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Point closes $508.6 million oversubscribed HEI securitization, the largest ever in the HEI asset class. This is the eighth rated transaction from Point, reflecting strong institutional demand for the Home Equity Investment asset class. Palo Alto, Calif., July 16, 2026 (GLOBE NEWSWIRE) - Point, the leading home equity investment platform, announced today the closing of a $508.6 million rated asset-backed securitization of Point's Home Equity Investment ("HEI") assets. This represents the largest ever transaction in the HEI space. More than 30 institutional investors took part in the transaction, including eight new entrants to the platform. Continuing recent trends, the transaction priced at significantly lower funding costs, with over 220 basis points in savings on the BB (low) (sf) bonds compared to Point's February transaction. This is a direct signal of deepening institutional demand for Point's HEIs. The deal, which closed on July 15, 2026, is Point's eighth rated securitization. "Closing the largest securitization in the HEI asset class to date reaffirms the investment community's confidence in this asset class and in the quality of the assets Point is originating," said Eddie Lim, co-founder and CEO of Point. "Since pioneering the category in 2015, we've worked with our partners to build a durable, institutional-quality capital markets platform. That platform lets us access capital at scale, enhance liquidity and transparency in the market, and ultimately make home equity a more accessible financial tool for homeowners." The issuer, Point Securitization Trust 2026-2, issued $508.6 million of asset-backed notes, all rated by Morningstar DBRS, including: $328.6 million of senior class A-1 securities rated A (low) (sf) | $70.7 million of mezzanine class A-2 securities rated BBB (low) (sf) | $44.5 million of subordinate class B-1 securities rated BB (low) (sf) | $64.8 million of subordinate class B-2 securities rated B (sf) (retained) This issuance marks Point's second securitization of 2026 and continues the company's record of programmatic issuance of bonds backed by assets on its platform. The transaction includes collateral contributed by eight purchasers on Point's platform, including Tacora Capital Management and Deer Park Road Management. Point originated all HEIs in the transaction and will continue to service the assets. "This transaction reflects the scale and quality of what Point is originating," said Keri Findley, CEO of Tacora Capital Management. "The strength of institutional demand speaks for itself, and we're excited to grow alongside Point as HEIs reach a broader base of homeowners." "Since our initial investment, we've watched the investor base in Point's securitization shelf deepen and diversify considerably," said Scott Burg, Chief Investment Officer at Deer Park Road Management. "The evolution of more participants at every rating level is the clearest sign that this asset class has matured, and we're proud to partner with Point." Barclays Capital Inc. ("Barclays") was the sole-structuring agent for the issuance. Barclays, Nomura Securities International Inc., and Cantor Fitzgerald & Co. were joint bookrunners on the transaction. East West Markets, LLC and StoneX Financial Inc. were co-managers on the transaction. About Point Point is the leading home equity platform making homeownership more valuable and accessible. Point's flagship product, the Home Equity Investment (HEI), empowers homeowners to unlock their equity to eliminate debt, get through periods of financial hardship, and diversify their wealth - without adding to their monthly expenses. Point has worked with more than 25,000 homeowners, unlocking more than $2.5 billion in home equity. Point's HEI enables investors to access a previously untapped asset class - owner-occupied residential real estate. Founded in 2015 by Eddie Lim, Eoin Matthews, and Alex Rampell, Point is backed by top investors, including Westcap, Andreessen Horowitz, Ribbit Capital, Greylock Partners, Bloomberg Beta, Blue Owl Capital, Deer Park Road Management, Alpaca VC, and Prudential. The company is headquartered in Palo Alto, CA. For more information, please visit www.point.com Lauren Nash Point 425-522-2376 [email protected] Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Africa Finance Today do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Point launches wholesale channel, taps Samuel Bjelac to lead HEI expansion. Managing Editor May 20, 2026 New TPO platform brings Point's home equity investment product to mortgage brokers as demand grows for non-debt equity solutions Point is moving into the wholesale space, announcing the launch of a third-party origination (TPO) channel