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PRIMARQ Home Equity Platform:What if Investors Could Help You Buy Your House?

“A nation of homeowners is unconquerable.” -Franklin D. Roosevelt NEW YORK (MainStreet)—Homeownership is a daunting, at times seemingly unattainable dream for many Americans—what with total student debt at $1 trillion, a national unemployment/underemployment rate at 14.3%and median household income dropping 7.8% since 2007. The average home price in the U.S. is a whopping $202,000, and the subprime mortgage crisis did nothing to quell anxiety. In fact, this year the American homeownership rate dropped to 65%, its lowest point since 1995. But what if instead of taking out a mortgage from a bank you were able to go in with a number of investors and be the majority stake holder in the home equity? That’s the new system proposed by PRIMARQ, which is a capital market system that uses equity share finance to achieve two ends: first, to allow a person to become a homeowner of a property that otherwise would have been difficult or impossible to attain and second, to provide a platform whereby investors can gain exposure to the residential real estate asset class. Whichever side of the equation you’re on, this is a framework that is turning the housing market as we know it on its head. The Mechanics If you don’t have 20% to put down […]

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