Point was founded because of our own frustrations with homeownership in Silicon Valley and beyond. From failed efforts to refinance our homes to being “beaten” out from buying a home repeatedly in the San Francisco Bay Area, we have experienced first hand the failings of a system skewed by debt financing. We took a long hard look at the best research and talked to lots of homeowners – the result is Point today: a platform that connects investors with homeowners who want to sell fractional equity in their homes.
We're building a marketplace to enable homeowners to diversify their wealth by selling some of the equity in their homes without taking on additional debt (think "LendingClub for home equity").
Point is tackling the growing real-estate affordability challenge head on, starting right here in the Bay Area. Point takes the biggest single asset that most folks have in their lifetime - the home - and make it liquid, divisible and tradable. Point's first product lets homeowners "sell" fractional equity in their home. There are no monthly repayments -- instead, homeowners get a tax-deferred lump sum now and the investor “exits” when the homeowner sells the property.