Fintech real estate investment firm Leap Analytics Inc. announced the launch of its full-service website, featuring free financial education resources and information regarding its customized Home Equity Agreements.

The Los Angeles-based company is focused on transforming the home finance marketplace and empowering historically underserved communities to help close the wealth gap. Founder and CEO Ashley Bete said the company combines innovative technology with institutional real estate expertise to empower homeowners in communities of color to improve their financial standing and credit scores. “Our goal is to narrow the wealth gap in this country by focusing on education and developing solutions that earmark funds to enhance our clients’ financial relevancy, while expanding their access to financial opportunities,” he said.

Through its HEAs, Leap enables homeowners to stay in their communities and participate in the often-dramatic economic improvements that accompany gentrification. With the proceeds of an HEA, homeowners can pay down existing debt, resulting in lower debt-to-income ratios and higher credit scores. 

Leap provides cash payments in exchange for a 6% to 18% equity stake in a home, and the homeowner must have at least 30% in equity to qualify. At the end of a typical HEA term — usually 10 or 30 years — the homeowner can either buy back their equity, extend the agreement’s term, or sell the home so the equity stake can be recouped by Leap or the investor.

Leap’s one-year HEA solutions have the shortest term of any HEA on the market, the company said. The company’s gains are capped at a 16% to 28% internal rate of return to provide its investors with a competitive risk-adjusted return.

Solutions include Leap Restore, which gives homeowners more flexibility and aims to position them as creditworthy borrowers within six months; Leap Relax, providing retired homeowners the ability to ease financial pressures; and Leap Revive, which helps struggling business owners stabilize their finances.

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