San Francisco, CA, 3rd May 2023, ZEX PR WIRE, Unison founder and CEO, Thomas Sponholtz, has been recognized as one of Inman’s “2023 Best of Finance,” which seeks to honor the “best and brightest” in the combined mortgage and finance industries. The full class of honorees were announced on Inman’s website on Monday, May 1.
Sponholtz founded Unison upon observing two different conundrums. On the one hand, homeowners who wished to tap into their growing mountains of home equity were forced to utilize options that only added to their debt with monthly payments and interest. Investors, on the other hand, were struggling to obtain efficient, diversified access to the lucrative residential real estate asset class. His solution: the equity sharing agreement.
A Unison equity sharing agreement enables homeowners to convert up to 17.5% of their equity into cash in exchange for a percentage of the home’s future change in value. With no interest or monthly payments, Unison does not add to a homeowner’s debt; instead, the agreement opens the door to a panoply of possibilities. Homeowners can use the funds however they’d like: to renovate their home, start a small business, diversify their portfolio, or bolster their retirement planning. With access to Unison’s Home Partnership Team, partnering homeowners have the resources they need to navigate their unique roads to financial wellbeing.
Regarding Sponholtz’s inclusion on the inaugural list, Inman noted, “You’ve distinguished yourself by your sizable impact on the residential lending industry. Leaders like you are reshaping the mortgage space for professionals and consumers alike.”
Sponholtz thanked Inman for the recognition, adding, “I built this company to help homeowners achieve their dreams without incurring more debt, and hope more investors embrace the opportunities presented by owner-occupied real estate as a new asset category.”
Unison is a San Francisco and Omaha-based company that pioneers a smarter, better way to own your home. Until now, the only way to finance a home was by taking on debt. Through residential equity sharing agreements, we help homeowners access their equity flexibly with no monthly payments or interest. We enhance home affordability, reduce debt, and deliver a less risky way for homeowners, investors, and society to think about that important asset- the home. Unison operates in 30 states and territories, including Washington, D.C., and has helped over 10,000 households, with a combined home value of more than $8 billion. More information at www.unison.com
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Daily News Journal journalist was involved in the writing and production of this article.