of what drives the proptech ecosystem too," said Inman CEO Emily Paquette. "We're thrilled to be recognizing the key players in that ecosystem with our first-ever Best of Proptech awards."Chosen by Inman's editorial team, the Best of Proptech honorees were selected in four categories – Alternative Financing, Entrepreneurs, Innovation in Construction, and Venture Capital – and include:Alternative FinancingEntrepreneursDemi Horvat , AirDNA, AirDNA Malte Kramer, Luxury PresenceDrew Uher, HomeLightInnovation in ConstructionJason Ballard, ICONDeborah Casper, Connect HomesJack Oslan, DiamondAgeVenture CapitalPete Flint, NFXAlex Rampell, A16ZBrendan Wallace, Fifth WallView the complete list of 2023 Best of Proptech award recipients here.Questions about Inman's real estate awards programs can be directed to [email protected].About Inman AwardsInman Awards recognizes outstanding accomplishments across the residential real estate industry with six distinctive categories. Each award shines a spotlight on the most deserving companies and individuals in the real estate industry, as well as in specialties including mortgage and finance, marketing, proptech, and AI.About InmanInman is the leading news source for real estate agents, brokers, executives and technology leaders who gain useful advice on the industry's top stories, trends and developments that help them grow their businesses and stay ahead of the competition. With an audience of over one million professionals, Inman's pages and stages are where the industry goes to find the most innovative ideas and new business models, through our website, newsletters, events, awards, education, research, and subscriptions.Follow Inman on Facebook, X, Instagram and LinkedIn.Media Contact:[email protected]Media ContactMedia Contact, Inman, 1 510-658-9252, [email protected], https://www.inman.com/SOURCE Inman
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About Unison
Industries
Financial Services
Real Estate
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$243.2M
Headquarters
San Francisco, California
Founded
2004
Unison is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today