The new product is available for qualified homeowners in nine states
EasyKnock has announced the addition of a third offering to its set of residential sale-leaseback programs that give homeowners flexible options when selling their home.
The startup said the new product, called ReLEASE, is a "straightforward option to sell their home and rent it back for as long as they would like." ReLEASE also enables homeowners to sell their homes in as few as seven days, and for a competitive price.
"We're launching this product today because Americans need options now," said EasyKnock CEO Jarred Kessler. "Historically, financing options have been limited, and lending standards have not worked in favor of the consumer. EasyKnock is here to change this with solutions that help a wider range of homeowners achieve their goals. We want homeowners to feel their financial circumstances do not have to define them."
The offering is now available in Florida, Michigan, Arizona, Colorado, North Carolina, Tennessee, Utah, Texas, and Georgia.
"ReLEASE is a revolutionary product," said Ivy Zelman, CEO of Zelman & Associates. "Consumers have experienced a false sense of security due to recent federal stimulus packages, but unfortunately these serve as a temporary fix. While unemployment numbers are decreasing, the trajectory of the pandemic remains unpredictable. It is essential that homeowners have options available to them and are able to make a responsible choice that will provide them with the financial stability they deserve."
Last month, EasyKnock secured another $5 million investment from Viola Fintech – closing its $20 million funding round. The additional fund will help expand its residential sale-leaseback programs, Sell & Stay and MoveAbility, across the country.
