PHILADELPHIA - 07/16/2019 — Spring EQ partners with Tilden Park and other Series B investors to create wide array of home equity offerings and expand financial technology
Spring EQ, a specialty lending company focused on home equity solutions, today announced a Series B funding round led by Tilden Park Capital Management, an alternative asset manager. The funds will drive growth in Spring EQ’s wholesale division to better serve brokers, add a correspondent lending channel, and expand product offerings.
Spring EQ started originating in late 2016 and is licensed in over 30 states and is continuing to expand throughout the United States. Sporting world class net promoter scores, impressive growth, and glowing testimonials, Spring EQ has proven that accessing the equity in your home can be easy, fast and compliant.
Jerry Schiano, founder and CEO of Spring EQ remarked “With demand for the product strong on both the consumer and investor side we are investing in our distribution channels, products and technology to bring compelling home equity lending solutions to the market. While not done yet, we’ve proven we can deliver, and are excited about the partnership with Tilden Park to drive further growth.”
Spring EQ, headquartered in Philadelphia, PA, is a specialty lending company focused on home equity solutions. Spring EQ gives smart homeowners a means to unlock their goals by providing visibility and access to their home's equity. Unlike banks and other lenders, Spring EQ’s platform provides simple and convenient access to a homeowner’s home value, and when the need arises, to provide a smart, timely, and cost-effective means to unlock that value…and their goals.
Tilden Park is a multi-strategy fixed-income-focused alternative asset manager with approximately $4.8 billion in assets under management. Tilden Park was founded in 2008 and is headquartered in New York City.
Media Contacts:Company Name: Spring EQ LLC