What Happened?
San Francisco, CA-based Unison Appointed Thomas Sponholtz as Chairman and Chief Executive Officer
About the Company
Unison introduced the home ownership investment category in 2007. Unison provides homeowners with long-term financing in exchange for the opportunity to share in the gain or loss in the home`s value when they decide to sell – up to 30 years later. There are no interest charges or monthly payments on the investment. Over the last decade, we`ve become the largest home ownership investor and expanded nationwide by working with lenders, regulators and institutional investors to integrate home ownership investing into the U.S. housing finance system. What sets Unison apart is true partnership: we invest at the same home value as the homeowner and share with them the downside risk and upside potential - in Unison. Unison HomeBuyer opens the door for people to buy the home they want with less debt and risk, typically by doubling the purchaser`s down payment. This larger down payment makes it easier to qualify for a loan, increases buying power, lowers the monthly payment and/or allows a buyer to reserve cash. Unison HomeOwner provides cash now to current homeowners without the added debt or payments of a home equity loan or HELOC. Homeowners use the money to eliminate debt, remodel, pay for school invest, or as a cash cushion for financial stability.
About the Person
Thomas Sponholtz is Chairman and Chief Executive Officer at Unison. Previously, Thomas held various senior HR leadership roles in the industry.
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