Press Release

Morgan Lewis Advises Hometap on Company’s Inaugural Securitization Transaction

Thursday, June 27, 2024

BOSTON and WASHINGTON, DC, JUNE 27, 2024: Morgan Lewis represented Hometap Equity Partners LLC, Hometap Investment Partners III L.P., and Hometap Transaction Asset Purchaser I LLC in the Hometap platform’s debut securitization transaction, a rated offering of approximately $217 million of asset-backed notes that were collateralized by a loan that in turn was secured primarily by a pool of option purchase agreements originated by the company or its affiliates.

Hometap is a Boston-based fintech company offering a home equity investment (HEI) product designed to make homeownership less stressful and more accessible. Hometap’s HEIs are an alternative to debt.

Morgan Lewis partner Asa (“Geordie”) Herald and associates Greg Mottla, Tina Mironis, Connor Lynch, and Kate Zheng are advising Hometap; as well as partner Sarah Nelson and associate Ester Lee; partners Julie Stapel and Michael Richman and associates Gena Yoo and Naina Kamath; partners Kevin Biron, Susan DiCicco, and David Monteiro, of counsel Bryan Goff, and associate Dan Funaro; and partner Charlie Sweet.

For more, read Hometap’s announcement.