that will allow mortgage brokers to offer its Home Equity Investment (HEI) product directly to clients. The new channel will be led by Samuel Bjelac, a longtime industry executive with experience building wholesale, correspondent and non-QM platforms. Bjelac most recently served as SVP of national sales and TPO at Foundation Mortgage Corporation, and previously held leadership roles at Carrington Mortgage Services, Sprout Mortgage, CoreVest Finance, and Flagstar Bank. The expansion opens Point's HEI product to broker networks, marking a shift from its prior direct-to-consumer and partner-focused distribution model. "Launching a third-party origination channel is a natural extension of Point's vision to make homeownership more valuable and accessible," said Eddie Lim, co-founder and CEO of Point. "Samuel's record of developing scalable sales organizations, opening new distribution channels, and accelerating adoption will ultimately make it possible for Point to help more homeowners access their equity when they need it most." Expanding equity access without monthly payments. Point's HEI product allows homeowners to access a portion of their home equity in exchange for a share of the home's future appreciation, rather than taking on traditional debt. Because the structure does not require monthly payments, it has gained traction among borrowers looking to tap equity without refinancing or adding a second lien. Get the NMP Daily Essential stories, every weekday. Since its founding in 2015, Point said it has funded more than $2.5 billion in HEIs, serving over 25,000 homeowners. The move into wholesale comes at a time when demand for alternative equity-access solutions continues to grow. With many borrowers locked into low first-lien mortgage rates, products like HEIs and HELOCs have become increasingly relevant for homeowners seeking liquidity without refinancing. What it means. The new channel introduces another non-debt option to present alongside traditional home equity products. By bringing HEIs into the broker channel, Point is positioning the product as a complementary solution for: * Borrowers hesitant to take on additional monthly obligations * Homeowners seeking to preserve low-rate first mortgages * Clients with nontraditional financial profiles or liquidity needs "I came to Point to help scale a better way for homeowners to access their equity, one that doesn't rely on traditional debt," Bjelac said. "Launching this product into the third-party origination market allows us to deliver that solution to more homeowners through trusted broker partners." Bjelac also framed the rollout as part of a broader push to give brokers more alternatives as traditional refinance activity remains limited. In a LinkedIn post announcing his move to Point, he said the market is changing and brokers "need more than traditional options," positioning HEIs as another tool for originators working with equity-rich homeowners reluctant to refinance into higher rates. Point's move into wholesale comes as lenders continue to expand product offerings in the broker channel, especially with origination volumes still under pressure and new production harder to come by. It also points to growing interest in shared-equity models, both as an alternative asset class for investors and as a flexible option for borrowers dealing with affordability and liquidity constraints. By adding a TPO channel, Point is looking to scale more quickly through established broker networks, a play more fintech lenders are making to grow distribution without building out full retail operations. For mortgage brokers, the move effectively adds a third option alongside HELOCs and cash-out refinances, particularly in a market where many borrowers are unwilling to give up low first-lien rates but still need access to liquidity. *This article was drafted with AI assistance and reviewed and edited by a human editor before publication.

Point, a home equity investment platform, has launched a third-party origination channel for mortgage brokers and hired Samuel Bjelac as head of wholesale. The new channel will allow mortgage professionals to broker Point's Home Equity Investment product, giving homeowners more options to access equity without monthly payments. Bjelac brings over 20 years of mortgage industry experience, having held senior roles at Carrington Mortgage Services, Sprout Mortgage, CoreVest Finance, Flagstar Bank, and most recently Foundation Mortgage Corporation as SVP of National Sales and TPO. Founded in 2015, Point has funded over $2.5 billion in home equity investments and supported more than 25,000 homeowners. The company is backed by investors including Westcap, Andreessen Horowitz, Ribbit Capital and Greylock Partners.