Unlock is a fractional home ownership service that helps owners access the equity in their home through an investment rather than a loan.
An owner will request an estimate based on their home, and Unlock will provide a quote. The owner can then accept and use the funds for any purpose.
According to most sources, Unlock invests at a discount to the current value of the home, though pricing varies on a case-by-case basis.
Unlock makes money by investing alongside an owner and generating revenue from appreciation in the home sale value as well as the discount it receives on the value at the initial investment.
Unlock is privately held.