SKYDAN Equity Partners Passes $25M in Residential Home Purchases
BISWIRE/June 28, 2023 – SKYDAN Equity Partners, a leader in residential sale-leasebacks, is proud to announce that they have surpassed $25 million in residential home purchases today. SKYDAN currently operates in five Midwestern states (IL, IN, MI, OH, WI), helping homeowners access their home equity without needing to secure a loan.
With nearly 60% of new homeowners in America identifying as house-rich, cash-poor, an increasing number of households have a need to tap their home equity, but many lack the means to do so.
SKYDAN Equity Partners’ sale-leaseback program gives homeowners access to their equity even when their credit score, debts, or income may prevent them from acquiring HELOCs or home equity loans through traditional banks. At the end of the agreement, homeowners can choose to purchase their home back from SKYDAN, or sell the home and receive additional equity.
“We started SKYDAN after we identified a solution to a challenge that millions of homeowners across America were facing,” said James Stillo, President and CEO of the Skydan Group of Companies. “Today, we’re reflecting on the good we’ve done for our customers and we’re preparing to strategically expand our reach, bringing our mission to more house-rich, cash-poor families in need of help.”
Looking ahead, SKYDAN has set ambitious goals for the future. The company aims to double its residential home purchases and reach the $50 million milestone in the next year. In addition to expanding its purchase volume, SKYDAN plans to expand its footprint into additional states.
For more information about SKYDAN’s program, visit www.skydanequity.com.
About SKYDAN Equity PartnersSKYDAN is the original sale-leaseback program, helping homeowners access their equity since 2004. SKYDAN is not a bank or mortgage company offering credit, but a real estate investment company partnering with qualified homeowners. The company maintains an A+ rating with the Better Business Bureau.