The process of moving from an existing residency to a newly purchased home is problematic. Bureaucratic rules, existing mortgages, and uncertainty can result in homeowners having to secure a bridge loan in order to finance their move.
EasyKnock provides services that allow homeowners to leverage their home equity for a more flexible property purchase process. By purchasing properties and leasing them back to the owner, the startup provides flexible options for the original owner to repurchase the property.
Through EasyKnock's service, homeowners can remain in this flexible state for between 3 to 18 months, replacing the need for a bridge loan. As the first institutionalized sale-leaseback prop-tech platform in the US, it has gained much attention and good funding as it moves to scale.
The company has also made a few high-profile acquisitions, such as of home maintenance platform Onder and home equity co-ownership firm Balance Homes, that will enable it to further enhance its services moving forwards. It is worth noting a bump in the road in the form of a deceptive practices investigation, though this is hard to comment on as it is ongoing.
Kirsty
Company Specialist at Welcome to the Jungle