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US homeowners are sitting on an estimated $26t worth of home equity, however, tapping into that equity can pose a challenge for owners who lack good credit. Wall Street-backed companies are offering to pay cash in exchange for a piece of home equity.
"There's a lot of smart money that understands both private equity and real estate quite well that's trying to figure out how to partner in this space," George Kenny, a managing director at Tangent Capital Partners who is an advisor to EquiFi, said.
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