Splitero

Splitero Funding Inc. operates as a financial technology firm addressing a specific segment of the residential real estate market: homeowners who are asset-rich but may face challenges accessing traditional credit. Founded in 2021 by CEO Michael Gifford and COO David Zvaifler, the company provides an alternative to debt-based home equity products. The founders' backgrounds are deeply rooted in real estate investment and technology; Gifford was part of the founding teams at Sundae and Kiavi (formerly LendingHome), while Zvaifler founded Pacific Pines Real Estate, a brokerage specializing in residential investments. Their collective experience in acquiring over 1,000 homes and originating significant loan volumes informed their mission to assist homeowners who were previously forced to sell or use high-interest credit to access their equity.

The company's core offering is a Home Equity Investment (HEI), also known as a home equity sharing agreement. Through this model, Splitero provides homeowners with a lump-sum cash payment, ranging from $50,000 to $500,000, in exchange for a share of the home's future appreciation. This structure is designed for individuals who may not qualify for conventional home equity loans or HELOCs due to credit scores, as Splitero has a low minimum credit score requirement of 500 and no income or employment requirements. The business generates revenue by sharing in the property's change in value when the agreement is settled. Settlement occurs when the homeowner sells the property, refinances, or buys back Splitero's stake, with terms extending up to 30 years, a feature the company calls "Maturity Match".

This model differentiates itself from traditional lending by not requiring monthly payments or accruing interest, thereby not increasing the homeowner's debt load. The process involves a third-party appraisal to determine the home's value, and homeowners must retain a minimum equity percentage after the investment. Since its launch, Splitero has expanded its operations from California to several other states, including Colorado, Oregon, Washington, Tennessee, and Virginia, among others. The firm has secured significant financial backing, including a $5.8 million seed round in April 2022, an $11.7 million Series A in January 2023, and substantial capital commitments, such as a $350 million facility from Blue Owl Capital and a landmark $283.3 million securitization in late 2025, to fund its investments. In 2023, the company also launched a real estate brokerage, Splitero Homes, initially to assist its existing HEI clients with selling their properties.

Keywords: home equity investment, HEI, equity sharing agreement, debt-free financing, property technology, fintech, real estate finance, homeowner solutions, asset appreciation, cash-out alternative, no monthly payments, home equity access, residential property investment, Michael Gifford, David Zvaifler, Maturity Match, shared appreciation, real estate investment, home financing, property equity, alternative lending, Blue Owl Capital, home equity securitization